Comments on: Free College with Obama? Not Quite http://freecollegeblog.com/2009/01/02/free-college-obama-proposals/ Scholarships, Grants, Financial Aid Mon, 06 Sep 2010 08:48:47 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Diane http://freecollegeblog.com/2009/01/02/free-college-obama-proposals/#comment-23720 Diane Sun, 14 Mar 2010 23:21:21 +0000 http://freecollegeblog.com/?p=85#comment-23720 We told our kids that if they worked hard in school, stayed off drugs and alcohol, and generally made good choices, they could go to college. We have been lying to them this whole time. We make too much for financial aid, can only just make ends meet, but we can't come up with 10000 a year for college. Guess what kids, all that hard work and you can't go to college! We told our kids that if they worked hard in school, stayed off drugs and alcohol, and generally made good choices, they could go to college. We have been lying to them this whole time. We make too much for financial aid, can only just make ends meet, but we can’t come up with 10000 a year for college. Guess what kids, all that hard work and you can’t go to college!

]]> By: Lorena http://freecollegeblog.com/2009/01/02/free-college-obama-proposals/#comment-8397 Lorena Sun, 24 May 2009 23:40:33 +0000 http://freecollegeblog.com/?p=85#comment-8397 Is Obama offering single parent moms financial aide for receiving graduate degrees? Is Obama offering single parent moms financial aide for receiving graduate degrees?

]]> By: Katherine Bynum http://freecollegeblog.com/2009/01/02/free-college-obama-proposals/#comment-6299 Katherine Bynum Wed, 08 Apr 2009 17:51:42 +0000 http://freecollegeblog.com/?p=85#comment-6299 My son has a $7800 balance at a four year college in Virginia. Due to my credit problems I could not qualify for a Parent Plus. My son and I have put in for all kinds of scholarships hoping to get some relief. If that is not paid before the Fall of 2009 he cannot return. Please share my story and give some help getting this to Congress, etc. My son has a $7800 balance at a four year college in Virginia. Due to my
credit problems I could not qualify for a Parent Plus. My son and I have put in
for all kinds of scholarships hoping to get some relief. If that is not paid before
the Fall of 2009 he cannot return. Please share my story and give some help
getting this to Congress, etc.

]]> By: rick http://freecollegeblog.com/2009/01/02/free-college-obama-proposals/#comment-4338 rick Mon, 05 Jan 2009 18:21:24 +0000 http://freecollegeblog.com/?p=85#comment-4338 College has become the defacto standard if you want to make more than $20k/yr. It also has become a huge burden on students leaving college. I know more than 15 people with $20k+ in loans and at least 4 people that have $50K or more in loans. Why can't there just be unlimited loans from the government. The real problem here is bank officials sitting in offices at colleges pretending to be associated with the college and charging insane rates for borrowing. Perhaps if you are going to college fulltime you can just not get taxed on your income. It would save my wife and I enough money to send one of us to school for the entire year. If we stop helping people that want to get ahead we will have to pay more for them on welfare when all they want to do is smoke crack and have babies. Now THAT costs some serious money and it just starts the cycle over again. Every 16 years. College has become the defacto standard if you want to make more than $20k/yr. It also has become a huge burden on students leaving college. I know more than 15 people with $20k+ in loans and at least 4 people that have $50K or more in loans.

Why can’t there just be unlimited loans from the government. The real problem here is bank officials sitting in offices at colleges pretending to be associated with the college and charging insane rates for borrowing.

Perhaps if you are going to college fulltime you can just not get taxed on your income. It would save my wife and I enough money to send one of us to school for the entire year.

If we stop helping people that want to get ahead we will have to pay more for them on welfare when all they want to do is smoke crack and have babies. Now THAT costs some serious money and it just starts the cycle over again. Every 16 years.

]]> By: collegeloanconsultant http://freecollegeblog.com/2009/01/02/free-college-obama-proposals/#comment-4299 collegeloanconsultant Sat, 03 Jan 2009 14:09:16 +0000 http://freecollegeblog.com/?p=85#comment-4299 With regard to your third point about lender subsidies: Congress already cut these severely in 2007, which is why lenders started leaving the student loan business before the current economic crisis. I think that eliminating the FFELP is probably the reform most likely to occur under President Obama. He has indicated that he supports the Direct Loan program over the FFELP and schools have been switching to the Direct Loan program in droves. As far as any sort of consumer outcry, students and their families are aware that any benefits under the FFELP have disappeared. <a href="http://www.collegeloanconsultant.com/direct-federal-student-loan.html">Direct federal student loan</a> With regard to your third point about lender subsidies: Congress already cut these severely in 2007, which is why lenders started leaving the student loan business before the current economic crisis. I think that eliminating the FFELP is probably the reform most likely to occur under President Obama. He has indicated that he supports the Direct Loan program over the FFELP and schools have been switching to the Direct Loan program in droves.

As far as any sort of consumer outcry, students and their families are aware that any benefits under the FFELP have disappeared.

Direct federal student loan

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