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Obama Initiative May Cut Loan Burdens

by Charles Dervarics , February 26, 2010

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Income-based student loan programs may provide an incentive for people to go into lower-paying public servant jobs, such as teaching.
Income-based student loan programs may provide an incentive for people to go into lower-paying public servant jobs, such as teaching.

 While congressional attention is important, the publicity from the State of the Union address also is prompting greater interest, according to Williams. Some loan officers and college aid offices publicize the existing income-based repayment programs, but the outreach effort can vary from college to college and lender to lender.

“A lot of students are not aware that the option is out there,” Williams told Diverse. “More students can and should take advantage of this.”

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