Many people around the world have felt the affects of the economy in our country. Job loss, school funding budget cuts and two words students dare not utter–financial aid–have all been topics in this year’s presidential campaign.
Like many Americans, we’re beginning to feel defeated by our government. This November brings hope and promise. Hope that our nation’s president will be re-elected because a win for Obama is a win for us.
Many students have voiced their opinions on who they feel should win the election, but some are still undecided. This year’s election has touched topics that affect us as students and our lives after graduation.
President Barack Obama is working on creating millions of jobs to help our economy blossom, but how can students worry about getting into the job field when they can’t afford to pay for their educations? Obama is working on that as well. So far, the president has eliminated subsidies to private lender middlemen of student loans. He has also significantly expanded Pell Grants, which help low income students pay for college.
So what does a win for Obama mean to students? He plans intends to implement his “pay as you earn” plan. The proposal will speed the process of an approved loan repayment plan and will decrease your monthly payment from 15 to 10 percent of your discretionary income as of 2014. That plan will also grant the balance of borrower’s debt to be forgiven after 20 years of payment rather than 25.
This was just one aspect of Obama’s plan if re-elected. Our votes are more important now than ever before. For those who are undecided, go out and research what else Obama has planned to better our nation. And remember on Tuesday, November 6, 2012, go out and VOTE!