Here is what you need to know about student loans:
#1 – Senior Citizens still owe $36 Billion in student loans (source HERE)
#2 – Student loans topped $1 trillion last year (source HERE)
#3 – As states cut funding to higher education – students pay more (source HERE)
#4 – The GOP budget makes HUGE cuts to funding for higher education (source HERE)
“Check this out alright? I’m the president of the United States. We only finished paying off our student loans about eight years ago. That wasn’t that long ago.”
~President Obama at the University of North Carolina today
From CBS News:
Mr. Obama spoke in starkly personal terms about the issue, telling the students he did not just read a briefing book or get talking points on the subject.
“Michelle and I, we have been in your shoes,” he said, adding that he “got poor together” with the future first lady when the two were first married and had collectively racked up thousands of dollars in student debt because “we didn’t come from wealthy families.”
Romney just recently etch a sketched his way into supporting keeping interest rates for students lower before he was against that. Politico reports:
A source flagged this video (below) of Romney during a Feb. 29 campaign stop in Ohio, answering a law student’s question about what he would do to help people address loans for education.
“I just started law school and they’re doing away with un-subsidized loans for grad students, which makes it almost impossible to pay off our debts, have a car, have a house, have a family before we retire. What are you going to do for people like me?” the young woman asked.
Romney began his answer by saying that he wished he “could tell you that there’s a place to find really cheap money, or free money, and we could pay for everyone’s education.
But, Romney said, “that’s just not going to happen,” and he proceeded to argue that it’s not a good thing to have government too involved in student loans.
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