(January 2010) The President delivered his State of the Union Address on Wednesday, outlining his agenda for the upcoming year. Although analysts report education issues were addressed in about five percent of President Obama's remarks, he did use the occasion to urge the Senate to pass the SAFRA legislation and unveil a revised version of the Income-Based Repayment program. The revised IBR would limit student loan payments to 10 percent of income after certain adjustments and reduce the time needed to have the balance forgiven from 25 years to 20 years. Direct Loan borrowers in public service jobs would still be eligible for forgiveness after making 10 years of payments. COHEAO members interested in our memos providing further details on the State of the Union and the President's FY2011 Budget should email Wes Huffman (whuffman@wpllc.net).

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