The Wall Street Journal reports on the socialist control of higher education. Here's the new Obama plan:
Mr. Obama wants to accelerate an "income-based repayment" option to forgive more student debt and limit monthly repayments for graduates earning low salaries. Thanks to the 2010 law, this change is already scheduled to take effect in 2014. But in Denver he said, "I'm here to announce that we're going to speed things up. We're going to make these changes work for students who are in college right now. We're going to put them into effect not three years from now, not two years from now—we're going to put them into effect next year."There's more:
It gets even more expensive for taxpayers when student borrowers take a "public service" job after graduation, thanks to a program that began in 2007. "Public servants" can get all of their remaining federal student-loan debt forgiven after only 10 years. This applies to government employees such as teachers and to workers at nonprofits.An article well worth your time.
