President Obama’s new plan of expanding help for students with their federal loans that was announced a few days ago (even though the plan, called Pay As You Earn, has been around since 2012) may not actually cover the “up to five million” people the White House fact sheet states as the specific terms are not available. See this article in SFGate by Kathleen Pender for more details:

http://www.sfgate.com/business/networth/article/Student-loan-forgiveness-may-be-overstated-5539949.php

It would be nice when these things are announced if the details are also provided so you can actually see approximately who it would help (but then people couldn’t just announce an ‘up to’ figure and might have to actually provide proof of the number of people who might qualify.)

For financial, accounting and tax musings,