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President To Ease Student-Loan Burden For Low-Income Graduates

10/26/2011 08:49 am 08:49:37 | Updated Dec 26, 2011

President Obama will announce new programs Wednesday to lower monthly loan payments for some students graduating next year and thereafter and to let borrowers who have a mix of direct federal loans and loans under the old Federal Family Education Loan Program consolidate them at a slightly lower interest rate.

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