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Obama aims to clamp down on federal student loan servicers
Associated Press ^ | Mar 10, 2015 2:22 PM EDT | Josh Lederman

Posted on 03/10/2015 12:21:29 PM PDT by Olog-hai

President Barack Obama says college affordability isn’t just important for students, but for the nation as well.

Obama told thousands gathered at Georgia Tech Tuesday that he is trying to make it easier for them to pay back student loans. He is aiming to clamp down on the private companies that service federal student debt.

He acknowledged the modest move isn’t a “silver bullet.” But he says America needs the world’s most skilled and best educated workforce to compete in the global economy. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Education; Society
KEYWORDS: imperialpresidency; obama; salliemae; studentloans

1 posted on 03/10/2015 12:21:29 PM PDT by Olog-hai
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To: Olog-hai
Yeah, they have to service him first.
2 posted on 03/10/2015 12:22:15 PM PDT by Steely Tom (Vote GOP for A Slower Handbasket)
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To: Olog-hai

From obozo’s radical Marxist perspective this makes perfect sense. Why? Because, with a handful of exceptions (Hillsdale and Liberty come to mind) these alleged “institutions of higher learning” are cranking out thousands of new brainless, critical thought deficient socialist democrat supporters every year. It’s the illegal immigrant thing for citizens.
And, while we’re on that subject, WHERE THE HELL ARE THE ALLEGED “CONSERVATIVES” IN CONGRESS as he continues to push his enemies — that’d be US — into the intellectual if not physical gulag. Trust me when I tell you that the PHYSICAL GULAG awaits!
It’s a page from the Hitler playbook that, given another few years, might have done the job, to wit:

“When an opponent declares, ‘I will not come over to your side,’ I calmly say, ‘Your child belongs to us already... What are you? You will pass on. Your descendants, however, now stand in the new camp. In a short time they will know nothing else but this new community’.”
Adolph Hitler Speech November 1933

Be afraid. Be VERY AFRAID!


3 posted on 03/10/2015 12:24:24 PM PDT by Dick Bachert (This entire "administration" has been a series of Reischstag Fires. We know how that turned out!)
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To: Olog-hai

Sending your bill collector to jail.

A sure-fire strategy for a Democrat sweep in ‘16.


4 posted on 03/10/2015 12:25:17 PM PDT by Buckeye McFrog
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To: Olog-hai
This is simply more pandering to the entitlement mentality that is running our nation's colleges. If you didn't want to pay for your four years of worthless commie agenda teachings you shouldn't have signed up to pay! Now take your worthless degree in “The Psychology of French Renaissance Color Schemes” AND GET A JOB!
5 posted on 03/10/2015 12:28:51 PM PDT by high info voter (Liberal leftists would have "un-friended" Paul Revere!)
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To: Olog-hai

Geez, no mention of the outrageous costs that most colleges charge.


6 posted on 03/10/2015 12:30:56 PM PDT by rocksblues (The Obama administration the most unlawful, corrupt administration in US history.)
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To: Olog-hai; All
"Obama aims to clamp down on federal student loan servicers"
FR: Never Accept the Premise of Your Opponent’s Argument

The constitutional problem with Obama and federal student loans is the following. The states have never delegated to the feds, expressly via the Constitution, the specific power to regulate, tax and spend for intrastate schooling purposes.

All that federal student loans do, imo, is win votes for corrupt, Constitution-ignoring DC politicians”

7 posted on 03/10/2015 12:34:30 PM PDT by Amendment10
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To: Olog-hai

most skilled and best educated

Perhaps if students started taking REAL classes instead of “insert liberal cause” studies we would have a better workforce.

Trade skills are valuable.


8 posted on 03/10/2015 12:36:51 PM PDT by rfreedom4u (Do you know who Barry Soetoro is?)
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To: rocksblues
... no mention of the outrageous costs that most colleges charge.
Even more outrageous since so many have multi-billion-dollar endowment funds.
9 posted on 03/10/2015 12:58:55 PM PDT by oh8eleven (RVN '67-'68)
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To: Olog-hai

“He is aiming to clamp down on the private companies that service federal student debt.”

Translation: disaster for everybody.


10 posted on 03/10/2015 1:43:49 PM PDT by lowbridge
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To: lowbridge

Great, Obama making it easier for me to pay off my college loan. Which means my loan just went up, I will “accidentally” be in default and my bank account will be seized.


11 posted on 03/10/2015 1:47:40 PM PDT by EQAndyBuzz (Islam is the military wing of the Communist party.)
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To: Olog-hai

Driving banks out of bidness? That would be a first for Zero. He better watch out; the Powers That Be ain’t gonna like this.


12 posted on 03/10/2015 3:33:15 PM PDT by backwoods-engineer (Blog: www.BackwoodsEngineer.com)
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To: Olog-hai
If Obama wasn't an affirmative-action dolt, and puppet for the Left in the universities, he'd see that digitizing college texts and YouTubing lecturers would reduce college costs IMMENSELY.

But he's not a bright fellow, and he would also never jeopardize the free money flow to the Left in this country.

Better to posture like the buffoon that he is about "student loans".

13 posted on 03/10/2015 3:41:03 PM PDT by kiryandil (making the jests that some FReepers aren't allowed to...)
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To: EQAndyBuzz

If you like your indebtedness, you can keep your indebtedness...


14 posted on 03/10/2015 3:41:54 PM PDT by kiryandil (making the jests that some FReepers aren't allowed to...)
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To: Olog-hai

Jugears The Foolboy. LOL!


15 posted on 03/10/2015 3:42:22 PM PDT by kiryandil (making the jests that some FReepers aren't allowed to...)
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To: rocksblues
Geez, no mention of the outrageous costs that most colleges charge.

They could digitize college texts and YouTube the best lecturers.

Of course, that would put the college bookstore scam out of business, and most college lecturers would suddenly become unemployed. :)

16 posted on 03/10/2015 3:44:24 PM PDT by kiryandil (making the jests that some FReepers aren't allowed to...)
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