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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.....

    Quote Originally Posted by Dittohead not! View Post
    Good question. If their student loans take up more than 10% of their income, their credit probably isn't too good anyway.
    Well, if it is extended out for a few more years one would think it would show. Where is BO getting the money for this?

    He doesn't have the money to pay for his BO Care.....let alone try and act like he has a checkbook or wallet.

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

    Quote Originally Posted by MMC View Post
    Well, Where is BO getting the money for this?
    First, check your mirror, then take a look at pictures of the grandkids if you have any.
    "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
    First, check your mirror, then take a look at pictures of the grandkids if you have any.
    What about all these states that are kicking Common Core out, and throwing away the alleged money the Fed was going to give. Since those states wont take the money.

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

    Quote Originally Posted by MMC View Post
    What about all these states that are kicking Common Core out, and throwing away the alleged money the Fed was going to give. Since those states wont take the money.
    No problem. They'll find other ways to spend it. In fact, they probably already have.
    "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
    No problem. They'll find other ways to spend it. In fact, they probably already have.
    Well lets see they are kicking out Common Core.....MO's munch Program. I would says that's a good chunk of money Right there they are dropping. Also lets not forget BO's regulations to strip the states of a little more.

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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?
    I don't see where it changes the cost of schooling in any way nor the interest rate in which is put on these loans. The terms are clear when they sign the papers, just sad the cost of college goes up with each passing year.

    I highly suggest sticking to close to home for college, at least for the first couple years as to not get in over your head.

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

    Quote Originally Posted by Nicnam View Post
    I don't see where it changes the cost of schooling in any way nor the interest rate in which is put on these loans. The terms are clear when they sign the papers, just sad the cost of college goes up with each passing year.

    I highly suggest sticking to close to home for college, at least for the first couple years as to not get in over your head.

    Heya Nicnam. Didn't they mention out of state tuitions were down?

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

    Quote Originally Posted by Nicnam View Post
    I don't see where it changes the cost of schooling in any way nor the interest rate in which is put on these loans. The terms are clear when they sign the papers, just sad the cost of college goes up with each passing year.

    I highly suggest sticking to close to home for college, at least for the first couple years as to not get in over your head.
    That's good advice.
    The first couple of years can be taken care of much more eonomically at the junior college as well, and you're more likely to get professional instructors instead of graduate students.

    As for those loans driving up the costs, before loans were so readily available, the colleges had to stick to costs that the students/parents could afford. Now, it appears that the sky is the limit. It used to be possible to work your way through and come out debt free with a degree in four years. I did, and it was nothing unusual. Now, hardly anyone does.
    "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 votemout View Post
    Ok i agree with this, I also think we need a better system. I mean it was great until the .gov got involved. now look we have idiots that play sports reading at less then high school levels. I mean really?
    People playing sports who don't read well is quite literally the least of our problems.
    Freedom of speech is not freedom from criticism.

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

    Quote Originally Posted by MMC View Post
    Heya Nicnam. Didn't they mention out of state tuitions were down?

    LOL, I musta missed that part.


    Mr Obama has done nothing to change the costs of college,
    nor has he created any jobs for the graduating students.

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