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  • Student Loans in the New Obama Administration
    Written by mara 1 Comment
    Last Updated:: November 18, 2008
    A few months ago, I wrote a couple of posts comparing Obama’s views on financial aid to McCain’s views on financial aid.  Now that we have a new President (elect), I thought we should take a closer look at how federal financial aid, and specifically student loans, might look come January 21st under the new administration. Just days before the November 4th election, Obama spoke on MTV about issues of concern to young voters. Primary among those concerns were student loans and financial aid.  Here’s what he had to say (from the blog at walletpop.com): …I think the average student is taking out $25,000 to $30,000. That’s a huge burden, especially in a time when wages and income are not going up. So here is what we want to do: increase the Pell Grant program, e...