[caption id="attachment_43258" align="alignleft" width="150" caption="Obama will use his executive authority to provide student loan relief in two ways."][/caption]

Seeking to shore up support among cash-strapped college graduates and students struggling with rising tuition costs, President Barack Obama is outlining a plan to allow millions of student loan recipients to lower their payments and consolidate their loans.

Outside of mortgages, student loans are the No. 1 source of household debt. Young voters were an important bloc in Obama's 2008 campaign, and student loan debt is a common concern among Occupy Wall Street protesters.

Obama's announcement, made...

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