Obama to take action to ease student loan burden

Reuters News
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Posted: Oct 25, 2011 5:26 PM
Obama to take action to ease student loan burden

WASHINGTON (Reuters) - President Barack Obama plans to use his executive powers to ease the burden of student loan repayments by allowing loans to be bundled and by accelerating an income-based repayment program, the White House said on Tuesday.

Obama will announce the measures in Denver on Wednesday, as he wraps up a swing through electorally important western states to convince voters he is using the power of his office to bypass congressional Republicans who oppose his jobs plans.

(Reporting by Alister Bull; Editing by Sandra Maler)