Obama to help students with loan repayments: White House
http://www.reuters.com/article/2011/10/25/us-obama-students-idUSTRE79O7HZ20111025
The goal is to pay for college for those who will go to work for government when they graduate.
Free “education” and a guaranteed job. Of course, this falls right in line with the communist goal of not allowing anyone to earn a living outside of “the party”.
Obama orders changes to student loan payments
Oct 25, 2011
The Administration is moving forward with a new “Pay As You Earn” proposal that will reduce monthly payments for more than one and a half million current college students and borrowers. Starting in 2014, borrowers will be able to reduce their monthly student loan payments to 10 percent of their discretionary income. But President Obama realizes that many students need relief sooner than that. The new “Pay As You Earn” proposal will allow about 1.6 million students the ability to cap their loan payments at 10 percent starting next year, and the plan will forgive the balance of their debt after 20 years of payments. Additionally, starting this January an estimated 6 million students and recent college graduates will be able to consolidate their loans and reduce their interest rates. ...
Or you could apprentice as a plumber, electrician or auto mechanic, among other trades. But then you’d have those dirty hands and the elites would call you stupid.
RE: Obama to help students with loan repayments: White House
TRANSLATION: Obama will use tax payer’s money ( your money and mine ) to help students ( many of them studying useless fluff course ) with loan repayments.