Posted on 03/30/2010 8:46:30 AM PDT by Red in Blue PA
He will also talk about the provision's less controversial expansion of Pell Grants, as well as supporting historically black and minority institutions and caps on student loan repayments.
According to the White House, "New borrowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discretionary income and, if they keep up with their payments over time, will have the balance forgiven after 20 years."
(Excerpt) Read more at whitehouse.blogs.foxnews.com ...
It’s on purpose as well.
Preserve your buying power (silver, gold),
or even “pre-buy” everything you’re going to buy (food, etc),
but whatever you do, get out of a “cash position” on savings.
Does it say anywhere, how they will enforce the government service payback. I know the dr’s have to give back time but how are they going to enforce it.
I have a family member that is a professional student for the last 5 years.(30 years old) On welfare, medicaid, subsidized rent(if any) only has to pay utilities, “internet service” phone etc. He also needs a social life. Very high on his life agenda.
He is the type to say screw em to giving back on the service side. And he is typical of most of Obie’s supporters. Will they jail them or just fine (LOL) them.?
He has a whole fleet of US Air Force bombers at his disposal. It would be a lot easier just to package up the money and drop it all over the USofA.
Yes, this is just more redistribution of wealth. I am so sick and tired of this class warfare society.
You do realize he now has the opportunity to shape the college enrollment figures. If you are in a Christian program, your loan will be denied. If you are in a program that he believes will not advance HIS agenda, ...loan refused.
Who decides what is discretionary? One guess, a vote for the dems qualifies you!
Obama also stated that if you work in the public sector, the time would be reduced to 10 years.
When I saw this, my blood came to a FULL BOIL immediately, and I wanted to jump out of my chair and scream: "OBAMA'S MONEY? THAT'S MY DAMNED MONEY!"
Un.
Frickking.
Believable.
This is where we are now. And that little ARA logo...anyone ever look into that one?
Retributions...he said he would do it and he is trying.
Retributions...he said he would do it and he is trying.
(Student loans will be forgiven!!!!) = make someone else pay for it,Obama shell game still on place your bets now.
Does this mean we should spend our kids college savings and let them borrow? We’ve been fighting to just get them back up to pre-fall of 2008 amounts and are get close to getting back to even on them. Might as well spend them on my big new house while interest rates are low, construction workers are begging for work and before hyper inflation sets in on materials. Again, we get screwed for living right, paying our bills and savings from day one for their college.
boy was I a chump to work hard to pay off mine
Good thing we don’t have white colleges for we might be called racist. BET tv, black college funds, black history month. Oh me oh my what IF black was white and how loud they would scream.
0bamanomics: Punish success, reward failure!
Seriously. I think a concerted effort should be made to find out where he got the cash to go to school. My guess: Chicago mob or more likely, communist party.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.