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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And later….


70 Responses to “President Obama Reduces The Burden Of Student Loan Debt”


  1. 9 Liberal Librarian
    June 9, 2025 at 6:43 pm

    Howdy all.

    • 10 Bobfr (@Our4thEstate)
      June 9, 2025 at 6:47 pm

      Good one, LL.

      I was typing the following in a response to a tweet that Donna had posted near the bottom of the previous thread and then noticed that a new thread had been launched ….

      As I noted in a tweet late last night …

      … we live at a time of #PeakGreed and #PeakHate in America. The two are inherently connected.

      Fear and hate are the currency of the #Kochs, the #MIC & other American #Kleptocrats. The more wealth they have amassed the more they must stoke the fear and hate because without those two currencies flowing throughout American society their ability to ravage the environment and to profit from proliferating the populace with vast amounts of weapons and ammunition will be significantly impaired.

      If we don’t stop them on 4 Nov 2014, what we’ve witnessed just since Sandy Hook (more than 35,000 Americans killed by guns in barely 18 months v ~ 2200 killed in 17 years of war in Afghanistan) will certainly be eclipsed by even more violence and the concomitant escalation of fear.

      #LandslideDEMS2014

      Yes We Must

      • 11 jacquelineoboomer
        June 9, 2025 at 9:33 pm

        First thing I thought of when I saw your tweet and #4Nov14SHOWDOWN was that we should all meet at “High Noon” that day to VOTE!

    • 12 prettyfoot58
      June 9, 2025 at 7:34 pm

      In America….White Supremacy…Racism….have a certain normalcy… This Anti-Government fervor…always has a racist edge to it…

      In the Blk community …Racist Terror has always presented a threat…aka The Klan who brought the terror in the night…lynching… Police Brutality…..etc…There have been tweets stating that if Blk Men decided to open carry….well you know what would happen….

      Why is it so hard for Americans to see white men as Domestic Terrorists…and why hasn’t the Press called them out?…White Priviledge

  2. 13 CarolMaeWY
    June 9, 2025 at 6:44 pm

    Thanks NW for the great post. Where is everyone? Chips told us you had a post with pics ready? Have way too many tabs open, need to close some. . .

  3. 16 Nena20409
    June 9, 2025 at 6:44 pm

    Good Evening TODers ;)

  4. 17 donna dem 4 obama
    June 9, 2025 at 6:46 pm

  5. 18 donna dem 4 obama
    June 9, 2025 at 6:47 pm

  6. 22 donna dem 4 obama
    June 9, 2025 at 6:49 pm

    I guess there is no sense being coy about it.

    • 23 Liberal Librarian
      June 9, 2025 at 6:56 pm

    • 24 MightyPamela
      June 9, 2025 at 7:37 pm

      Keep talking dood, and the GOP will be sending the american taliban after you and yours.

    • 25 jacquelineoboomer
      June 9, 2025 at 9:40 pm

  7. June 9, 2025 at 6:52 pm

  8. 27 pkayden
    June 9, 2025 at 6:53 pm

    President Obama does it again! Thank you, President for showing that you care about the 99% of us.

  9. 28 Bobfr (@Our4thEstate)
    June 9, 2025 at 6:57 pm

    Our Ambassador Pyatt and his team are quite skillful in their use of Twitter. A couple of his recent RTs …

    • 29 Bobfr (@Our4thEstate)
      June 9, 2025 at 7:02 pm

      • 30 Bobfr (@Our4thEstate)
        June 9, 2025 at 7:02 pm

    • 31 hopefruit2
      June 9, 2025 at 7:32 pm

      Very interesting developments Bob. I notice the US Media has almost stopped talking about Russia. I don’t see any pics of Shirtless Putin circulating on Twitter anymore…I wonder why…

      • 32 globalcitizenlinda
        June 9, 2025 at 7:39 pm

        I know that you and others here know the reason why - when PBO is winning something many previously criticized for, then it time for the media and gop to move by pretending that issue is no longer a priority (or as many repeatedly tell us “PBO’s Katrina”)

  10. 33 donna dem 4 obama
    June 9, 2025 at 6:59 pm

  11. 34 desertflower
    June 9, 2025 at 7:07 pm

    READ IT, SPREAD IT.

    http://www.thedailybeast.com/articles/2014/06/09/from-las-vegas-to-georgia-the-nra-has-created-a-monster.html

    • 35 donna dem 4 obama
      June 9, 2025 at 7:09 pm

      • 36 desertflower
        June 9, 2025 at 7:15 pm

        Thanks, dd:)

      • 37 prettyfoot58
        June 9, 2025 at 8:03 pm

        The past month’s mass-shooting death toll is the logical conclusion of the gun group’s leaders’ deluded approach to our safety.

        ^^^^^^^^^^^^^^^^^^^^^^

        Look how he talks about the gun leader….calls him deluded
        there are many things to call the gun leader….deluded is not one of them…..

  12. 38 donna dem 4 obama
    June 9, 2025 at 7:08 pm

    TOD go give our College Kay some love. She’s gonna be great tomorrow!!!

  13. 48 Bobfr (@Our4thEstate)
    June 9, 2025 at 7:08 pm

    Spandan’s latest!!

    “GOP and NRA’s Bloody Hands: White Supremacist Domestic Terrorists Shooting Up America”
    http://www.thepeoplesview.net/main/2014/6/9/gop-and-nras-bloody-hands-white-supremacist-domestic-terrorists-shooting-up-america

    • 49 prettyfoot58
      June 9, 2025 at 7:57 pm

      The Money Line…..
      Yet our national media lacks the journalistic integrity to fulfill the purpose of the first amendment: state the facts plainly and without regard to entrenched interests. Hence, we watch the coverage of these events in terrifying high definition, nonethewiser about their root cause. With clear evidence and the high frequency of these hate events, the role of our media has gone from ignorance to complacency

  14. 50 Bobfr (@Our4thEstate)
    June 9, 2025 at 7:10 pm

  15. June 9, 2025 at 7:15 pm

  16. 54 Liberal Librarian
    June 9, 2025 at 7:16 pm

  17. 55 donna dem 4 obama
    June 9, 2025 at 7:18 pm

    Encore….

  18. 56 vcprezofan2
    June 9, 2025 at 7:19 pm

    Most likely Pres. Obama’s fault

  19. 62 desertflower
    June 9, 2025 at 7:25 pm

    Let’s review. 14 Points of Fascism. Look familiar?

    http://www.rense.com/general37/char.htm

  20. 63 desertflower
    June 9, 2025 at 7:30 pm

    Do I laugh, or cry? http://www.rawstory.com/rs/2014/06/09/gop-rep-global-warming-is-a-hoax-because-dinosaurs-went-extinct-without-car-pollution/

  21. 64 globalcitizenlinda
    June 9, 2025 at 7:32 pm

    amazing how a few, loud but well-financed hatemongers with media platforms, can use vitriol to make voters numb & almost accepting things that were once fringe;

    there was a time when a huge majority would recoil from the gunning down of law enforcement agents in broad day light;

  22. 65 Dudette
    June 9, 2025 at 7:39 pm

    Woot!

  23. 67 Dudette
    June 9, 2025 at 7:40 pm

  24. 68 Dudette
    June 9, 2025 at 7:41 pm

  25. 69 Liberal Librarian
    June 9, 2025 at 7:42 pm

    This image has jump started an essay. Hope to have it ready for tomorrow.


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