Obama Directs Changes to Make Student Loan Navigation Easier
The steps will help borrowers better understand who they owe money to and their options for lowering payments and avoiding default, according to the administration.
College Tuition Is Rising Faster Than Inflation
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President Barack Obama took administration action Tuesday aimed at helping federal student loan borrowers navigate the repayment process and tightening rules for private companies servicing school debt.
Obama directed the U.S. Education Department to create a website that gives borrowers a simple way to lodge complaints about lenders, collection agencies and universities.