Obama’s loan plan will boost tuition, debt

Obama’s Pay As You Earn plan limiting loan repayment encourages students to borrow more and colleges to charge more, writes a business analyst. Taxpayers will get the bill.

College tuition is rising the fastest at public universities and community colleges, driven by big increases in California. College costs are taking a larger share of family income.

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  1. Obama’s latest gimmick is nothing more than political pandering. It’s meant to buy votes, not fix the debacle known as the education bubble. It is akin to giving a diabetic the keys to a candy store – nothing good can come of it.