The Senate on Wednesday voted not to move forward with a student loan reform bill from Sen. Elizabeth Warren (D-MA), a proposal that would have allowed an estimated 25 million people to refinance their student loans.
President Obama will make his Tumblr debut on Tuesday at 4 p.m. to answer questions about higher education.
President Obama will issue an executive order Monday afternoon that will permit at least 5 million people to cap their student loan payments at 10 percent of their monthly income.
The federal government posted a $41.3 billion profit on student loans last fiscal year, while student debt soared past $1 trillion.
President Obama has gone on a college-affordability blitz over the last week, preaching to choirs of students that his new proposals will make college cheaper and easier to pay for.
President Obama shares his education reform proposals with students at the University at Buffalo.
Michelle Obama connected with voters during her moving opening night speech of the Democratic National Convention on Tuesday. She was smart, extremely likable and the perfect spokeswoman for the American president as she talked about "the unflinching sacrifice" her parents and husband's family made so their kids could have the "chance to go places they had never imagined for themselves."
Is President Obama right about a looming student loan debt crisis? It depends on how you define “crisis.” But there is a problem, and it is real.