Later in this speech, Obama shares his story of loan debt after marrying Michelle and taking many years to finally pay off this joint student debt. He also shares about a time he communicated with a dental hygenist student who falling into a deeper debt in paying for her school because she is having to pay $4 for a gallon of gas. Obama promises her, as well as every other college student in the world, that this time will pass and they will be able to afford, and finish, their schooling. According to this plan, Obama is going to cause a major increase in our national debt. Although, with people getting the money to afford college, we are going to see an increase in the job demands since there will be more degrees being accomplished. Obama has thought a very good plan in making people help the community by earning 100 hours to recieve the $4,000 but many people will begin to achieve this, if they haven't already. http://www.msnbc.msn.com/id/25214156/ns/politics-decision_08/
"I was given love, and I was given support, but most importantly, I was given an education that put me on a pathway to my dreams. So was Michelle," states Obama during a speech.
Monday, April 4, 2011
Obama Promises Tuition Tax Credit
President Obama is promising struggling college students to help pay for college due to his student loan debt. For $10 billion a year, Obama is promising $4,000 in tuition for each student who achieves 100 hours of community service. A campaign, involving an Illinois Senator, expresses how they are struggling with rising fuel prices, educational costs, and other family demands. Campaigns like this are used to promote the presidents plans to help these families in need during the tough economic times.