President’s Weekly Address: New Student Loan Relief

In this week’s address, President Obama underscored the importance of helping to lift the burden of crushing student loan debt faced by too many Americans and highlighted the efforts he’s taken to ensure we uphold America’s commitment to provide a quality education for all who are willing to work for it.

The address has made headlines, as the president will issue an executive order Monday  capping repayments at 10 percent of their monthly income, the New York Times reports. (Editorial note: I’m not going to lie…. this could literally be a life changing policy for this journalist and many of his peers over the next few years.  So three cheers!)

While the President’s order is the first step, he urged Congress to do its part and commended Senate Democrats for working on a bill that would help more young people save money.

This Tuesday, June 10, the President is hosting his first-ever Tumblr Q&A — and he’s taking your questions about education, college affordability, and reducing student loan debt. Be sure to watch here at 4 p.m.

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