President Obama signed an executive order Monday that could extend student debt relief to an additional 5 million people — a move aimed in part at better educating young borrowers of their rights while jumpstarting a moribund debate on the issue in Congress.
This week, President Obama ordered changes to the federal student loan program that could help millions of borrowers make their payments more affordable starting in December 2015.
Statistics from NCES reveal how financial instability during college can be prolonged after leaving, as borrowing compounds with higher rates of unemployment and underemployment, and lower pay.
