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President Obama student loan plan ends Saturday
Friday, June 29, 2012
Education Department spokesman Justin Hamilton said officials contacted almost the entire population of eligible borrowers to encourage them to take advantage of the program.
Even if Obama wanted to extend the special program to allow more borrowers to apply, his hands are tied. Legislation enacted in 2011 precludes the government from offering the interest-rate deduction as an incentive after July 1.
Copyright 2012 The Associated Press
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