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New York Daily News: Your student loan payback plan

On Tuesday, President Obama announced a new plan to help ease the burden of student loans, vowing to use his executive power to expedite a program that will cap loan payments at 10% of a graduate’s income. This was a timely announcement, as two weeks ago the Federal Reserve Bank of New York reported that the amount of outstanding student loans in this country has reached the $100 billion mark. The numbers are frightening, to be sure, but the reality is that paying off your student debt doesn’t have to be quite so scary. In my latest  New York Daily News column, I outline the simple steps you need to take to effectively pay off your loans.