The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo68° Mostly Clear

Sunday

Hi98° Hot

Sunday Night

Lo76° Slight Chance Sprinkles

Monday

Hi96° Slight Chance Sprinkles

Monday Night

Lo70° Partly Cloudy

Tuesday

Hi91° Sunny

Tuesday Night

Lo66° Mostly Clear

Wednesday

Hi87° Mostly Sunny

Wednesday Night

Lo64° Mostly Clear

Thursday

Hi86° 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