DENVER, CO – OCTOBER 26: U.S. President Barack Obama greets supporters after speaking at the University of Colorado Denver campus on October 26, 2011 in Denver, Colorado. The President launched a new plan to lower the cost of paying back student loans. The plan, to be implemented by executive order, will allow former university students to cap their loan payments at 10 percent of their discretionary income starting in 2012. It would also forgive the balance of student loans after 20 years of payments. (Photo by John Moore/Getty Images)