New student loan rules - WKOW 27: Madison, WI Breaking News, Weather and Sports

New student loan rules

WASHINGTON (WKOW) -- The second health care reform law signed by President Barack Obama this week also holds big changes for the nation's college student loan system.

Among some of its features, the new law is expected to make it easier for some college graduates to repay loans after school by capping payments at 10 percent of their income after they graduate.

Those who work in public service jobs after graduation will have their loans forgiven after 10 years if they're not repaid.

And for those working in the private sector after school, their loan payments will end after 20 years.

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