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Obama Unveils New Plan to Lower College Loan Payments. Will It Help?

Good Morning America 2011/10/27 03:05:44
Related Topics: Obama, College, Loan
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  • Tinka123 2011/10/27 03:51:38 (edited)
    No, the plan doesn’t go far enough!
    Tinka123
    +10
    These answers aren't skewed.

    I guess we know what answer Good Morning America wants - too bad they didn't include us in their poll.

    How about NO - it won't work?

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  • Tactlesspatty 2011/11/04 02:21:19
    No, the plan doesn’t go far enough!
    Tactlesspatty
    This is a very slanted and biased question. My answer is: No it will only make things worse. Government intervention is responsible for the catastrophic increase in tuition in the first place. When Uncle Sam guarantees the loan, the tuition goes up, because they know Uncle Sam is good for it.
  • KingdomNow 2011/10/30 02:38:40 (edited)
    No, the plan doesn’t go far enough!
    KingdomNow
    The goverment has to get out of college funding -The federal government is the primary reason why college tuition is so high for the same reason why government subsidies raise insurance costs, rent prices and medical bills.
  • Old Nellie Bones 2011/10/29 17:13:02
    No, the plan doesn’t go far enough!
    Old Nellie Bones
    This is just another election grab.Nothing more.Hey GMA how about an unbiased poll.
  • Old Nel... Old Nel... 2011/10/29 17:15:53
    Old Nellie Bones
    This why I never watch GMA.
  • mike j 2011/10/29 16:06:43
    No, the plan doesn’t go far enough!
    mike j
    NO ! STOP . Obama and the federal government need to forget about this one. YOU guys in Congress have already enough Public Debt to figure out what to do about . Get back to work on the work at hand and if we need something else from you on college loans or anything else we will gladly at that time let you know it. Go and Finish Work Started, don't take on what we are not asking for.
  • Vieuphoria 2011/10/29 10:21:23
  • Keith 2011/10/29 04:30:58
    No, the plan doesn’t go far enough!
    Keith
    Don't you need a job before you can pay offs loans? And of course this only applies to government loans NOT private
  • mambotango 2011/10/29 04:18:15
    No, the plan doesn’t go far enough!
    mambotango
    how about not getting into that much debt in the first place?
  • Keith mambotango 2011/10/29 04:33:33
    Keith
    I glad daddy was able to put you through school.Silly me, I gave 4 years to the citizens of this here United States 1st
  • mambotango Keith 2011/10/29 04:38:01
    mambotango
    +1
    My parents didn't put me through school. My mother did not go to college herself until she was in her early 40s and she did it by working with no loans. Going to college does not equal prosperity and happiness either.
  • Simmering Frog 2011/10/28 21:01:35
    No, the plan doesn’t go far enough!
    Simmering Frog
    +2
    Obama evicted

    Obama might as well promise 100% free college at this point. This man is pathetic and he's simply doing what's best for him, not what's best for the country.
  • JCD aka "biz" 2011/10/28 10:36:15
    Yes, I think it will make a difference to students.
    JCD aka "biz"
    The cost of college education is outrageous in the US.
  • rustyshackelford 2011/10/28 06:40:40
  • Phil 2011/10/28 03:40:57
    No, the plan doesn’t go far enough!
    Phil
    +2
    The only thing that will come of this is more taxes and more money for politicians. All of Obama's plans are money scams.
  • Edmund Jenks 2011/10/27 22:34:04 (edited)
    No, the plan doesn’t go far enough!
    +1
    I voted NO ... but it is not a matter if The Executive Branch's plan goes far enough or not. I voted NO, it will not help because the indebted student class is being cast into the same role for Government intervention and solution as the banks during TARP. Students are a target for the Government to create an involvement, which will only screw things up even more, just as the Government getting involved in mortgages did not end so well. Instead of punishing banks and other money lenders of student loans ... make the Colleges issue a REBATE - on behalf of those having trouble meeting the terms of their loans - to the Banks! Isn't it time that the real gougers of the students/society be made to pay for their pricing themselves out of a stable market? Just asking.
  • Larry 2011/10/27 16:01:58
    No, the plan doesn’t go far enough!
    Larry
    +1
    It's just a ploy to buy votes from college kids.
  • wpsark 2011/10/27 14:34:56 (edited)
    No, the plan doesn’t go far enough!
    wpsark
    +1
    NO IT WON'T work, it goes too far and the bill is going to be passed on to the tax payer..Just INCREASING the debt...OBAMA'S SUCH A DUMBASS!!!
  • Lanikai wpsark 2011/10/27 15:50:39
    Lanikai
    +3
    I refused to pick one of the two BIASED answers. So I am tagging on you, if you don't mind.

    The break down I saw this morning on MSNBC, showed that a $212,000.00 private college education for 4 years, would mean the student eventually paid back just under $29,000.00 and the taxpayers eat the rest.


    UNFAIR on every level.
  • cher2 Lanikai 2011/10/29 03:33:34
    cher2
    The key word here is PRIVATE College. We still only qualify for the same crappy amounts no matter what college you go to, so the tax payer does not pay the difference. Where did you go to school? Private school is not a state school.
  • Lanikai cher2 2011/10/29 14:45:55
    Lanikai
    If ANY school is able to charge tuition (public or private) and the student who signs up for the loans is only going to have to repay 5% to 10 % that is unfair to the taxpayers.

    Loans at low rates should be available, BUT not for the very best schools or private schools., If you expect taxpayers to pay that, you should have to go to a public community college, then finish the 4 year degree at a public university-WHY should anyone expect the taxpayers to fund a private college education for anyone??

