Obama to ease student debt burden, NY Times reports

theflyonthewall.com

President Obama will announce a number of steps to ease the burden of student loan debt, including allowing an estimated 5M additional debtors to benefit from a cap of their repayments at 10% of their income, The New York Times reported on Saturday. The president is expected to announce the initiatives later today, the newspaper stated. Comapneis that lend to students include First Marblehead (FMD), Nelnet (NNI), and SLM Corp (SLM). Publicly traded for-profit education comapnies include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA).

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