The Presidential Planner: Obama Orders Lower Student-Loan Payments

Obama orders! That is the problem, Obama thinks he is King or a dictator and should not have to answer to Congress or American citizens. Just wish we didn’t have to wait an entire year to get rid of this thug.

This story conflicts with the Home Page story about rising college costs.
I was always taught if you cannot pay for it do not get it. You have these college
professors teaching one class a quarter and making big bucks. And any one has to ask about rising costs.

Finally! Thanks Obama. Who’s the moron who called Obama Dictator or King? Please….the ONLY Dictators or Kings are the BANKERS in this society. Get a grip already.

If somebody wants to go to college they should be smart enough to figure out how to pay for it without expecting everybody else to pay for them. What is with all these people wanting hand outs. Is there no sense of pride anymore? If student loan debt is forgiven, then somebody, somewhere is going to take a loss. And it’s going to be the taxpayer, one way or another.

“If somebody wants to go to college they should be smart enough to figure out how to pay for it without expecting everybody else to pay for them”

The benefits to society from education makes it too important to be a purely marketable commodity.

Lowering the student-loan payment only drags out the loan for a longer period of time…accumulating more overall interest payments along the way…. I guess they don’t teach economics in college anymore and we sure know these students won’t learn it from oBama. The other thing they apparently don’t teach anymore is that a LOAN is meant to be REPAID especially since it was generously provided by American Taxpayers….otherwise it is just another form of welfare…. which of course oBama has been wildly successful at increasing.

What handouts? When you went to the bank and got a loan to buy your house, was this a handout?
The republicans believe anything that helps the middle class is a handout but if it helps the wealthy it’s an incentive.

They believe Social Security is a handout, even though it comes out of American paychecks.

TMFerretti: I agree. And It’s time the GOP stops the bashing and works together for the good of the country. I wouldn’t vote for any of their candidates…is that the best they can do? And then they complain about this President?

BARB

It’s not going to happen; the whole republican agenda is the defeat of this president, nothing else. Jonathan Swift said “We will know when a true genius enters the world because a confederacy of dunces will form against him”. By Swifts criteria, the president is a true genius and the Congressional republicans are the confederacy of dunces.

POSTED BY: TMFERRETTI | OCTOBER 26, 2011, 12:24 PM 12:24 PM. You just made my day, almost fell of my chair. Genius????? You’re right to have you so brainwashed and you blindly follow is priceless.

It’s interesting that it’s always Republicans who “don’t want to work “with Democrats… which means cave to the Democrats. Who can forget President Obama telling Sen. John McCain…. “I won.” ?

Those of us who sacrificed and worked several jobs while putting ourselves and our children through college are suckers. This man now requires us to pay the college bills of all our fellow students as well as our own. I have had it with the Democrats. They do not believe in virtues but instead believe in stealing-stealing from those of us who work hard. Other students with loans had new cars and spent summers in Europe while we worked waitress jobs by night and bank jobs by day. Thanks, Mr. President. We will no longer put up with your thievery. You and your party are so over.

WHERESMYMONEY

You’re wrong about the unions. If the unions had all that power, our teachers would be making a lot more money, instead of making less than Wal-Mart employees. If we want good teachers we need to pay them or they’ll all end up in industry like today.

You republicans need to quit focusing on President Obama and the unions, and come up with something innovative or you’ll go the way of the dinosaurs.

“They’ve instituted some policies that allow them to sustain an economic growth of 9%, mostly in infra structure and education. You republicans need to concentrate less on ideology and more on what works.”

And what’s that exactly?? Some combination of communism, fascism and capitalism mixed together with an abusive and oppressive government?

Maybe our reforms should be more along the lines focusing on science and math, leaving the “green” education and PC jibberish behind. Perhaps discouraging kids entering college from obtaining womyn’s studies or dead language degrees which are useless in the real world and instead focusing on the hard sciences which are truly needed in the job market. Copying China is no the way to go.

As someone who has been paying student loans for over a decade, and since my parents were not fortunate enough to pay for it, I pay it myself – the problem is in the interest rates. Current students are paying pretty low rates while I am stuck at almost 7% with no way to lower that rate. I hope this “plan” includes benefits for older loans like mine. If I was to take a standard repayment plan I’d be paying $1500 a month. It’s ridiculous that someone coming out of school today with the same principal pays almost HALF of that because of the interest rates.

“Income for the wealthiest Americans has nearly tripled since 1979, while remaining relatively stable for the rest of the country, according to figures released this week by the Congressional Budget Office. The numbers offer a striking illustration — the latest one in a long series — of how wide the gap has grown between America’s richest citizens and everyone else.”

