Congresswoman Loretta Sanchez, Representing California’s 47th Congressional District
PRESS RELEASE, FOR IMMEDIATE RELEASE: October 26, 2011
MEDIA CONTACT: Adrienne Watson 202-309-0825
REP. SANCHEZ APPLAUDS PRESIDENT’S STUDENT LOAN RELIEF
WASHINGTON, D.C. – Congresswoman Loretta Sanchez (CA-47) released the following statement today in response to the President’s announcement on his new student loan debt payments program. President Obama will issue an executive order to reduce the maximum percentage of income that students will pay toward their student loans to 10 percent. These 1.6 million current students will also be eligible for loan forgiveness in twenty years instead of twenty-five. Continue reading