With Student Loan Mess, Democrats Reaping What They Sowed

[Clementine]

In 2007, the Democratic majority in Congress enacted legislation to double interest rates on new federal student loans from 3.4 percent to 6.8 percent in 2012. At a time when tuition is on the rise and employment prospects are low, the pending rate hike would impact millions of college students across the country.

President Obama has said many times, “we can’t just keep subsidizing skyrocketing tuition; we’ll run out of money.” Unfortunately, that’s all the president’s plan does. The long-term costs of extending the rate cut could amount to more than $30 billion over the next five years. With no long-term solution, the president is offering only to punt the issue until after the election when rates would again be scheduled to double – a fact he’s likely to omit as he travels to colleges in swing states over the next two days. If we’ve learned anything from the president’s campaign travels, candor is not usually a priority. No, we’re much more likely to get straw men and demagoguery from the president on the stump this week. Because if the president was looking to be forthright, he’d admit that this looming rate hike is of his own party’s creation.

With Student Loan Mess, Democrats Reaping What They Sowed
With Student Loan Mess, Democrats Reaping What They Sowed | Speaker of the House John Boehner | speaker.gov

 

[Rozman]

In 2007, the Democratic majority in Congress enacted legislation to double interest rates on new federal student loans from 3.4 percent to 6.8 percent in 2012. At a time when tuition is on the rise and employment prospects are low, the pending rate hike would impact millions of college students across the country.

President Obama has said many times, “we can’t just keep subsidizing skyrocketing tuition; we’ll run out of money.” Unfortunately, that’s all the president’s plan does. The long-term costs of extending the rate cut could amount to more than $30 billion over the next five years. With no long-term solution, the president is offering only to punt the issue until after the election when rates would again be scheduled to double – a fact he’s likely to omit as he travels to colleges in swing states over the next two days. If we’ve learned anything from the president’s campaign travels, candor is not usually a priority. No, we’re much more likely to get straw men and demagoguery from the president on the stump this week. Because if the president was looking to be forthright, he’d admit that this looming rate hike is of his own party’s creation.

With Student Loan Mess, Democrats Reaping What They Sowed
With Student Loan Mess, Democrats Reaping What They Sowed | Speaker of the House John Boehner | speaker.gov

Because if the president was looking to be forthright, he’d admit that this looming rate hike is of his own party’s creation.

You're looking for this administration to be honest here in an election year?