In response to:

Obama Thanks Young Voters with Student Aid Cuts

sgale Wrote: Nov 23, 2012 11:24 AM
This article's perspective is like blaming the fireman who comes to put out your house for setting the blaze. Student loan debt has been rising at an increasing rate since the 1980's, along with other consumer debt, since the Reagan administration's economic strategy was to fuel private sector growth with it, on the premise that we would outgrow it. The dramatic uptick in the last 4 years is an attempt by the administration to not let a generation of students fall through the cracks, and let the country's future innovation resources disappear along with the value in the securitized debt market. This is piece that could only be written by a 22 year old ideologue with no understanding of history or economics.

“When I’m president, I will make college affordable for every American.” -- President Obama, 2008

Any student who voted for President Obama--in either 2008 or 2012--in order to cut their college costs was sold a bill of goods. In Obama’s first four years, national tuition prices rose 25 percent and average graduating loan debt rose 16 percent.

Now, the Obama-signed sequester (aka “fiscal cliff”) includes an 8.2 percent cut in non-Pell student aid, an across-the-board cut of more than $140 million. Student loan origination fees will also go up $91 million.