Latest update May 30th, 2019 12:49 PM
YOU GON' LEARN TODAY: PRES. OBAMA PITCHES LOW RATE STUDENT LOANS
CHAPEL HILL, N.C. (AP) — President Barack Obama went after the college vote Tuesday, pitching cheaper student loans as he courted the one age group where he has a decided advantage over Republican rival Mitt Romney. The twist? Romney, too, has endorsed the idea, though it’s unclear whether deficit-leery Republicans in Congress will go along.
It is also undetermined whether Romney will remain an endorser of lower student loans as the campaign trail continues. Unfortunately, whichever way the proverbial political wind blows is how many candidates unravel their initial promises.
Nevertheless this initiative could certainly benefit the future of our nation by ensuring that all industries possess qualified and knowledgable staffers.
Everyone should have access to affordable higher education. Those seeking higher education ought not be penalized for obtaining degrees, by being stuck with life long student loan debts.
In the race for the White House, both the Obama and Romney campaigns see huge opportunities to court younger voters. This week, their efforts are focused on the millions of students — and their parents — who are grappling with college costs at a time when such debt has grown so staggering it exceeds the totals for credit cards or auto loans.
Trying to make it personal, Obama told students at the University of North Carolina that he and first lady Michelle Obama had “been in your shoes” and didn’t pay off their student loans until eight years ago.
“I didn’t just read about this. I didn’t just get some talking points about this. I didn’t just get a policy briefing on this,” Obama said. “We didn’t come from wealthy families. When we graduated from college and law school, we had a mountain of debt. When we married, we got poor together.”
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