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On #2, Obama has had a pretty big impact. A) The democrats pushed through Student Loan reform alongside the healthcare bill last year. "The new law will elimin
by geori 15y ago
On #2, Obama has had a pretty big impact.
A) The democrats pushed through Student Loan reform alongside the healthcare bill last year. "The new law will eliminate fees paid to private banks to act as intermediaries in providing loans to college students and use much of the nearly $68 billion in savings over 11 years to expand Pell Grants and make it easier for students to repay outstanding loans after graduating."
http://thecaucus.blogs.nytimes.com/2010/03/30/obama-signs-bill-on-student-loans-health-care/ http://thecaucus.blogs.nytimes.com/2010/03/30/obama-signs-bi...
B) A month ago Obama announced a plan to allow college graduates to cap federal student loan repayments at 10 percent of discretionary income starting in January, two years before the cap was due to take effect under federal law.
http://www.washingtonpost.com/blogs/44/post/obama-administration-announces-plan-to-ease-student-loan-burdens/2011/10/25/gIQAGbKrGM_blog.html http://www.washingtonpost.com/blogs/44/post/obama-administra...
- twoodfin 15y ago> A month ago Obama announced a plan to allow college graduates to cap federal student loan repayments at 10 percent of discretionary income starting in January, two years before the cap was due to take effect under federal law. Explain to me why this is a good thing for entrepreneurship. It seems to leave students free to party for a few years and rack up loans for degrees of dubious market value. And leave the taxpayer (read: responsible students and entrepreneurs) with the bill.