The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo70° Mostly Clear

Thursday

Hi98° Hot

Thursday Night

Lo71° Clear

Friday

Hi98° Hot

Friday Night

Lo67° Clear

Saturday

Hi89° Sunny

Saturday Night

Lo63° Clear

Sunday

Hi84° Sunny

Sunday Night

Lo61° Mostly Clear

Monday

Hi84° Sunny

Obama signs order to cap student loan payments

Send to Kindle
Print This

WASHINGTON — President Barack Obama on Monday signed an executive order that lets millions of college graduates cap their student loan payments at 10 percent of their income, a move he says will help “open the doors of opportunity for all.”

Under Monday’s order, the new cap would be available by December 2015. Administration officials said they won’t know how much it will cost until they have gone through the regulatory process.

View my options or Sign in