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Thread: Obama to take Executive Steps on Student Loans.....

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    Re: Obama to take Executive Steps on Student Loans.....

    I remember all my right wing friends using all kinds of tricks to not pay back their student loans. It was pathetic and of course they just said that the government will take care of it. Same with the housing crunch it was right wingers telling people to walk away from bad mortgages. So when THIS PRESIDENT looks for relief the right wings go nuts.

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by MMC View Post
    Hi Everybody......Guess Who?




    WASHINGTON (AP) President Barack Obama is prepping new executive steps to help Americans struggling to pay off their student debt, and throwing his support behind Senate Democratic legislation with a similar goal but potentially a much more profound impact.

    Obama on Monday will announce he's expanding his "Pay As You Earn" program that lets borrowers pay no more than 10 percent of their monthly income in loan payments, the White House said. Currently, the program is only available to those who started borrowing after October 2007 and kept borrowing after October 2011. Obama plans to start allowing those who borrowed earlier to participate, potentially extending the benefit to millions more borrowers.

    Obama also plans to announce he's directing the government to renegotiate contracts with federal student loan servicers to encourage them to make it easier for borrowers to avoid defaulting on their loans. And he will ask the Treasury and Education departments to work with major tax preparers, including H&R Block and the makers of TurboTax, to increase awareness about tuition tax credits and flexible repayment options available to borrowers.....snip~

    Obama to take executive steps on student loans - AP News 6/7/2014 7:52 PM


    How is this reducing their costs? Where is he stepping? What say ye?
    its all about getting votes for this administration.

    these people do not deserve any more relief then anyone else in terms of their loans/debt.

    its about responsibility.
    Go Vols

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Sababa View Post
    I remember all my right wing friends using all kinds of tricks to not pay back their student loans. It was pathetic and of course they just said that the government will take care of it. Same with the housing crunch it was right wingers telling people to walk away from bad mortgages. So when THIS PRESIDENT looks for relief the right wings go nuts.
    stop fooling around...you don't have right wing friends.

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by MMC View Post
    Should Professors and Teachers be given like an average middle class home. As part of their retirement package. Reg 2-3 bdr Normal middle class home. Owned outright! Some Reduced tax. Right there by those in their community? If costs are put onto the teachers. Who don't pay into social security. What if they have no taxes upon their homes or some miminal tax only. How much is knowledge worth?

    How do you stop the Rise of Education? How do you stop the Universities and Professors from Increasing the Price for their time?
    The $9,950 per month house for Napolitano is just a temporary housing while the tax payers spend $3.5 to $6 million to renovate the 13,000 square foot "Blake House" that she will soon be moving into.


    Cash-Strapped University of California May Spend Millions To Fix Up A House For New President Janet Napolitano



    >" Since the first discussions of repairs years ago, critics have said that UC would be spending money it doesn't have or that could serve a better purpose. "Cuts of nearly $1 billion over the last five years have led to tuition increases and class shortages, and have strained relations with faculty and staff through the imposition of furlough days and hiring freezes," according to Reuters..."<

    Read more: University California May Spend Millions On Napolitano's Home - Business Insider

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by APACHERAT View Post
    The $9,950 per month house for Napolitano is just a temporary housing while the tax payers spend $3.5 to $6 million to renovate the 13,000 square foot "Blake House" that she will soon be moving into.


    Cash-Strapped University of California May Spend Millions To Fix Up A House For New President Janet Napolitano



    >" Since the first discussions of repairs years ago, critics have said that UC would be spending money it doesn't have or that could serve a better purpose. "Cuts of nearly $1 billion over the last five years have led to tuition increases and class shortages, and have strained relations with faculty and staff through the imposition of furlough days and hiring freezes," according to Reuters..."<

    Read more: University California May Spend Millions On Napolitano's Home - Business Insider


    Well Someone should ask her.....why she needs to live in a Million dollar home? Whats the matter with a 60K Home she can Own outright and have no Mortgage or taxes? How does that reflect being just one of the people. Helping the community out with which she is serving still.

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by MMC View Post
    Well Someone should ask her.....why she needs to live in a Million dollar home? Whats the matter with a 60K Home she can Own outright and have no Mortgage or taxes? How does that reflect being just one of the people. Helping the community out with which she is serving still.
    Napolitano prefers public housing. It's free stuff.

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by APACHERAT View Post
    Napolitano prefers public housing. It's free stuff.
    FEMA has mobile homes I hear.

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    Re: Obama to take Executive Steps on Student Loans.....

    It sounds all well and good, and is no doubt well intentioned, but making student loans easier to pay off just encourages more loans, which in turn encourages higher costs at the universities.

    College used to be affordable, back before student loans were so easy to get.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Dittohead not! View Post
    It sounds all well and good, and is no doubt well intentioned, but making student loans easier to pay off just encourages more loans, which in turn encourages higher costs at the universities.

    College used to be affordable, back before student loans were so easy to get.


    Heya DH. Moreover it doesn't get them out of the debt. Will it show on their credit?

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by MMC View Post
    Heya DH. Moreover it doesn't get them out of the debt. Will it show on their credit?
    Good question. If their student loans take up more than 10% of their income, their credit probably isn't too good anyway.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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