Refer to the following exerpt from Obama’s State of Union Speech:
“And let’s discuss it an additional 1 million students which when they graduate, they will be compulsory to compensate usually 10 percent of their income on tyro loans, and all of their debt will be forgiven after twenty years — and forgiven after 10 years if they select a career in open service, since in the United States of America, no one should go pennyless since they chose to go to college.”
Related posts:
- WHAT ARE YOUR THOUGHTS ON THIS PART OF OBAMA’S STATE OF UNION SPEECH?
- WORK 3 JOBS FOR COLLEGE & GET LOANS – REP. RYAN
- BUILDING A CREDIT SCORE: COLLEGE STUDENTS MAY FIND IT MORE CHALLENGING THIS YEAR
- HOW DO COLLEGE STUDENTS SURVIVE WITH LITTLE INCOME, BUT BIG BILLS. 10 POINTS FOR THE BEST ADVICE. THANK YOU?
- STIMULUS PAYMENT FOR COLLEGE STUDENTS?
{ 9 comments… read them below or add one }
They wont need to find work. The government will own them.
WoW, as soon as that becomes a law i’m gonna exploit it and take out thousands of dollars of student loans and way over do it. I think i really like it… I do..
Gonna be an awful lot of Micky D’s popping up all over the place and boarder crossers will have competition.
I like the bit about public service. Work for the government and you don’t have to pay your debts! It’s the motto.
Ask the people who voted for Obama.
Such intelligent people on here. Considering owing $40,000 for a 4 year degree is very likely. let’s say a starting wage of $30,000 a year, with a 2 percent increase per year. The orginal amount would in less than 13 years. with another 7 years of payments of left. Before the loan would be excused. So run out and get a student loan, you will get rich.
Even going into public service, and paying for ten years will result in the majority of the loan being paid back. Do the math.
What does one have to do with the other?
I graduated College in 1984, in between Reagan/Bush’s massive 1982 and 1989 Recessions. The job market looked pretty bleak, but after taking a few second-choice jobs, I and everyone else I know of eventually ended up with work of some kind.
My name is Adam from SCOTLAND, George Rueben Loan Company is a legit company. I have been scam 4 times, until a friend of mine that has be favored by the company gave me their e-mail address and phone numbers. I contacted them for a loan of $70,000 USD. They send me a form which I filled and agreed to their terms and conditions and thereafter the loan of $70,000 USD was deposited in my account. You can contact them with this e-mail address, georgeruebenloancompany@yahoo.com
Hello every one,
My name is Mrs Rose Smith I live here in USA and i am talking as the happiest person in the whole wild world today and i told my self that any lender that rescue my family from our poor situation, i will tell the name to the whole wild world and i am so happy to say that my family is back for good because i was in need a loan of $58,000 USD to start my life all over as i am a single mum with 2 kids and the whole world seemed like it was hanging on me until i met the GOD sent loan lender that changed my life and that of my family, a GOD fearing lender,Mr Steve Davidson Of Davidson loan financial Incorporated, he was the savior GOD sent to rescue my family and at first i thought it was not going to be possible until i received my loan of $58,000 US dollars and i will advise any one who is in genuine need of a loan to contact Mr Steve Davidson via stevedavidsonloan32@yahoo.com OR stevedavidsonloan@live.com
because he is the most understanding and kind heated lender
i am posting this message in yahoo answers every day in order to express my ever lasting gratitude to Mr Steve Davidson