Obama and Student Loans

"Living with student debt has now surpassed credit card debt...That's not a fair way to get started" - President Barack Obama, University of Colorado, Denver

Finally! It isn't the exact bailout that we all wanted for our student loans, but it's some type of reform to help college students in need. The only question is: will it really affect as many students as Obama claims? The best way to find options to help with student loan debt is to research and always stay informed. You're ultimately the person who can really help yourself in your financial situation. Most importantly, don't stay in the dark about your debt!  Don't understand something?  Don't ever be afraid to ask your former institution's financial aid office questions that you need assistance with.  If you graduated and you're currently unemployed, talk with representatives about your options about a payment plan which will work for you. If you're unsure of any paperwork that needs to be filled to get extended time, then call and ask and then call and ask some more until you are fully aware. The point is never to depend on some elected official who doesn't really know you or your situation to get you the help you need. Despite this loan reform, there's other things you have to watch out for and know if this will even affect you in the long run.


Here are some links to keep you informed and educated about Obama's Student Loan Reform!

3Qs: Evaluating Obama's Student Loan Reform

Obama's historic loan reforms could impact UR

Who will benefit from Obama's student loan reform?- CBS news