Reducing Your Student Loan Debt: Barack Obama’s plan to help College Student Loan Borrowers
Share this: my.barackobama.com Nearly six million students who have both guaranteed and direct loans will soon be able to refinance them and get a discount under President Barack Obama’s student loan debt reform plan: “Help Americans Manage Student Loan Debt”. You’ll only have to write one check a month and within a year it will ensure that more than 1.6 million college students won’t be required
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Filed on Thursday, October 27th, 2011 under Barack Obama News
By admin.
British government could learn a thing from Obama!!!
What about private student loans? I’ve looked into it, and private student loans are magically exempt for some unknown reason.
What about people who have already defaulted on their student loans because they couldn’t get a high-paying job fast enough?
This is a welcome change, but I’d like to see less money going to loans and more money invested in state and community colleges and vocational and apprenticeship programs. Not everyone needs to or should go get a 4-year degree, but if you want to keep the cost down, the best way to do so would probably be to have very high quality state and community schools with low costs and that means investment. You could also try and tackle job retraining at the same time, which is badly needed.
@SilentProfessional1 because the loans are coming directly from the government now, not banks. did you miss that part?
Sorry, but this won’t help me at all.
How is this not on the back of taxpayers? Who picks up the balance of the forgiven loans?
wtf nurses get loans forgiven but not doctors?
Great looks like im not getting any help to pay off my 400k + loan
Hearing this information gave me such a feeling of relief – like I won’t be swallowed whole by my school debt.
Light at the end of the tunnel.
THANK YOU.
they were showing his speech at my campus yesterday. mind you, this was in the business college where almost everyone is either libertarian or conservative. most of the students who were walking by were smiling. thanks obama
If Obama is going to be again President, I am going to emigrate to America, haha
@brandorn Ok Brandorn, so you are in favor of abolishing the united states, and having a dictator then? People who think like that are a scourge on this country!
So the government “pays the bank* for the rest of your loan after 10 or 20 years? The government (the people) will once again bail out the banks, and everyone has to pay for college loans, even if they never went to college? Seriously?
@digitaldud: because public service jobs generally pay less than their for-profit analogues and the value-added doesn’t show up in their salary
@SlobbyHill: Great, then don’t take advantage of the programs, although I’m not sure how consolidating loans at a lower interest rate or limiting monthly payments is having someone else pay for them. You do realize that even with the forgiveness programs you’re going to be paying more than the cost of the loan over that 10 or 25 years, right?
thats awesome….but we cant pay off loans if there are no jobs!
Yes we can. Just a little change
It took you this long to learn the banks are fucked up?
Thank you Obama I graduate soon and I was worrying on how I would pay off my loan debt. I will probably choose public service. Thanks Thanks Thanks!!!
The government needs to get the heck outta the school business, thats part of the reason we have so much trouble to begin with!!!
Consolidation of student loans has always been available. Did that back in ’93 myself. It is the 20 year forgiveness thing I am interested in learning about. Been out of school and been paying since ’91.
@SilentProfessional1 because the loans are coming directly from the government now, now banks. did you miss that part?