White House to Expand Student Loan Protections - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

White House to Expand Student Loan Protections

Posted: Updated:
Courtesy: University of Nevada Courtesy: University of Nevada
President Barack Obama is signing an executive order that lets borrowers pay no more than 10 percent of their monthly income in student loan payments.

The measure expands on a 2010 law that covered those who started borrowing after October 2007 and kept borrowing after October 2011. The executive order allows those who borrowed earlier to participate, potentially extending the benefit to millions more borrowers.

Obama will sign the order Monday during an event in the White House Rose Garden. The president will also use the appearance to call for Congress to pass more sweeping legislation that would let college graduates with heavy debts refinance their loans.

The Senate is expected to debate the legislation next week, but it faces significant obstacles.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • NewsMore>>

  • Sparks Police Ask for Help Identifying Suspects Using Stolen Credit Card

    Sparks Police Ask for Help Identifying Suspects Using Stolen Credit Card

    Sunday, February 18 2018 12:44 PM EST2018-02-18 17:44:58 GMT

    Sparks Police are asking for the public's help with identifying subjects involved in attempting to use a stolen credit card at a CVS location. 

    More >>

    Sparks Police are asking for the public's help with identifying subjects involved in attempting to use a stolen credit card at a CVS location. 

    More >>
  • Weather Discussion: More Snow and Getting Much Colder

    Weather Discussion: More Snow and Getting Much Colder

    Sunday, February 18 2018 1:15 AM EST2018-02-18 06:15:26 GMT

    Sunday will be cold, windy, and snowy by the afternoon. Snow totals will be light, but roads will likely be messy by the Monday morning commute. 

    More >>

    Sunday will be cold, windy, and snowy by the afternoon. Snow totals will be light, but roads will likely be messy by the Monday morning commute. 

    More >>
  • Martin Twins Big Day Propels Nevada to Win at Utah State

    Martin Twins Big Day Propels Nevada to Win at Utah State

    Sunday, February 18 2018 1:08 AM EST2018-02-18 06:08:32 GMT

    Cody Martin scored 30 points on 13-of-18 shooting and twin brother Caleb Martin added 23 points to lead No. 24 Nevada to a 93-87 win over Utah State on Saturday. Jordan Caroline chipped in with 20 points for the Wolf Pack. Nevada (23-5, 11-2 Mountain West) shot 59.3 percent from the field - including 11-of-21 from 3-point range - to pull away from the Aggies. 

    More >>

    Cody Martin scored 30 points on 13-of-18 shooting and twin brother Caleb Martin added 23 points to lead No. 24 Nevada to a 93-87 win over Utah State on Saturday. Jordan Caroline chipped in with 20 points for the Wolf Pack. Nevada (23-5, 11-2 Mountain West) shot 59.3 percent from the field - including 11-of-21 from 3-point range - to pull away from the Aggies. 

    More >>
Powered by Frankly
All content © Copyright 2000 - 2018 Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.