STUDENT LOANS SKYROCKETED 463 PERCENT UNDER OBAMA

President Obama won two national elections in large part due to the hard work and support of struggling American college students, who believed his promised reforms would alleviate their financial difficulties and souring job prospects.

Five years later, under the president’s watch, cumulative student loan debt owed to the U.S. federal government has increased 463 percent.

CNSNews recently reported that student debt levels have deepened substantially–and at an accelerated rate–during Obama’s time in office. In fact, student debt increased 509 percent faster under Obama than under Bush.

The money is owed directly to the federal government, which has become the biggest player in the student loan game by effectively crowding out private lenders. JPMorgan Chase, for instance, stopped authorizing student loans last month, citing limited growth potential and the unstable debt situation.

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  Mr. Murphy, what are you new around here or something? These little darlins that you seek a break

 for, are for the MOST part the same industrius individuals, who worked overtime to raise funds

and send Obama back for four more years. How about if someone gives the taxpayers a much needed

break? I live in a college town and many of these "poor" young people still defend him! That's right

many(not all) still loves the DOG that bit the hand that fed him. If a student college age can't do the

math and understand how much money is involved in large loans, then maybe they should be back

in middle school learning basic math! I see no reason to help eat the debt your kid incurred getting his college education. If these "young people" mount huge debts going to college, well yes they should be required to pay it back. In closing sir, I think your solution sucks! 

Its simple, you take out a "loan" you pay it back. It was not in a foreign language they did not understand whey they SIGNED a form requiring they would pay the money back. Not much difference from the recent mortgage crisis.

this is one of the reasons Obama and the democrats demonized the banks....Obama saw those banks profiting billions of dollars in the interest payments off those student loans, so Obama said...hey I want that money...so he took it over, and now Obama has billions of student loan interest coming into the government's coffer's.....the same with obamacare....now the government has control of over one/sixth of our economy, plus the complete control of our personal information..through obamacare, the nsa and the irs. everything this administration does is for control and power, and to defeat the republican party, to promote the progressive movement, and to maintain the power in Washington. soon there will be 2500 drones over the sky's of this country, supposedly under the guise of protection from terrorism....yea...right....

YOU REAP WHAT YOU SOW! you put him in now try and live with it .

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ALERT ALERT

SICK: New Jersey Awarded $3.8 Million In Financial Aid To Illegal Aliens


 A local news report revealed that the state of New Jersey awarded $3.8 million in financial aid to illegal immigrants during the 2018-2019 school year.

According to a report from NJ.com, the state of New Jersey gave $3.8 million in financial aid to 749 illegal immigrant students in the last academic year. More than a quarter of the funding went to 328 illegal immigrants that attend Rutgers University.

New Jersey Governor Phil Murphy signed a law last year that allowed illegal immigrants to apply for financial aid. Prior to the signing, illegal immigrants were permitted to apply to pay in-state tuition at public universities but they were not eligible for financial aid.

Murphy, who supports the spending, hit back at Republican critics by arguing that giving financial aid to illegal immigrants is compatible with American values.

“I’d even invite any of those folks who have that attitude, beginning with our president, to come on into this room and allow me or any of us to say, ‘This is the United States of America,’” Murphy said at the time.

David J. Socolow, executive director of the state’s Higher Education Student Assistance Authority, defended the state’s decision to offer financial aid to illegal immigrants.

“This financial assistance offers these New Jersey students a life-changing opportunity,” Socolow said in a brief comment.“The successes of these first 513 students, who are now attending county colleges, state colleges and universities, and independent institutions around the state, will have a positive impact on countless additional lives.”

According to the report, there is currently no limit on the amount of illegal immigrant students that are permitted to receive financial aid from the state of New Jersey. State lawmakers forecast that they will spend approximately $5 million on financial aid for illegal immigrants each year.

Video: Flashback: NJ Governor signs bill allowing free tuition for illegal immigrants

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