One tool to counter the problem of student loan defaults and high student loan payments, proposed by President Obama in 2010, was to expand the policy of

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The tool proposed by President Obama to counter the problem of student loan defaults and high student loan payments was to expand the policy of income-based repayments. Income-based repayment plans ensure that borrowers can make manageable monthly payments based on their income and family size. It allows borrowers to pay no more than 10% to 20% of their discretionary income towards their student loans. This will help reduce the burden of high student loan payments and prevent loan defaults.

One Tool to Counter the Problem of Student Loan Defaults