Obama announces help for student loan borrowers (AP)

[TimesTen]

<p><a href="http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20111027/ap_on_bi_ge/us_obama_student_loans"><img src="http://d.yimg.com/a/p/ap/20111026/capt.79e99d2c59974f728ff7ae294c9622b8-79e99d2c59974f728ff7ae294c9622b8-0.jpg?x=130&y=81&q=85&sig=xLqYXUIvn_XF0V47pCsBkQ--" align="left" height="81" width="130" alt="President Barack Obama speaks about managing student debt during an event at the University of Colorado Denver Downtown Campus in Denver, Wednesday, Oct. 26, 2011. Denver is the final stop on a three-day trip to the West Coast for fundraising and speeches promoting his American Jobs Act. (AP Photo/Susan Walsh)" border="0" /></a>AP - President Barack Obama recalled his struggles with student loan debt as he unveiled a plan Wednesday that could give millions of young people some relief on their payments.</p><br clear="all"/>

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[alionneL]

For me student loans are already one of the biggest problem by most, not to mention they are the reason why education cost so much. Every time they give out more loans, the cost of education goes up proportionally.Charge cards are no longer the largest cause of debt for Americans. That questionable distinction now belongs to the student loan. The White House declared a brand new plan Wed to help decrease that problem. The government also plans other measures to handle the economy without the authorization of Congress. Article source: Administration announces plan to ease student loan burden.