Obama tackles student loan debt relief

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ST. LOUIS, MO (KTVI) - President Obama plans to announce a new plan to offer relief for student loan borrowers Monday.  The country's student loan debt is staggering at more than one trillion dollars.  Obama is expected to expand the criteria for an alternative repayment program that will cap monthly payments for certain loans at 10 percent of the borrower's income.

The changes would allow an additional five million  borrowers to qualify.

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