[LottieDah]

Sounds peachy keen. But how are those students going to pay back the loans when the job market has dried up?

[EagleUSA]

Sounds peachy keen. But how are those students going to pay back the loans when the job market has dried up?
::::::::::
Move to Australia, or some other NON-COMMUNIST country.

[muawiyah]

Not sure Obama knows about the student loan system ~ his way seems to have been paid for him. However, he does know about his wife's involvement in the system.

That doesn't mean he understood it though. His proposal doesn't exactly make a lot of sense. For one thing, the only clear proposal is to ELIMINATE THE SUBSIDY ~ I believe that's the payment made to private lenders to manage the loan portfolios.

Eventually the loans have to be managed ~ whether by government bureaucrats, union shop stewards or bankers. If it costs $48 billion (over time) to do that now, it's still going to cost a comparable amount, and probably a lot more, when management of loan portfolios is handed over to union shop stewards and AFSCME organizational reps, to say nothing of the portion passed on to ACORN.

Just checking to see if the student had served his time in the Obama Youth League camp will cost even more.