President Barrack Obama gained much support from the younger generations in the 2008 election. In hopes to regain the strong youth support, Obama has taken a new initiative to lower student loan costs. Through his website and online video, he encourages younger people to forward and tell others about the plan. The author views this initiative as an attempt to gain votes while addressing the issue about the rising costs for a college education. On Wednesday the 26th, Obama formally proposed his plan at the University of Colorado Denver's campus. His plan was signed in 2010 and he has pushed up the date that it will start initiating just in time with the upcoming election. The plan proposes that a student will not have to pay more than 10% of their income a month for his/her student loan and all remaining debt will be forgiven after 20 years of payment or 10 years if he/she is a public servant.
Personally, I understand that Barrack Obama pushed up this plan so that he could gain votes, but what is wrong with that? If we can get benefits faster, especially for those who see the price tag of college and cringe in fear, then there is no harm done. Elections encourage the current president to create more programs that will benefit America and that is a great incentive.
http://www.washingtonpost.com/blogs/44/post/obama-2012-campaign-seeks-to-capitalize-on-presidents-student-loan-intiative/2011/10/26/gIQAReBJLM_blog.html
Personally, I understand that Barrack Obama pushed up this plan so that he could gain votes, but what is wrong with that? If we can get benefits faster, especially for those who see the price tag of college and cringe in fear, then there is no harm done. Elections encourage the current president to create more programs that will benefit America and that is a great incentive.
http://www.washingtonpost.com/blogs/44/post/obama-2012-campaign-seeks-to-capitalize-on-presidents-student-loan-intiative/2011/10/26/gIQAReBJLM_blog.html
