Tuesday, June 10, 2014
(Washington, DC) -- President Obama is taking to social media to promote his call for student loan relief. In a town hall-style event on Tumblr, Obama noted that student loan debt exceeds one-trillion dollars in the U.S. Obama said going to college continues to be a very smart investment but argued that loan debts should be more manageable. This week, Obama signed an executive order expanding a federal program that helps college grads reduce their monthly loan payments. The President promoted a Senate Democratic bill which would allow millions of student loan borrowers to refinance at lower interest rates.