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Obama for America

"Reducing Your Student Loan Debt: Barack Obama's plan to help College Student Loan Borrowers" +
  1:15 web video from Oct. 26, 2011.

[Morse Code SFX][Music] Female Announcer: If you're one of the millions of Americans who have student loan debt here's some news you can use. 

Nearly six million students who have both guaranteed and direct loans will soon be able to refinance them and get a discount. 

You'll only have to write one check a month, and within a year 1.5 million college students won't be required to make loan repayments over 10-percent of their income. 

All remaining debt is forgiven after 20 years of payments, and after only 10 years for teachers, nurses, members of the armed forces and others in public service careers. 

This is one important re-payment option of many designed to help make student loan re-payments more affordable. 

This progress all builds on the student loan reform President Obama signed into law in 2010 which made sure that more students from working and middle class families can get college educations and the opportunities that come with them. 

Bankers don't get to be middlemen for student loans anymore.  We saved $60 billion by taking them out of the equation, and a lot of that money is now going toward loans and grants to make college more affordable for more people. 

It's good news we're sharing, so pass it on, and learn more at BarackObama.com.

Notes: Another issue focused video; see for example earlier one on Wall Street reform.