article_snippet: Obama changed rules governing how debt collecting companies treat early repayments - making Obama so high-interest debt is paid off first.
article_snippet: President new rules are a response to the arcane loans system at the moment, which can be confusing to navigate and result in mounting charges.
article_snippet: Obama also called for a website which would collate all the information on a student's federal loans in one place - and provide a simple way to forward complaints, in a so-called 'student aid bill of rights'.
article_snippet: The presidential steps aim to crack down on a student loan system known for being complex and confusing to navigate.
article_snippet: Obama also floated the possibility of proposing legal changes to how student loans are affected by bankruptcy.
article_snippet: Currently, student loans cannot typically be discharged even in bankruptcy.
article_snippet: Obama also requires servicers to apply early payments to loans with the highest interest rates, helping students pay off debt faster.
highlights_snippet: Loans companies will have now have to strike off high-interest debt first .
  
highlights_snippet: Loans companies will also have to provide more robust information to student debtors .
  