From The Daily Beast -- March 27, 2010:
Obama Touts Billions for College Students
A week after passing his landmark health-care bill, President Obama is not slowing down on reform, with higher education next on his agenda. In his weekly radio address, Obama said that his student loan bill—which he is expected to sign into law Tuesday—would save taxpayers $68 billion while generating more student lending in order to give the United States the highest proportion of college graduates worldwide within 10 years. "To make sure our students don't go broke just because they chose to go to college, we're making it easier for graduates to afford their student loan payments," he added. The GOP, meanwhile, used its weekly radio address to argue for a repeal of the health-care bill. "We can do better," Senate Minority Leader Mitch McConnell said.
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3 comments:
So? Noble cause to want more to go to college. I am all for that. However, why not just expand the student loan program, while still allowing private lending? Why does the government have to take the whole thing on?
It should be a choice. Some people need the private loans to cover living expenses while in school fulltime.
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