Comments on: Obama will ‘forgive’ student loans

By: Student loans government

Student loans government — Fri, 13 Jan 2012 19:04:41 +0000

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By: krisletmebme

krisletmebme — Mon, 06 Jun 2011 03:17:50 +0000

This sounds wonderful. I hope this will come to pass real soon! I REALLY could use it to improve my finances.

By: Stacy

Stacy — Thu, 20 Jan 2011 06:52:51 +0000

The program is like volunteering to have your earnings garnished.

By: Jessie Kibodeaux

Jessie Kibodeaux — Mon, 22 Nov 2010 01:41:53 +0000

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By: Starspire

Starspire — Thu, 20 May 2010 04:28:49 +0000

Cool avitar…

By: chuck

chuck — Sun, 18 Apr 2010 04:59:19 +0000

do you all know that to have $10k forgiven by Mr. Obama you will have to join his civil army that he is implementing.do your homework people nothing is free ever.they use the work volenteer ,organizer ect but in the end it’s control of you what you do how you do it for who you do it and you will never advance to anything beyond what the goverment dictates to you that is not right read the truth this is very dangerous.it’s not what it sounds like.educate yourselves on this issue before you jump into the fire.

By: Up by my bootstraps

Up by my bootstraps — Sat, 03 Apr 2010 14:59:30 +0000

I was $25,000 in debt to SallieMae when I graduated college some years ago. The student loan program is very generous and forgiving. When I had times where I wasn’t earning much, I was able to postpone payments; when I decided to go back for a Master’s degree, they put my payments on hold. Eventually it took me a total of 10 years to pay it off, but I did. I didn’t look to others or the government to help me out. These whining college students today need to just tough it out (maybe really they don’t need the latest Blackberry or the hottest car) and pay up. It’s not a free ride – it’s called meeting your responsibilities – also known as being an ADULT. Grow up, you weenies! Stop expecting a handout from those of us who are responsible.

By: Ryan

Ryan — Thu, 28 Jan 2010 03:30:53 +0000

This is crap. I was 60K in debt when I graduated college and I worked my a@@ off to get it paid off. Now I have to pay higher taxes to pay for this crap. I am soooo sick of these politicians spending. Some advice to those who have high student loans. Work your a@@ off and save and pay them off. The American way is to work hard, not to have a government hand out.

By: Len

Len — Wed, 20 Jan 2010 04:48:52 +0000

I really really pray that he pushes this through. Corporate America is raping America’s youth. We are in large amounts of debt long b4 we ever get a chance to get a piece of the so called American Dream. PPL wonder why the economy is so bad. College costs and loans put many ppl in the hole for thousands of dollars right out the gate. They have too much power to ruin credit and thus many ppl’s lives. Something must be done. If Obama does fix this problem then he’s a sure fire win for a second term. The youth of American would back him 120%

By: Mz. Thang

Mz. Thang — Sun, 30 Aug 2009 00:34:37 +0000

Nigga make it happen!!!

By: jt

jt — Thu, 20 Aug 2009 02:54:13 +0000

I agree with you all

By: Pete

Pete — Wed, 22 Jul 2009 22:22:29 +0000

more detials — In addition, the new “Teach grants” that this year started paying up to $4,000 a year to those studying to be teachers in needy schools will turn into costly mistakes for the vast majority of recipients, she says. Teachers who do not end up working in classrooms that qualify as “high need” will see those grants they received while in school turn into loans. Jones says the Education Department’s experience with other similar programs indicates 80 percent of the recipients of Teach grants will have to pay them back with interest. The problem, she says, is that newly graduated teachers are having trouble getting hired by what she called “dysfunctional” but needy schools.

Robert Shireman, director of the Project on Student Debt, says that people should realize the new public service forgiveness program will help only those who take low-paying public service jobs. Borrowers who take on high-paying government or nonprofit jobs will have to pay off their loans, he said.

By: Pete

Pete — Wed, 22 Jul 2009 22:21:18 +0000

More details – The public service loan forgiveness program that will begin in 2009 makes good headlines, Diane Auer Jones, assistant secretary for postsecondary education, told attendees of a Washington, D.C., College Savings Foundation conference this month. But many idealistic students hoping to get out from under their federal education debts will be sorely disappointed, she says.

“Guess what? You have to make 10 years of payments,” before the remainder of the loan is forgiven, she notes. And most federal education loans are 10-year loans, which means there will be nothing left to be forgiven.

The Education Department is worried “some students will see the program and take on more debt than they would have otherwise, not realizing it is unlikely that most of it will be forgiven,” she says.

By: Pete

Pete — Wed, 22 Jul 2009 22:13:26 +0000

Devil in the details… today a student can get a Federal Family Education Loans, or FFEL. These types of loans are typically offered by private banks and lenders…. these loan come with NO STRINGS ATTACHED…. If President Obama gets his way, these FFEL loans with no longer exist, leaving the only Federal Loan program is the one KI mention above… you the student will have no choice…. this is a sly way of more gov’t taking more control of your lives

By: Pete

Pete — Wed, 22 Jul 2009 22:09:08 +0000

Devil in the detail…. here is where they tell you where you have to work FULL TIME Employment: The borrower must be employed full-time in a public service job for each of the 120 monthly payments. Public service jobs include, among other positions, emergency management, government (excluding time served as a member of Congress), military service, public safety and law enforcement (police and fire), public health (including nurses, nurse practitioners, nurses in a clinical setting, and full-time professionals engaged in health care practitioner occupations and health care support occupations), public education, early childhood education (including licensed or regulated childcare, Head Start, and State-funded prekindergarten), social work in a public child or family service agency, public services for individuals with disabilities or the elderly, public interest legal services (including prosecutors, public defenders and legal advocacy on behalf of low-income communities at a nonprofit organization), public librarians, school librarians and other school-based services, and employees of tax exempt 501(c)(3) organizations. Full-time faculty at tribal colleges and universities, as well as faculty teaching in high-need subject areas and shortage areas (including nurse faculty, foreign language faculty, and part-time faculty at community colleges), also qualify