(WLNS) – According to information from the White House, more than 1.5 million people in Michigan are still paying off federal student loans.
According to our media partners at Mlive in total they owe $40 billion but help is on the way.
President Obama is expected to sign a plan to make it easier for people to pay those loans back. It is called the Student Bill of Rights and it says anyone who takes out a student loan has the right to an affordable repayment plan.
Obama is also calling for a nationwide study of debt trends.