October 25th, 2011
02:19 PM ET
WASHINGTON (CNNMoney) - President Obama is expected to announce measures aimed at helping college graduates climb out of their student loan debt hole.
One of the proposals would push up the start date for more favorable terms on a special loan repayment program based on income, sources tell CNNMoney. Another measure would encourage graduates with two or more different kinds of federal loans to consolidate them.
The initiatives were originally unveiled by Obama in his budget proposals. But the president is expected to trumpet them when he appears Wednesday at the University of Colorado's Denver campus.
The president is under pressure to address the financial concerns that students and recent graduates face with dour job prospects in this economy. Student loan debt, which is now outpacing credit card debt, is one of the things being protested at Occupy Wall Street marches in New York.
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