Education Secretary Duncan explains new measures to help students manage debt

College graduates are entering one of the toughest jobs markets in recent memory and the average student loan debt for those graduating from a four-year college is nearly $24,000.

Today, Education Secretary Arne Duncan will be announcing new measures to help students pay back and manage their loan debts. This measure comes as a part of a series of executive measures that the White House has been rolling out this week to help Americans suffering in this economic environment.

Secretary Duncan joins Carol Costello on American Morning today to break down the changes he is going to announce and to address some of the criticism that has been geared at the president for bypassing Congress and issuing executive orders.