Obama's New Student Loan relief Program Ignores the Real Problem – College CostsSubmitted by bobbyw24 on Wed, 10/26/2011 - 06:31
Analysts: Obama Student Loan Policies Ignore the Real Problem – College Costs
(CNSNews.com) – As President Obama prepares to roll out new student loan relief programs through executive order on Wednesday, policy experts say actions taken by the administration to date have not targeted the root problem – the rising cost of college tuition.
The president plans to announce steps he will take to assist people struggling to pay off their student loans. They will not require congressional authorization.
The announcement in Denver will take place on the final day of Obama’s three-day trip through western states. It also comes at a time when many of the Occupy Wall Street protesters are demanding forgiveness of student loans.
“I don’t think he would go as far as student loan forgiveness, but even if it’s just increasing federal subsidies, it’s problematic for a number of reasons,” Lindsey Burke, an education policy analyst for the conservative Heritage Foundation, told CNSNews.com.
“Any time you increase subsidies for student loans you are saying to the three-quarters of people who did not graduate from college that you are going to put the burden of paying for college on their backs – even though they did not attend college,” she said.