Of course he will go for the young, student “cool” vote with a repeat of his populist campaign message from 08.  What is really amazing is how many people will fall for the same message again, despite the fact that he didn’t deliver on most if not all of his campaign promises.

I really liked this clip.

I will say I was rather surprised the President didn’t mention that this isn’t him asking for some “ungodly commie program,” but an extension of an EXISTING law. Sort of like the GOP wants to increase then extend into eternity tax cuts for the uber-rich, you know.

And 3.4% isn’t ridiculously low, as I’ve seen others claim elsewhere. Checked what you get on ordinary savings tools (savings accounts, CDs, etc.) and checking account lately?

Stafford Loans (not Standford) are federal student loans made
available to college and university students to supplement personal
and family resources, scholarships, grants, and work-study. Nearly
all students are eligible to receive Stafford loans regardless of credit.

Presently, low fixed interest rate - Stafford loan rates for the 2011-
2012 school year are as low as 3.40%  The fixed rate means it cannot
be raised for the lifetime of the loan.  The Republicans want to raise
that to 6.8% or double under the Ryan Plan.  That plan would decimate
every and all social programs.  Better get off the derriere and let your
Congressmen/women know if you want that Plan passed…or not!  It
looks like Republicans hate the middle working class, the poor working
class, and the poor non-working class. 

Stafford Loan Forgiveness is a student loan forgiveness program for
people who meet certain requirements. If you don’t qualify for federal
loan forgiveness, consolidating your student loans can help ease your
repayment. Consolidation can stretch the repayment term from 10 years
to a maximum of 30 years, making the monthly impact on your cash flow
much lower.

There is no substitute for gift money (Pell Grants).  There’s a hitch.
The Federal Pell Grant Program provides need-based grants to low-
income undergraduate and certain postbaccalaureate students to
promote access to postsecondary education. A Federal Pell Grant,
unlike a loan, does not have to be repaid.  However, the maximum
Pell grant, say for the 2011-12 award year (July 1, 2011 to June 30,
2012, is $5,550.  There is hardly an education at the college level
that can be had for $5,550.  Check out college tuitions and you will
see that it is a drop in the bucket.  However, if one can qualify, it is a
grant, meaning it is like a gift, and does not have any repayment
involved.  If qualified, it would be worthwhile to apply for a Pell, then
get the rest in Stafford or other type loans, for instance mine is with
Sallie Mae.  When I got my loans (they were multiple as I progressed
through to my graduate then post-graduate work.  The interest rate
was 9%! at the time.  I will have to see if I can refinance the loan at a
lower interest rate.  Good luck Shenonymous!  I am not optimistic.  I
will be paying on the loan for many years to come probably for the
rest of my life. The interesting thing is that when I die, and I still have
a student loan not yet paid off, guess what?  They are extinguished and
do not become part of the debt service that might be owed from one’s
estate. One’s family is not saddled with paying it off out of estate
proceeds, if there are any.  I don’t know if that feature is part of every
student loan.  I’m glad I had them available to get me through school.

“Obama Slow-Jams the News but Avoids Mention of the Empire”

Best,
Alan

OK, as much as I hate to admit it I must agree with Shenonymous, Obama was Cool.

That being said, Standford Loans are no substitute for Pell Grants!

Obama is cool.  And of course he has plans to assist the students.
It is the self-serving Republicans who want to decimate education
at all levels and sink the students who would be smart enough to
put them out of business.

Obama is such a tool.

IMO the pres has no plans to assist students.  He thinks he’s slick enough to get student votes with just talk.  Students are probably too dumb to reject his BS. Down and down we go.