How Will President Obama's Student Debt Action Affect Your Bottom Line?

Jun 10, 2014

President Obama has taken executive action to address the rising cost of student loan debt.

His plan, announced Monday, expands a 2010 law that caps repayments at 10 percent of the borrower’s monthly income. Democratic U.S. Sen. Elizabeth Warren is working on a bill to allow borrowers to refinance their student loans.

President Barack Obama poses for a photo outside Magnolia's Deli & Café during the college affordability bus tour, in Rochester, N.Y., Aug. 22, 2013
Credit Pete Souza / Official White House Photo

University of North Florida Assistant Director of Student Financial Aid Kristopher Hatcher joined First Coast Connect guest host Karen Feagins to discuss the burden of student loan debt.

You can follow Karen Feagins on Twitter @karenfeagins.