One of the big changes President Obama is proposing along with health care, is student loans and who will be issuing them. College has become very expensive which has led more and more students to need student loans just to to make it through.
One of the unfortunate results of this very high tuition is that many college students now graduate every year and they begin their working life in debt. This, along with the very difficult job market, has put many college students and graduates in a bad financial position.
With the new proposal, Obama student loans would mean that private companies are taken out of the student loan business and it is taken over by the government. President Obama concludes that these private companies are charging too high an interest rate and the government can issue these same loans at a lower rate. This, he concludes will be good for the students and will make college more affordable for many.
While this may make sense on the surface, there are may different perspectives to this debate and that is the purpose of this blog. We will discuss all the pros and cons to the student loan debate as well as any other Obama policy which might be of interest.
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