Student loan debate shifts spotlight to young voters

College students were the center of attention Tuesday as Republicans and Democrats spent the day trying to woo the fickle voting block.

President Obama took the day off from the Oval Office to promote the extension of interest rate cuts on government-run student loans on Late Night with Jimmy Fallon.

Tuesday morning  Mitt Romney’s campaign held a call with reporters to point out that the cost of attending college has increased 25 percent under the Obama administration. It’s heavy handed management of America’s higher education system have increased costs dramatically, said  campaign spokespersons. The campaign said the government should get out of the student loan business, “and let the free market back in.”

Romney agrees with Obama, though, that the interest rate cuts on Stafford student loans should be extended.

Today, Obama will speak at the University of Iowa, where he will likely give the same speech he gave at the University of North Carolina (UNC) and at the University of Colorado – Boulder on Tuesday.

Obama’s speeches attempted to connect primarily with college students who have accumulated debt through student loans, but he also discussed his upcoming appearance on late night television with Jimmy Fallon and the Dave Matthews Band. At UNC he reminded students that their school was his pick to win the NCAA March Madness tournament.

President Obama noted that tuition and fees for colleges have nearly doubled, but he recalled his efforts to curtail these increases differently than his presumptive opponent for the presidency.

Obama said that since taking office, he had fought tooth and nail to get private banks out of the student loan process, which he said leads to more government involvement in the process.

“We cant price the middle class out of a college education,” he said.

Obama, who declined to vote on the original bill to temporarily reduce interest rates on Stafford Loans twice in 2007, said he told Congress “to steer federal aid to those that keep tuition affordable.” To universities he warned that “if you cant stop tuition from going up every single year, a lot faster than inflation, then funding you get from taxpayers, at the federal level, will go down, because we need to push colleges to do better and hold them accountable.”

Although the appearances were official White House visits, Obama took time to criticize House Republicans for not supporting the  extension of cuts to interest rates on the Stafford loans. Obama chided Republicans in Congress for saying  they would cut other financial aid to offset the costs of the student loan extension, yet he never mentioned how the interest rate cuts, which will cost $6 billion a year, would be paid for.

Obama also made sure to throw in a nonchalant shout out for investing in clean energy businesses versus subsidizing oil companies.

“I want everybody to be rich,” he said. ” I want everybody to work and hustle and start businesses, study your tails off to get there.”

At the end of his speech, Obama encouraged students to tweet the hashtag #dontdoublemyrate to make their voices heard.

Obama’s will speak at approximately 1 pm today at the University of Iowa. You can watch a livestream of the event on CNN.com.

Comments

Comments

  1. BPO service says:

    His chances would improve if the voting age were dropped to seven years old. After seven, most people can figure out his idiotic “free lunch” promises.

  2. [...] Obama, who declined to vote on the original bill to temporarily reduce interest rates on Stafford Loans twice in 2007, said he told Congress “to steer federal aid to those that keep tuition affordable.” To universities he warned that “if you cant stop tuition from going up every single year, a lot faster than inflation, then funding you get from taxpayers, at the federal level, will go down, because we need to push colleges to do better and hold them accountable.”Source: redalertpolitics.com [...]

Polititainment

George Will to Colbert: Liberals don't want change

Conservative commentator and hapless Chicago Cubs fan George Will swung by "The Colbert Report" Tuesday to plug his new book, "A Nice Little Place on the North Side," but naturally, the conversation didn't stick to baseball.

Clay Aiken: voters 'might wonder' about candidacy

Former "American Idol" runner-up Clay Aiken concedes that voters "might wonder" about his candidacy for Congress for a new ad.

Los Angeles GOP #StandingWithSriracha

Forget #StandWithRand -- the GOP is now choosing to #StandWithSriracha.

WH responds to 'Deport Justin Bieber' petition

Despite the pleas of more than 270,000 Americans to deport Justin Bieber, the White House has chosen not to weigh in on the issue. However, the Obama administration did use a petition calling on the White House to revoke the pop artist's visa to plug President Barack Obama's plan for immigration reform.

Secret Service once threatened Mr. Met

Mr. Met sure has a lot of fans in New York. But the larger-than-life mascot definitely doesn't have one in the Secret Service, who threatened to shoot and kill him if he approached President Bill Clinton, according to a firsthand account.

White House

Donald Trump is really upset with the way Obama walks

President Barack Obama just can't seem to do anything right, especially in the eyes of real estate mogul Donald Trump.

Obama misses 67 percent of his shots playing basketball at Easter event

President Barack Obama went 1-for-3 shooting baskets at a White House Easter event Monday, prompting basketball scouts to question the leader of the free world's scoring ability ahead of this June's NBA Draft.

PETA is peeved with Michelle Obama and used little girls to tell her about it

First Lady Michelle Obama has earned the ire of three young girls. But they're not upset with her less-than-filling "Let's Move!" school lunches. Instead, these youngins are upset about the real eggs used in the White House Easter Egg Roll.

Jay Carney: “Never been a more transparent administration”

Despite consistent objections by journalists that the White House overly restricts press access, Press Secretary Jay Carney believes that there has "never been a more transparent administration."

Jay Carney: Toughest interview for Obama in 2012 was with Jon Stewart

Give comedian Jon Stewart a gold star sticker. The host of The Daily Show was President Barack Obama's toughest interviewer during the 2012 election cycle, White House Press Secretary Jay Carney said on Thursday.

Congress

Arkansas US Sen. John Boozman having surgery

LITTLE ROCK, Ark. (AP) — U.S. Sen. John Boozman is undergoing surgery at an Arkansas hospital.

Republicans are winning the Twitters this year

Congrats, Congressional Republicans -- you're winning the Twitters so far in 2014!

Rep Black: GOP budget makes a path to a bright future

Our nation is $17.4 trillion in debt and out of control Washington spending has no end in sight. In fact, the nonpartisan Congressional Budget Office estimates that on our current trajectory we will return to $1 trillion annual budget deficits by the year 2022.

Cruz: Impeach Holder

Sen. Ted Cruz (R-Texas) pulled no punches when criticizing Attorney General Eric Holder on Thursday, as he called on Congress to impeach the Department of Justice head.

Pelosi: GOP not acting on immigration because of race

House Minority Leader Nancy Pelosi (D-Calif.) pulled the race card when speaking about Republicans' inaction in passing comprehensive immigration reform and said "race has something to do" with the GOP not bringing such legislation to the House floor.