Page 53 - Student Loan Program News Today

Part of the effort that house republicans are trying to make and also republicans in the senate to try to take a bite out of what you call the debt bomb but youre runing into some pretty strong headwinds. >> well, i think, the american people ought to ask the following question. first of all, were going to have to borrow $1.6 trillion. that is 1.6 trillion, over the next 10 years to fund the student loan program. that used to be a private program that was run privately, that the government didnt...

race on the garden state parkway in new jersey. the police were allegedly leading. >> up first, ready to kick the reelection campaign into high gear. the president and first lady will hold the first rallies next week. in virginia and ohio. if the presidents two-day, three-state college swing this week is any indication, the administration is trying to stirrup a youth movement. its using the federal student loanish issue to o do it. >> congress needs to act right now to prevent interest...

Ideas on the student loan program. he used the opportunity to take a shot at you and your party. listen to this. >> our members are talking about the student loan problem, created by democrats, and trying to find responsible way to fix it. >> given that it was democratic congressman george miller from california that came up with the current loan system in a bill passed under president gork w. bush, what is speaker boehner talking about? >> thats called dodge and deflect. he is not talking about...

Affordable would sure help. it would sure help. now, i am going to have a specific request for you. i am going to need your help, iowa, but let me briefly tell you what we have already done to try to make college more affordable because i am not just interested in talking the talk. i want to walk the walk. before i took office, we had a student loan system where tens of billions of taxpayer dollars were going to banks who were the middleman on the federal student loan program. so they were getti...

top of the hour. want to get you up to seed. newt gingrich gets ready to pull the plug on his presidential campaign. sources telling cnn gingrich is going to officially end his run for the white house next week, throw his support behind mitt romney. gingrich expected to help republicans try to win back the senate and hold onto the house. here is what he said earlier today. >> were going to stay very, very active. were working out the details of our transition and well have information ...

By the way, that was building on top of legislation we passed a year ago that said instead of sending $60 billion to banks to manage the student loan program lets give it directly to students so that millions more young people can afford a college education. we enacted several newç initiatives to help returning veterans find jobs and get trained for those jobs. the kind of -- the kind of outstanding young men and women that chris was talk about who come home. i was up in minnesota who met a yo...

Manchurian candidate. maybe shed be better off listening to forrest gump. >> take a look at china. >> in the land of china, people hardly got nothing at all. >> no possessions? >> in china, there are no student -- there is no student loan program. >> in china, they never go to church. >> in china, theres no food stamp program. theres no afdc program. theres no retirement program, either. im not saying that i want the united states to be china. im just a piece of dirt stuck here in a rut. ever si...

College and i dont pay that money back, and the government pays back the bank, i then owe the government. question, can the government modify the terms of the loan with me in order to make me vote for the government? and the answer is, yes, when the student loan program came into existence the president was given the power to do this. it has never been done, and so obvious a vote-getting way as this president is doing it, but regrettably congress gave the president the power to do it. it was wro...

And earn double miles on every purchase every day. whats in your wallet? was gonna say that. uh huh... >> welcome back, everyone. president obama is trying to revamp, as you were, the student loan program and he promises that its going to save big money. >> because of the change, about 1.6 million americans could see their payments go down by hundreds of dollars a month and that includes some of the students who are here today. >> but will taxpayers end up footing that bill? joining me now, hous...

Analysis is technically legal but it is a stretch for him to do this and it was not the intent of congress to do this at this time. >> let me ask you about david axelrods comments yesterday, he said fixing the economy is a panacea. in other words, its a lot of these little types of things that the president is doing like the student loan program that will all encompass a solution to fixing the economy and he went on to blame republicans saying that republicans are willing to tear down the econom...