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President Obama to sign student loan relief order




US President Barack Obama speaks on student loans on May 31, 2013 in the Rose Garden of the White House in Washington, DC.
US President Barack Obama speaks on student loans on May 31, 2013 in the Rose Garden of the White House in Washington, DC.
MANDEL NGAN/AFP/Getty Images

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President Obama will sign an executive order today, which hopes to ease the pain of student debt.

The move will ensure borrowers pay no more than 10 percent of the monthly income in student loan payments. For more on this, we're joined by Kelly Field, chief Washington correspondent for the Chronicle of Higher Education.