Student Loans

Obama Pushes Congress to Stop Student Loan Rate Increase

Set to trigger on July 1


President Barack Obama took to the Rose Garden today to urge Congress to stave off an increase in student loan rates now scheduled to occur on July 1.

"We know that the surest path to the middle class is some form of higher education," Obama said. He said Americans now owe more on student loans than on credit cards. He said he and his wife just finally paid off their loans in the last decade and paid more on them than they did on their mortgage.

"We were lucky. We had more resources than many," Obama said. He said the debt is forcing some young people to delay buying cars and houses, which can hurt the economy overall.

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  1. How about we fucking privatize student loans, and allow private institutions to set their own fucking rates based on whatever criteria they see fit?

  2. It seems to me as though politicians are baffled by the situation at hand! They truly have no idea what to do about the problems of the economic crisis. What they need is advice from professional economic crisis specialists. The Orlando Bisegna Index for example specialist in the economic crisis have developed a programme that has brought much needed assistance to many US counties with debt problems, business failures and unemployment, therefore improving the economic situation for many families. The programme in question comes from their development of the Orlando Bisegna Index, a unique index based on 206 diverse indicators that measures the intensity of the economic crisis in the G20 nations and in other Euro currency nations.

  3. Sometimes we feel that we cannot pay for our education at time or even for small bills. Nowadays there are many sites where you can get loans online. A few steps and you are waiting for the application approval here and a few minutes later you have money to pay your bills. No credit check loans have many benefits and implications. You receive your money as fast as you need but what for the interest? You have to decide for yourself whether you can pay that money back or not.

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