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Obama Breaks Down Student Loan Overhaul (Student loans will be forgiven!!!!)
Foxnews ^ | 3/30/2010 | Staff

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 ...


TOPICS: Breaking News; Culture/Society; News/Current Events
KEYWORDS: academia; academicwelfare; education; ivyleaguewelfare; obama; obamamoney; studentloans; welfare
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To: Red in Blue PA
"And the Money Kept Rolling In" from Evita

And the money kept rolling in from every side Eva's pretty hands reached out and they reached wide Now you may feel it should have been a voluntary cause But that's not the point my friends When the money keeps rolling in, you don't ask how Think of all the people guaranteed a good time now Eva's called the hungry to her, open up the doors Never been a fund like the Foundation Eva Peron

Rollin' rollin' rollin', rollin' rollin' rollin' Rollin' rollin' rollin', rollin' rollin' rollin' Rollin' rollin' rollin', rollin' rollin' rollin' Rollin' rollin' rollin', rollin' rollin' rollin'

Rollin' on in, rollin' on in Rollin' on in, rollin' on in On in

Would you like to try a college education? Own your landlord's house, take the family on vacation? Eva and her blessed fund can make your dreams come true Here's all you have to do my friends Write your name and your dream on a card or a pad or a ticket Throw it high in the air and should our lady pick it She will change your way of life for a week or even two Name me anyone who cares as much as Eva Peron

[chorus]

Rollin' on out, rollin' on out Rollin' on out, rollin' on out On out

And the money kept rolling out in all directions To the poor, to the weak, to the destitute of all complexions Now cynics claim a little of the cash has gone astray But that's not the point my friends When the money keeps rolling out you don't keep books You can tell you've done well by the happy grateful looks Accountants only slow things down, figures get in the way Never been a lady loved as much as Eva Peron

[chorus]

Rollin' on out, rollin' on out Rollin' on out, rollin' on out On out

Eva!!! When the money keeps rolling out you don't keep books You can tell you've done well by the happy grateful looks Accountants only slow things down, figures get in the way Never been a lady loved as much as Eva Peron

[chorus]

Rollin' on out, rollin' on out Rollin' on out, rollin' on out Rollin' on out, rollin' on out On out

41 posted on 03/30/2010 8:56:57 AM PDT by 444Flyer (Obama's long war against America is in progress.)
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To: Red in Blue PA

Buying votes. Isn’t that illegal?


42 posted on 03/30/2010 8:57:04 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: Red in Blue PA

Encouraging more people to get degrees in worthless subjects. Our manufacturing base may be located in China, but at least we’ll have a glut of women’s studies major’s.


43 posted on 03/30/2010 8:57:06 AM PDT by eclecticEel (Life, Liberty, and the Pursuit of Happiness: 7/4/1776 - 3/21/1980)
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To: Red in Blue PA

This is pure Pelosi (new name for BS). With no jobs, more kids will go to school, get loans and owe the fed. Right now if you owe, you are not forgiven for any loans. All those young people will be slaves to the Fed for 20 years. Obviously 0’s cronies and whoever is behind him are thinking ahead to enslaving the youth. No job? The Feds will assign one to you.

And since they have been planning on taking over the country since the 1920’s, they are in no rush, they know they can win.


44 posted on 03/30/2010 8:57:29 AM PDT by huldah1776
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To: Red in Blue PA
New borrowers who assume loans after July 1, 2014

And of course us old borrowers who followed the rules get screwed.

45 posted on 03/30/2010 8:57:32 AM PDT by Domandred (Fdisk, format, and reinstall the entire .gov system.)
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To: Red in Blue PA

OBAMA MONEY.....FROM HIS STASH !"

Not only are we gonna continue paying for their food, medical, housing, walkin' around money, and utility bills; we'll now get to pay for their attending college....

Is this a great country for parasites, or what?

46 posted on 03/30/2010 8:57:43 AM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: RummyChick

doctors with big student loans are most welcome to sign up for obamas new Ready Reserve army, also formed in the “healthcare bill”

your choice, suckers- bankruptcy, or a lifetime of govt service with no exit, subject to involuntary call up at the president’s sole discretion


47 posted on 03/30/2010 8:57:52 AM PDT by silverleaf (Karl Marx was NOT one of America's Founding Fathers)
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To: Abathar

Yeah...it’s a big printer.


48 posted on 03/30/2010 8:58:12 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: Joe 6-pack

He who pays the piper, calls the tune.


49 posted on 03/30/2010 8:58:13 AM PDT by listenhillary (Capitalism = billions raised from poverty, Socialism = billions reduced to starvation)
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To: Red in Blue PA

Did I hear correctly that he wants to forgive up to 68% of tuitions for Black Colleges? This is reverse descrimination.


50 posted on 03/30/2010 8:58:40 AM PDT by RC2
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To: downtownconservative

Mo’redistribution of wealth.


51 posted on 03/30/2010 8:58:46 AM PDT by Dr. Ursus
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To: WhyisaTexasgirlinPA

Have you seen this?


52 posted on 03/30/2010 8:59:49 AM PDT by Arrowhead1952 (Remember in November. Clean the house on Nov. 2nd.)
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To: Red in Blue PA

Next, the administration will be shocked—SHOCKED—as tuition keeps climbing through the roof.

Meanwhile, McDonald’s will announce that cashiers will need a minimum of a B.A. in English to work its counters.


53 posted on 03/30/2010 8:59:51 AM PDT by JeffChrz (Dr. Atlas will shrug.)
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To: Red in Blue PA

So it’s even more socialist than we thought.

THIS HAS GOT TO F-ING STOP.


54 posted on 03/30/2010 8:59:54 AM PDT by RockinRight (Obama Logic: Global Warming causes blizzards, and deficit spending balances budgets.)
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To: Red in Blue PA

It all really depends on whether this hypothetical doctor is white, or Black.....


55 posted on 03/30/2010 9:00:16 AM PDT by Gaffer ("Profling: The only profile I need is a chalk outline around their dead ass!")
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To: east1234

“We won’t be able to overturn this one.”

Why not? It doesn’t start until 2014...why can’t it be reversed?


56 posted on 03/30/2010 9:01:37 AM PDT by Kimberly GG ("Path to Citizenship" Amnesty candidates will NOT get my vote!)
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To: Red in Blue PA

I’d prefer it if they would ban some student loans from being made. There are private schools that offer their own loans, and rip off the students - who are then hit with huge payments.

No, the young student shouldn’t accept the loan in the first place - but these are like used car sales. The people who get hired for the job are good at talking inexperienced people into taking the loan.

My son did, without ever telling us. $30,000 student loan, little chance of finishing the school (he’s a poor student, but the school doesn’t care how bad his scores are, they got the cash up front). The folks that run these schools rank right up there with the loan people just outside of military bases, trying to rip-off 18 year olds just away from home.


57 posted on 03/30/2010 9:01:44 AM PDT by Mr Rogers (I loathe the ground he slithers on!)
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To: JeffChrz

Can you say “Government University”?


58 posted on 03/30/2010 9:01:53 AM PDT by listenhillary (Capitalism = billions raised from poverty, Socialism = billions reduced to starvation)
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To: Red in Blue PA

Welfare for Harvard and Princeton...


59 posted on 03/30/2010 9:02:18 AM PDT by Buckeye McFrog
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To: Red in Blue PA
More welfare for the moochers in society.
60 posted on 03/30/2010 9:02:25 AM PDT by Major Matt Mason (ClimateScandal.org)
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