President Obama recently announced two initiatives to help student loan borrowers facing mounting debt and grim job prospects: "pay-as-you-earn" and special direct consolidation loans.
American Student Assistance, a Boston nonprofit that helps students and alumni manage student loan debt, gave this overview of what the changes mean, and how you may be able to take advantage. Kevin Fudge, an adviser with the organization, will be doing a live chat on Wednesday at 1 p.m. to discuss more .
Left: Obama announcing the loan changes in Denver.
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