Page 3 - Student Loan Programs News Today

Money that the president is trying to divert from military construction projects that are as a result of the national emergency day he declared after he failed initially to get this approved through congress. thats a total of $12.2 billion. now, how is he going to pay for this all? through domestic spending cuts. $2.7 trillion in spending cuts. thats everything from student loan programs, environmental protection, transportation and welfare assistance, foreign aid, a range of programs as the pre...

And the cost of college, and that kind of is a ratchet that keeps going. i assume that you think that would be even more so if you gave free college to even. >> yeah. if you give free college, first of all, where are the colleges going to get their money p? right now they get some of it from student tuition. the presumption here is somehow the government is going to write checks to colleges for whatever tuition fee they set. well, we know how thats worked over the last 30, 40 years since we put ...

In washington that matters. but the bottom line is they want more access to government contracts, to government research projects. they want -- there are any number of agencies that spend man at institutions around the country. and the hbcus want a bigger piece of that. they also want the changes to student loan programs because so many of their students are dependent on financial aid. this was a criticism during the obama years that were changes that hurt black and minority students at these sc...

Unions coming out and opposing her. there is going to be questions from elizabeth warren. she sent a lengthy letter to devos asking about her views on higher education for example, and how she might manage student loan programs that are overseen by the federal government. as you know thats been a big issue for senator warren and other progressives who stan on a platform for free education for all americans. i think you are going to be seeing focus on that as well. it hasnt been escalated to the ...

University and author of "why government fails so often." good morning to you, peter. okay, so why does government fail so often? >> there are a lot of reasons. their incentives create the wrong incentives for people to do things. the v.a., for example. the idea to raise the numbers rather than to serve people well and on time. sometimes programs are designed to fail. the farm subsidies program, for example, everybody knows the money is going to the wrong people but they have very strong interes...

Money. lawmakers could wiped up cutting back on other benefits to take care of the student loan programs. but hes been making it a real centerpiece of his administration for a couple of reasons. one, there is concern that as students get out there with a lot of debt they are not helping spend money on buying things like buying a house. randi? a tragic story in australias remote south. a man was snatched from his boat on sunday by a 15-foot long crocodile. he was pulled from the boat as his fam...

Welcome back. were anticipating remarks from the president on student loan reform. hes expected to expand on a 2010 law to make more people applicable to cap their student loan programs at 10%. the president is expected to speak immediately after this individual so were going to go to this live. he should be on momentarily. >> to introduce a true champion for students, parents and graduates nationwide. please join me in welcoming president barack obama. >> thank you, every. everybody have a seat...

Shannon, stand to make billions of dollars off student loans? >> reporter: jon, you know the president made clear as he spoke to college campuses last few years that reforms to student loan programs have been a top priority for his administration. support is of concept by the government taking more direct control of lender this would provide a more cost effective system for students. here is matt chingo of the institute. >> the problem that existed back then was poorly designed. private lenders ...

We give them pour in the constitution. and not only in this administration, it is bureaucracy that are entrenched in their model and protecting the bureaucracy than doing their job. >> good to have you on today. thanks. >> new report finding that a department of education stands to make billions of dollars off of student loans amid president obamas repeated requested to make college more affordable. >> over the next decade. department of education could generate 127 billion in profit off student...

Havent been shared and theyre very concerned about that the reason they havent been shared is the lack of upward mobility [ bleep ] i got out of school, out of harvard business school, i had what in those days was quite a lot of student debt. so what did i do? shared an apartment with some other guys in new york. saved up. each month gradually paid down the debt and eventually worked my way out of it. people nowadays seem to feel that they can borrow the money, and as i understand it, some of th...