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MONDAY, NOVEMBER 23, 2009
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Obama Kicks Off Radical College Aid Revamp

The administration's goals are both ambitious and controversial

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(Newser) – President Obama’s education proposals have taken a backseat to the economy and health care, but the changes he proposes in student lending are about to ignite a fierce lobbying battle, the Washington Post reports. Obama’s plan to move all federal funds for student lending to the Department of Education and to expand the Pell Grant program, outlined in his budget passed Wednesday by Congress, would effectively make the grants an entitlement like Medicare and Social Security.

The idea would spell the end of federally insured private lending, shifting some $94 billion over a decade into Pell grants. The aim is to save money by cutting out the middlemen, and to boost access to higher education for those who need it most. Opposition will come from private lenders and GOP congressmen. Wisconsin Rep. Paul Ryan called it "an autopilot entitlement immune from congressional oversight at precisely the time when we should be reforming existing entitlements."

President Barack Obama's education goals are lofty, and to some smack of nationalization of private industry.
President Barack Obama's education goals are lofty, and to some smack of nationalization of private industry.   (AP Photo/Charles Dharapak)
President Barack Obama's education goals are lofty, and to some smack of nationalization of private industry.
President Barack Obama's education goals are lofty, and to some smack of nationalization of private industry.   (AP Photo/Ron Edmonds)
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If you just look at it from the practical aspects of how the program functions, it's really hard to justify. Why do we need a middleman?"
- Rep. Timothy H. Bishop, Democrat from New York

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AnnieChrist
May 4, 09 8:14 PM CDT
"we cannot afford and will never be able to pay for" If it is true, as I have read, the average college graduate makes $1 Million more over a lifetime than a non-grad, each grad will pay about $280K more in taxes. Assuming we help 1 Million kids go to college who would not normally be able to, the program is paying for itself. ($280-300 Billion in tax revenue based on increased earning potential of grads) Subsidize the slackers??!! Any kid from a working class family going to college, in my experience is no slacker. Trust fund babies like bush however do slouch their way thru college, and rarely contribute anything to society after graduation. (See hilton, paris or quayle, dan) "thank him for the largest expansion of Federal support for education in US History..." No I will thank him for adding more layers to an already bloated beauracracy, with no comensurate gains. I also will not thank him for making it harder for children of working class parents to obtain student loans, something you neglect to point out. "No one has a RIGHT to a college education. It should be a meritocracy to gain higher education." Exactly who has said a college education is a 'right.' Higher education is a meritocracy, those who are willing to work hard, study and apply themselves will merit--earn-- their degree. And if our society--in its best interest--makes this education available to those who may not otherwise afford it, I again ask, how can you be against it? "You my dear, are a slacker." True, I am the laziest person I know, but I do think through any comment I make here or elsewhere, something that, judging by your tortured logic and parroted right wing comments, you are too much of a slacker to do.
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northeast
May 4, 09 9:52 PM CDT
The problem is that EVERY kid from a working-class family can go to college. Inevitably, not all of them will be able to gain employment in their chosen fields....the more kids going, the less demand for professionals, and the dropping of wages in those fields. High schools have adopted your argument that "everyone deserves to go to college to better themselves," and the result is a college environment flooded with kids who will NOT find work outside of the service industry.
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northeast
May 4, 09 1:27 PM CDT
Obama's plan makes it laughably simple for any idiot to go to college, and I don't think we need that. Do you absolutely need a masters to teach high school? Do you positively require an MBA to work for a small business? College isn't mandatory, and we need to shake that assumption as soon as possible. I'd like a more German system, where they kick you out of high school if your grades suck and provide money for the kids with actual merit. Reply
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Mr.C
May 4, 09 2:17 PM CDT
If everyone could afford college colleges would become more selective in who gets in.
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northeast
May 4, 09 2:34 PM CDT
I'm certainly for a highly selective process, but restricting financial aid to ability does the same thing...without forcing the government to pay for some Asher Roth-wannabe idiot's beer money.
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