You’re wrong about the unions. If the unions had all that power, our teachers would be making a lot more money, instead of making less than Wal-Mart employees. If we want good teachers we need to pay them or they’ll all end up in industry like today.
Posted by: tmferretti | October 26, 2011, 1:26 pm 1:26 pm

1. According to PayScale the average teacher salary for elementary is $40,902 and for high school $43,446. Walmart employees don’t make that until they reach a Manager level. The superintendent of a school averages $158,622. Walmart has 401K retirement. Teachers get full benefits on the taxpayer dime. The average teacher retirement age in the US is 58. Louisiana teachers can retire after 20 years. ON taxpayer money.

2. There are people standing in line to get teaching jobs. They work 9 months a year and get paid for 12.

Your statements are full of non truths. But, I’ve come to expect this from you. This, coupled with pushing for the US to be more like communist China, shows how brainwashed you are. It would be nice to know what schools you went to. I wouldn’t want any family member to go anywhere near those schools.

POSTED BY: WHERESMYMONEY | OCTOBER 26, 2011, 2:14 PM 2:14 PM

So if $40,902 is the average, many teachers earn less that $40,000 a year. This is not the income of a super wealthy, nor pampered person, nor anyone who is ‘draining’ the country. Sounds like you need to talk to some teachers about the job and its demands. I know a number of teachers, it’s no gift. By the way, teachers are still taking holidays at a lower rate than GW Bush did while president. :p

Just J. Joey, the student with delusions of entitlement, you ask, “Who’s the moron who called Obama Dictator or King?” If your excuse for a Social Studies prof (assuning you don’t skip class) were teaching government studies rather than leftist rubbish, you would realize that someone who operates outside of the Constitution, such as Mr. Soetoro, because he feels the Constitution and Congress inhibit his brilliant schemes, that person is behaving as a dictator or king.

Why stop at 10%? Why penalize those dumb enough to pay back their student loans? Why not just grant all student loans 100% forgiveness? Evidently Obama has the power to do this since he feels he has the sole discretion to forgive debt. After all it’s not HIS money to give away. He can do anything he wants. He doesn’t need a Congress to look over his shoulder or provide any check or balance over anything HE decides.

Wasn’t it the Obama administration which nationalized all student loans claiming it will save everyone a huge amount of money? Looks like taxpayers are taking it in the shorts.

Why penalize those dumb enough to pay back their student loans? Why not just grant all student loans 100% forgiveness?

POSTED BY: DAVE WRZESINSKI | OCTOBER 26, 2011, 3:09 PM 3:09 PM

How are students who pay back their loans being penalized? And where does it say student loans are being forgiven? In your imagination?

“The new “Pay As You Earn” proposal will allow about 1.6 million students the ability to cap their loan payments at 10 percent starting next year, and the plan will forgive the balance of their debt after 20 years of payments.” – Dave Wrzesinski

Thanks Dave,
Well there you go Liberals, a new way to “work” the system.
Just say that you have hardly any discretionary income, whatever that is.
10% of hardly anything is nearly nothing.
Pay nearly nothing yearly for 20 years and the bulk of your student loans will be forgiven.
It’s a Progressive Liberal Wonderland, capital city of oBamaville where Losers happily feed from the never ending government teats situated in the town square.
I can smell the bliss through my LCD screen.

Posted by: Dan | October 26, 2011, 3:09 pm 3:09 pm— A starry-eyed Obamabot who still believes in hope and change after nearly three years of epic policy failures calls others delusional. Sometimes the comedy just writes itself.

ALL YES I MEAN ALL STUDENTS SHOULD BE INCLUDED IN THE DECREASED STUDENT LOAN PERCENTAGE OF INCOME REQUIREMENT. Our five children all have student loans. They are all college graduates and three out of five have employment but their degrees in nursing, and marketing do not supply enough income at this stage in their life to make maximum student loan payments and also have the basic necessities of life i.e. food, shelter. One daughter with a degree in teaching (no employment available) is incurring more debt as she is enrolled in nursing school. Our son with a degree in computer science is unemployed. The children together have over $110000 in student loans and need a break! They all are very responsible and will do their best to pay their loans back. But come on lets be fair and let ALL student loans be treated equally!!

All hail King Obama, for he hath decreed all debtors free of their shackles!

POSTED BY: GREGORYOWL | OCTOBER 26, 2011, 9:26 PM 9:26 PM

That’s not what he did. Not understanding what is being proposed is YOUR PROBLEM.

POSTED BY: DAN | OCTOBER 26, 2011, 6:06 PM 6:06 PM. Now its on paper, as Pres. hr swore to uphold ALL laws of the constitution, not just the ones they like. Read the papers filed in court in Alabama where the DOJ states that this administration will not inforce the laws as written in the constitution, because they don’t like them.

Krauthhaummer said Fox economist analyzed Obama’s generous tweaking of repayment and found that it amounts to between 4.70 and 7.70 per month. Not exactly a big deal. DUH.

Its funny how people say college grads should be able to get jobs, and have real expensive smart phones. Im a grad. I have nothing. Married barely gettin by and cant find work.
So how is a family with one income of maybe26000 to pay school loans. The value is higher than a car, and maybe a cheap house.Hm Insultme some more. cuz , its really tough out here.