President Barack Obama signed a presidential memorandum today that aims to help former college students and graduates who are struggling to repay their tuition debt.

The measure will cap federal student loan payments at 10 percent of a borrower's monthly income. The cap was already in place for people who took out loans since the fall of 2007, but the memorandum extends the 10 percent limit...

Content Preview This content is exclusive for Optimum, Time Warner®, Comcast®, customers with access to News 12.

Already registered or an Optimum customer?
Log in
Time Warner®, Comcast® or Service ElectricSM customer?
Create an account
Not a customer?