Obama to announce changes for student loan repayment

President Barack Obama is slated to speak to students at Georgia Tech on Tuesday about how he wants to make the process of repaying student loans easier to understand and manage.

Obama will sign a “student aid bill of rights” and will speak about an assortment of policy tweaks and projects to try to make it easier to help people with student loans pay back their debt.

"It's our responsibility to make sure that the 40 million Americans with student loans are aware of resources to manage their debt, and that we are doing everything we can to be responsive to their needs," said Ted Mitchell, undersecretary of education, on a conference call with reporters .... http://www.reuters.com