[Red in Blue PA]

More obama-money!

[ErnBatavia]

[Abathar]

The man must have a big stash somewhere...

[Voter62vb]

tithing? no, just paying back a loan

[SumProVita]

Evil is good and good is evil. And let us reward irresponsibility.

Dumb....and dumber.

[RummyChick]

what about those students before 2014???

I bet there are a lot of doctors with big student loans

[dinoparty]

WTH ??? Is there a cap on how much they can borrow ???

[avacado]

"10 percent of their discretionary income"

"discretionary income"? Are you kidding me! That makes it all meaningless!

[nina0113]

I like that ‘discretionary’ part - that means that if you spend all your money on a home and car you couldn’t afford if you were actually making the payments you should, your discretionary income will be so minuscule that you can get the 10% for the loan payments from under your sofa cushions.

[autumnraine]

“as well as supporting historically black and minority institutions “

Got that whitey?? Your day in the sun is OVER!

Good God.

[Tijeras_Slim]

Slim’s a Chump, Volume 12

Paid back student loans on time on original terms.

This guy is really starting to tick me off.

[henkster]

So if I understand this correctly, young people are now economically encouraged to stay in an expensive out-of-state or private college as long as they can, and rack up a massive student loan balance. When they graduate, they will basically be paying just interest because of the 10% cap, and that interest will be tax-deductible. After 20 years, the taxpayers will pick up the difference (probably through more debt pile on taxpayers).

This man has absolutely no clue about human nature and economics. The Americans who elected him are fools and they’ve destroyed our county.

[penelopesire]

“According to the White House,...”

Stopped reading right there...lol..they lie about EVRYTHING!

[goodnesswins]

"will have their loans forgiven after 20 years".....yeah, if we make it until then....

[norraad]

Geez, that makes all of us who paid back our loans in full with interest feel real good.

[onemiddleamerican]

It's gonna be just like Christmas every day!

Lawzy!

Massa Obama is the bes massa I done evah had!

[Lazamataz]

Where’s mine? I went to school a while ago. Where’s my forgiveness?

[Overtaxed Patriot]

Certain students, of course. Just sayin.

[LostInBayport]

"New borrowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discretionary income and, if they keep up with their payments over time, will have the balance forgiven after 20 years."

An attempt to kill the profit motive in a capitalist society. Also an attempt to mollify medical professionals for the impending low wages under Obamacare.

[ThePatriotsFlag]

I still remember the day when I walked into a Bank in Bradenton, FL 4 years after I graduated from college ... with my new wife and baby and handed them a check that finally paid off my student loan. It was a huge moment for us and an expensive moment. But we did it. Now ask me again if I think getting out of a student loan is fair!

All we are doing is teaching these kids, Obama's stash will take care of it ... not to worry. With no "lessons" nothing is "learned."

[dead]

10 percent of their discretionary income

So basically, you need to make sure you buy or rent a living space expensive enough to maximize your non-discretionary spending, so you make the absolute minimum student loan payments for 20 years. Then the debt disappears!

Or more acurately, your debt gets paid by other Americans, which is free money to you.