Monday, April 23, 2012
President Obama helps college students
Four years ago Barack Obama promised to make college more affordable.
As president he doubled funding for Pell Grants, reduced student loan payments for millions of borrowers, and capped federal loan repayments at10% of income.
By cutting out the banks as middlemen which cost the government money, tens of billions of dollars was saved which can now lower interest rates for student loans and make more Pell Grants available.
And it didn't cost the American taxpayer anything.
Posted by Randy Slovacek at 3:59 PM