    And why are tax payers going to be forced to pay the taxes to pay for these colleges degrees? If you want to go to college, be prepared to pay for it it is a privilege not a rights.
  • TheR 2011/10/27 13:36:48
    No, the plan doesn’t go far enough!
    TheR
  • Reichstolz 2011/10/27 05:37:17
    No, the plan doesn’t go far enough!
    Reichstolz
    +3
    It is specifically because of the federal influence in student loans that the cost of higher education has risen. Once student loans were made easier to obtain, by federal subsidy, the cost of higher education sky rocketed. Why aren't people blaming colleges for gouging? If your grocery store raised prices 21% year over year, like they did in the UC system, you would see protests in front of the store the very next day. Send the occupy bowel movement to the nearest college campus if they truly want to blame the right people for their lack of ability to find a job and pay their student loans.
  • wpsark Reichstolz 2011/10/27 14:37:18
    wpsark
    +2
    exactly, and that's pretty much the same reason healthcare costs sky rocket too..
  • Reichstolz wpsark 2011/10/27 14:38:53 (edited)
    Reichstolz
    +3
    You are correct the largest health insurer is government, if you want to lower costs you must eliminate the one that controls the game.
  • Lanikai Reichstolz 2011/10/27 15:52:44
    Lanikai
    +1
    faculty and staff salaries at universities have also gone up nearly 400%, as have their benefit and retirement packages-which adds a lot to the costs. PLUS, all of the emeritus staffs that get a huge salary for barely any work, those universities get a LOT of federal research and affirmative action dollars, and they have HUMONGUS salaries no wonder it costs a lot, BUT all taxpayers should not have to eat those costs for some spoiled rich kids to get a private school education, or an Ivy league education.
  • cher2 Lanikai 2011/10/29 03:35:50
    cher2
    Again..tax payers do not pay for Private college. Student loans are all the same amounts. If they don't get paid, then the government can attach your pay. The rest is paid by private loans, or family money. Sorry to rain on your Bash Obama party.
  • Keith cher2 2011/10/29 04:49:58
    Keith
    Both by children went to Private, Non-state state schools and qulified for Pell grants, Fafsa loans and 2 other grants that the names escape me. Do you Know that once the student passes the age of, I think it's 23 (at least in Pa.) 99% of the education is paid for by the government including food plan and on campus housing?? Each one of my children recieved different amounts so..no..they are not the same amounts
  • Lanikai cher2 2011/10/29 14:48:10
    Lanikai
    Under obamas new plan, they DO cover private colleges as all universities are treated exactly the same, and it puts the taxpayer on the hook for everyones college education.

    THAT is unfair in the extreme.
  • ★~DoctorWhoGuru~★ 2011/10/27 05:19:32
    Yes, I think it will make a difference to students.
    ★~DoctorWhoGuru~★
    Yes
  • JohnFitzgeral12 2011/10/27 04:01:16
    No, the plan doesn’t go far enough!
    JohnFitzgeral12
    +4
    GMA, your options are the same. Could you be more obvious?
  • Latti Ice Ganga Gangsta of ... 2011/10/27 03:58:23
    No, the plan doesn’t go far enough!
    Latti Ice Ganga Gangsta of PHAET
    +2
    Inflation and college will be the next bubble to burst.
  • Zeruke Latti I... 2011/10/27 04:36:40
    Zeruke
    +1
    wouldnt be surprised....and im sure it wont help anyone with a student loan when the bubble bursts
  • Lanikai Zeruke 2011/10/27 15:53:32
    Lanikai
    +1
    If they signed up for it, they need to pay it,. They CERTAINLY got the dollar value of it, so .....
  • Zeruke Lanikai 2011/10/27 16:26:10
    Zeruke
    i know people have to pay it off...i for one have student loans but im going to pay it off...its already were i have good credit for the loans because the amount i don't need for school stuff i send right back because i don't want to use it for something stupid

    the only problem is how the job market on paying the loans off
  • Lanikai Zeruke 2011/10/27 16:31:06
    Lanikai
    Well, I have customers who are on the pell grant system and the use their overpayments for wheels and tires. Then they cry about the debt on the small amounts they have to borrow to cover books and tuition AFTER they pissed away their "overpayment" that was supposed to cover that.


    They entire system is corrupt and stupid. If you want to go to school, pay for it yourself.
  • Zeruke Lanikai 2011/10/27 18:03:40
    Zeruke
    the only grant iv ever got was a public school grant which gave about 200 or so....the rest of the 10,000 or so i need is coming from student loans that i usually only have left after all of the supplies needed is 100-250 which i send right back....... i have no idea why people are so stupid to pay for things they don't need....i already know someone who got a new 42+" TV then end up having to pull out a loan because they "forgot" they needed to use the money for housing


    most of the government seems that way right now...and if its not that then there's the gang mentality that is being shown in political parties
  • cher2 Zeruke 2011/10/29 03:41:18
    cher2
    +1
    If you lose your job or can't find one, you can get the student loans deferred. Just let them know. My son has no problem since he lost his job. Now, the parent loans are no different than a personal loan, we have to pay regardless. If we didn't (and we had 4 college grads in 6 years) for which we did take the parental loans for a portion of the tuition, then we would have a problem with our credit at least if e did not pay. But again, taxpayers do not pay for those loans if defaulted on.
  • Zeruke cher2 2011/10/29 04:07:06
    Zeruke
    i know about deferring it but still the need to pay it is there and i believe you can only file for a deferment so many time also....never the less i would want to pay it completely as soon as i can
  • Lanikai Zeruke 2011/10/29 14:49:23
    Lanikai
    Well, if you or the kids took the college money-who do you think whould repay it? All of the working taxpayers?
  • Zeruke Lanikai 2011/10/29 19:10:51
    Zeruke
    +1
    im paying for it the only thing im willing to do is defer it....dont know about any other people in college

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