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Obama plan consolidating student loans

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Tensions run high, and couples often make poor decisions in the heat of the moment.

Student loans are one of the biggest causes of debt in the United States.

President Obama’s national goal: “by 2020, America will once again have the highest proportion of college graduates in the world.” When people talk about the Obama Student Loan Forgiveness Program, they’re usually talking about these student loan reform initiatives implemented by President Obama.

Federal Student Loan Forgiveness Options While there are actually five types of repayment plans under the Obama student loans program, three of them offer student loan forgiveness: Federal Student Loan Forgiveness and Public Service Workers Each of these repayment plan options offers public service workers a shorter period of loan payments before their student loans are forgiven.

Lastly there are stipulations to even being eligible for this plan.

The stipulations are pretty high and would really only help students who had been out of college a certain amount of time.

The Obama student loan forgiveness program works by capping interest rates on federal student loans before the date of July 2012.