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Thread: Obama to Announce Student Loan Relief Plan

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    Obama to Announce Student Loan Relief Plan

    WASHINGTON – Millions of student loan borrowers will be eligible to lower their payments and consolidate their loans under a plan President Barack Obama intends to announce Wednesday, the White House said.Obama will use his executive authority to provide student loan relief in two ways.
    First, he will accelerate a measure passed by Congress that reduces the maximum repayment on student loans from 15 percent of discretionary income annually to 10 percent. The White House wants it to go into effect in 2012, instead of 2014. In addition, the White House says the remaining debt would be forgiven after 20 years, instead of 25. About 1.6 million borrowers could be affected.


    Read more: Obama To Announce Student Loan Relief Plan | Fox News
    First off, didn't he try this failed idea with mortgages?

    http://www.google.com/url?sa=t&rct=j...NiOCjdxdCWdU4Q

    And secondly, this folks is just a President, bribing a voter block with YOUR MONEY!
    Last edited by Renae; 10-26-11 at 09:06 AM.
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    Re: Obama to Announce Student Loan Relief Plan

    I have like very few of Obama's plans, but I do like this one.

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    Re: Obama to Announce Student Loan Relief Plan

    The new program does not apply to students who currently are swamped in student loan debt.

    Try again....
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by muciti View Post
    I have like very few of Obama's plans, but I do like this one.
    How much do you owe on student loans?
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    First off, didn't he try this failed idea with mortgages?

    http://www.google.com/url?sa=t&rct=j...NiOCjdxdCWdU4Q

    And secondly, this folks is just a President, bribing a voter block with YOUR MONEY!
    Indeed. An entire generation getting off on a bad footing because of climbing tuition and interest rates and a bad job market isn't worth any attention from the federal government. Not like they have to do anything important in the future, like, carrying the economy and footing the bill for increasingly expensive government programs.
    Last edited by Morality Games; 10-26-11 at 02:26 PM.
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Morality Games View Post
    Indeed. An entire generation getting off on a bad footing because of climbing tuition and interest rates and a bad job market isn't worth any attention from the federal government. Not like they have to do anything important in the future, like, carrying the economy and footing the bill for increasingly expensive government programs.
    If those students are too stupid to realize borrowing $50k to $100k to get a degree that pays them a few dollars more than a skilled trait position, and we are relying on them to carry the future economy, we are screwed as a Nation.
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by conservativeguy View Post
    If those students are too stupid to realize borrowing $50k to $100k to get a degree that pays them a few dollars more than a skilled trait position, and we are relying on them to carry the future economy, we are screwed as a Nation.
    No what is stupid is the price to get those degrees. So you think everyone should get a degree to be a lawyer, that way they can pay off their student loans. Insanity...
    I'm coming to see that no matter what law we regulate, be it the stand your ground act, there is never an objective morally right answer to any morale question; in fact, since there are multiple objectively right answers to every moral question that leaves us with a lot of grey area and a lot of black area (not in the racial since).
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    First off, didn't he try this failed idea with mortgages?

    http://www.google.com/url?sa=t&rct=j...NiOCjdxdCWdU4Q

    And secondly, this folks is just a President, bribing a voter block with YOUR MONEY!
    You can stop with the feigned outrage Mr.V.
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    Re: Obama to Announce Student Loan Relief Plan

    I was reading some Libertarian replies to this, and they suggested why school is so expensive is because the government spends so much on education. How is this true?
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Your Star View Post
    You can stop with the feigned outrage Mr.V.
    There is no feigned outrage dear, I really do not like this move. It's a blatant bribe for votes. That should outrage anyone. It won't lower the cost of tuition, doesn't address ANYTHING other then "Oh poor Timmy, huge debt from that college loan, here see I want to give you other people's money and make your life easier..."
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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