Candidates debate student debt

By on November 9, 2011
Obama and Paul

Ron Paul’s plan

three decade inflation of 100%, college tuition up 500%

root of the problem is the Federal Reserve

no cuts in student loans for those relying on or soon to be relying on them

programs to be administered on state, local and private levels

Read Jeremy Stull’s opinion on this plan here.

 

Barack Obama’s plan

Implements changes in student loan procedures next year instead of 2014

Reduces monthly loan payments from 15 to 10 percent of income

20 year debt forgiveness plan instead of 25

Loans from both Federal Family Education Loan Program and direct federal aid can be consolidated with lower interest rates

Read Jamie Hill’s opinion of this plan here.

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