This should come as a surprise to no one. Obama has been sidestepping congress quite a bit lately.

Eric Owens of The Daily Caller reports.

Obama Throws A Bone To Americans Crushed With Student Loans

College students and the rest of America’s youth voting bloc fell for candidate Barack Obama like a blind roofer in both 2008 and 2012.

Now, the president is throwing a bone to those millions of devotees by way of executive orders that will limit the percentage of income student debtors must pay on student loans. He will also try to talk loan servicing companies into initiating fewer default proceedings against debtors.

He will sidestep Congress in these efforts, reports ABC News.

In a Rose Garden appearance on Monday, Obama will announce an expansion of an existing “Pay As You Earn” program that limits student loan payments to a maximum of 10 percent of an individual’s monthly income.

Right now, only borrowers who began taking out student loans after October 2007 and who were still borrowing in October 2011 can take advantage of this program. A law passed by Congress would have broadened income-based repayment plans in about a month, anyway.

The president also wants to convince federal student loan servicers to figure out some way to help student loan borrowers avoid defaulting. The White House is still in the planning-to-plan phase on this idea, but there are plans in the words to negotiate with loan servicing companies.


 
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