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Obama will push student loan change in University of Iowa visit Wednesday

This news story was published on April 21, 2012.
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James Q. Lynch, CR Gazette –

President Obama will visit the University of Iowa in Iowa City Wednesday as part of his effort to get Congress to prevent interest rates on student loans from doubling in July.

According to the White House, more than 7.4 million students with federal student loans will see their interest rates double July 1 unless Congress steps in to keep them low. For each year Congress allows the rate to double, the average student with these loans racks up an additional $1,000 in debt.

“At a time when Americans owe more on student loans than credit cards, President Obama believes we must reward hard work and responsibility by keeping interest rates on student loans low so more Americans get a fair shot at an affordable college education, the skills they need to find a good job, and a clear path to middle class,: according to a statement from his press secretary.

The White House will also kick off a social media effort using Twitter, Facebook, and Google+, centered around the hashtag #DontDoubleMyRate.

The visit is part of a three-state tour to campuses. On Tuesday, Obama will visit the University of North Carolina at Chapel Hill and the University of Colorado at Boulder. At each stop he will speak with students about the critical need for Congress to act.

It will be the president’s second trip this year to Iowa. Following his State of the Nation speech in late January, he visited Conveyor Engineering and Manufacturing in Cedar Rapids.

It would be his second visit to the UI campus as president. The last was in March 2010 in the Field House. He visited Iowa City numerous times as a candidate. He also delivered an Earth Day speech on the Pentacrest in April 2007, visited the Medical Education and Research Facility in May 2007 — when he first announced his health care reform plans — and visited the Memorial Union in October 2007.

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4 Responses to Obama will push student loan change in University of Iowa visit Wednesday

  1. *Larry* Reply Report comment

    April 22, 2012 at 1:57 pm

    The problem with an awful lot of student loans is that the students take extra funds to cover vacations and other shit not even related to the education! That’s where the crackdown is needed! One gal we know even brought a moped with a student loan. What the Hell?????

    Obimbo is out looking for the Socialist vote for sure. These college kids not only will have education loans to repay but they will also have to cover Obimbo’s runaway spending, stimulus checks, & God help them if Obimbocare is not recalled! Will there be enough young folks to cover all the government costs created by the ‘Baby Boomer Generation” ?

    I feel sorry for the future of kids of America !
    Yes – I am a conservative and damn proud to be one When will Lee Greenwood sing a new song entitled “God Help The U.S.A.” ????

  2. Buzz Crumcutter Reply Report comment

    April 22, 2012 at 7:59 am

    Yeah…its an election year and he needs to pander to as many people as he can!

    • Kinkyh Reply Report comment

      April 22, 2012 at 8:17 am

      A true satan:
      Satan has been depicted in many ways: as a man with horns, goat hooves, a pointed tail, a pointed beard, and a pitchfork; as a dragon; and sometimes as an angel with large batlike ears!!

  3. john Rowe Reply Report comment

    April 21, 2012 at 7:13 pm

    Maybe he will explain why he put student loans and student loan lending into and inside of Obamacare…