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The Boston Globe

Nation

Obama aims to ease college loan debt

Seeks payment cap of 10 percent on monthly income

WASHINGTON — President Obama on Monday will take executive actions in an attempt to ease the burden of college loan debt for potentially millions of Americans, in a White House event coinciding with Senate Democrats’ plans for similar legislation to address a concern of many voters in this midterm election year.

Before an East Room audience, Obama is scheduled to announce “new steps to further lift the burden of crushing student loan debt,” said a White House official, who declined to be identified describing the actions in advance of the president’s event.

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