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Latest from FSA: Supporting the Economy by Helping Student Loan Borrowers Manage Debt

July 11, 2014

Today, more students and families are relying on loans to pay for college. The Obama Administration is taking further steps to make a college education more affordable by making more tools available to help students and families manage their debt:

  • The Treasury Department and the Department of Education teamed with Intuit to launch a pilot program to raise awareness about income-driven repayment plans
  • Users of Intuit’s TurboTax service were able to figure out their eligibility for lower student loan payments
  • The White House announced an expanded partnership with Intuit and a new partnership with H&R Block to reach more individuals who could benefit from income-driven repayment options

The Treasury Department will continue to look into ways to help student borrowers effectively manage their debt. For now, students should utilize the Repayment Estimator and look into the several repayment options that the Department of Education offers.

Read the full article here: http://www.ed.gov/blog/2014/06/supporting-the-economy-by-helping-student-loan-borrowers-manage-debt/.

 

Megan Freese, Communications Intern

Megan Freese, Communications Intern

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