Posts Tagged ‘students

21
Aug
14

Ferguson: A Community Stands Up For Its Rights

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07
Jul
14

President Obama Meets With Teachers

President Obama holds a lunch with teachers at the White House in Washington, D.C. on July 7, 2014. Obama met with the teachers to talk about improving the education system and teaching policies

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19
Jun
14

Chat On!

First Lady Michelle Obama hugs graduate Isiah Guinyard after he was presented with a Student Achievement Award during the DC College Access Program Class of 2014 graduation celebration in Washington, June 19

09
Jun
14

President Obama Reduces The Burden Of Student Loan Debt

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President Barack Obama applauds during an event in the East Room of the White House, where he signed a Presidential Memorandum on reducing the burden of student loan debt. The president said the rising costs of college have left America’s middle class feeling trapped. He says no hard-working young person in America should be priced out of a higher education. President Obama signed a presidential memorandum he says could help an additional 5 million borrowers

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Text of the President’s remarks here

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President Barack Obama signs a Presidential Memorandum on reducing the burden of student loan debt

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Chicago Tribune: Obama Moves To Ease Student Loan Burdens, Urges Congress To Act

President Barack Obama on Monday signed an executive order making it easier for up to 5 million people to pay off college tuition debt, and scolded congressional Republicans for opposing legislation that would lower student-loan borrowing costs. Obama signed an executive order allowing more people to limit repayments of federal student loans to 10 percent of their monthly incomes. The action will not take effect until December 2015. The administration will also try to lower student costs by renegotiating government contracts with companies like Sallie Mae that service student loans, he said.

The president said Congress should also take steps to ease debt burdens on students, 71 percent of whom earn bachelor’s degrees with debt, which averages $29,400. Senate Democrats have proposed legislation that would allow millions of Americans to refinance both federal and private undergraduate student loans at lower interest rates. The bill is unlikely to overcome the opposition of Republicans. “If you’re a Big Oil company, they’ll go to bat for you,” he said. “If you’re a student, good luck.”

More here

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