Obama Signs Student Loan Legislation
November 9, 2010 by admin
Filed under Student loans
Finalizing two major pieces of his agenda, President Barack Obama on Tuesday wrapped up his health care overhaul and turned the government into the primary lender of federal Student loans by stripping private banks out of the process. (March 30)
thank you Obama, help people who are already involved with predatory lending companies like Sallie MAE!!!
Taking businesses away from business and giving it to UNIONIZED FEDERAL GOVERNMENT WORKERS who will campaign for Obama. We really need to dump these Democrats. FAST!
You think its just coincidence that Obama has Mexicans looking over his shoulder, right there, one looking like a mexican maid? You don’t think Obama knows who he has to suck up to these days to get re-elected. Amnesty of illegals could easily happen during lame duck session. We should see more of the real Obama very soon.
OBAMA THE SOCIALIST. America’s #1 con man. While competing against Hillary clinto , did you hear anything from Obama about this SOCIALIST takeover an industry ?
Of course, not! Another reason he is now called “Obama, The Liar”.
@diznab900 Yeah, obama we love you for fucking everything up, thanx bro
@Retic92 EXXXXactly
Now education is the key to another bail-out just like Fannie Mae and Freddy Mac!! Don’t worry about student loan, after 10 years, we will have a Healthcare economic meltdown any way!!
@jjacks81 He talks too much. . .
And this had what to do with Health Care?
Hey Obama Thanks Bro! Education is the key to opportunities!
I find it hard to believe Obama doesn’t like lobbyists when over 4000 just wrote the health care bill. Anyway, how about a real solution Soetoro? How about stopping student loans all together so that Colleges can’t charge outrageous prices for an education even the dumbest of students can figure out is a rip off? Now, all you’ve done is force more dependency on the government. But thats what you really want isn’t it?
I find it hard to believe Obama doesn’t like lobbyists when over 4000 just wrote the health care bill. Anyway, how about a real solution Soetoro? How about stopping student loans all together so that Colleges can’t charge outrageous prices for an education even the dumbest of students can figure out is a rip off? Now, all you’ve done is force more dependency on the government. But thats what you really want isn’t it?
we need jobs,what good is an education if you do not have jobs
obama i love you, thank you so much, fuck the republican hypocrites
Touchy subject. Query: How did you pay for your college expenses Mr. President? Answer: The records are sealed and I ain’t talkin’.
Oh My. Run! Hide! Obama is up to his fascist, marxist, maoist, nazi tactics again. What a terrible thing. . . . . run for the hills. Imagine! Making it easier for our kids to atten college. . . A conspiracy. . . . he’s trying to take over our youth and turn them into brown shirts. Oh. . . . . . woe is me!!!!
If anyone thinks this guy is helping students, why is every state having to make massive education cuts to balance their budgets? He is lying!
Government take over?? What exactly is the government taking over when it comes to education? They have been funding poor students through subsidised loans, Pell grants, and other forms. They’re trying to stop private agencies from raising interest rates whenever they feel like it. Have any of you dumbasses ever paid for your own education before? It’s fucking expensive. It’s also nerveracking to know Sallie Mae could raise your interest rate to 25% if she wanted to.
Government money drives the cost up
wherever the biggest gov. programs are . . . there you will see the highest inflation
so does this mother fucker know how to do anything except spend money?!
Sounds like universities will contiue to have access to guranteed funds that will only ensure they can continue to increase tuition costs at an alarming rate in perpetuity. As always this is an example of the gov thinking they are solving a problem only to create new ones. And the people cheering eat it up.
@scubaguy30 ,
Since when do professor have union?
They can’t even cut costs by using one pen.
This was badly needed.
Bush/Cheney removed regulations on the lenders & once a student missed a payment the rate soared to around 30%. Before long a $10K loan turned into $30K with all kinds of fee – and no bankruptcy or even death will keep it from soaring more. We needed to bring sanity back to the program.
Great, now the schools will have even more incentive to raise tuitions.