Professional educators have already padded their nest with the money.
Yes, the taxpayers.
The real beneficiaries are the anti-Americans in academia.
College is free!
Just add it to the tab, geez.
The people who are really screwed are those who choose not to go to college because they could not afford it and could not afford to go into debt.
Many young people would have taken that deal if it had been offered to them up front, but instead they did the honorable thing and didn’t go into debt, or took much smaller loans + pay-as-you-go when meant they spent years longer getting their degree. Some of them probably gave up because the financial struggle was too great ... but they could have taken the loans and basically had them forgiven.
Let's make sure they hit democrats hardest: higher taxes on the entertainment industry, no deductions for state and local taxes, and no tax exemptions for public universities.
As I’ve said before, one thing I’ll remember about the Obama years will be feeling stupid for working and paying my bills.
(executive order capping payments at 10% of their income, no matter how much they owe. After 10 years, their debts are entirely forgiven if they work for the government or a nonprofit.)
I thought this was already the case
I paid off my student loan ... it took me 6 years! But it was paid off in full when I was 6 years out of college. A proud day for me. I paid mine, why do I have to pay somebody else’s?
Extorting money from taxpayers to give liberals a free ride.
All he has to do is add free condoms, booze, and drugs and he has them for life.
As if there aren’t enough non-profits already, expect to see a boom in that sector. Hell, I could found one, hire kids at internship income rates to keep down their loan repayments.
This action is legal for him to undertake where in the Constitution?
Love it! Thought the FR poster had taken some appropriate editorial liberty in correctly identifying the true domicile of this Lizzie nutjob. Actually the IBD editorial writer knocked Lie-A-watha right out of the park with the D-Leningrad!
Obama is Kenyan for ‘Tax and Spend Liberal Marxist,’
This is the same setup as the great housing bubble collapse of 2008 - hang on to your wallet....