Let's talk politics

The 2012 Presidential race birthed many Republican faces in it's first months presenting hopefulls for the duty of being sworn in as America's next President for 4-8 years. Mitt Romney emerged victorious by defeating Newt Gingrich in a close head to head battle for the #1 Republican seat. He won the battle for the #1 seat, but the war for Presidency is FAR from over. Here, we will discuss the ways and motives of the two men look to use to win over voters. We discuss their stance of health care, student loans, economy improvement, and recovery. A true AMERICAN issue...A TRUE issue for American Policital Science.



Sudent Loans-
One HUGE topic at hand in this election is the issue regarding student loans, tuition, cost for school, etc. Both presidentials canidates have their own solutions towards resovling and stabilizing the education system at the collegiant level.

                                                                Democratic Side

On Obama's side,  he has decided to help reduce interest payments on their student loan debt, making this a key campaign issue and part of his populist push. Obama has proposed legislation to freeze the current rate in order to prevent today’s 3.4% interest rates on subsidized Stafford Loans from doubling. In conjunction with his efforts, he has introduced his "Student Loan Forgiveness Act" in which he believes could be very beneficial to students in college.  The following, are reasonings this act would assist the economy and provide much financial assistance to students

The bill would create a new “10-10 standard” for student loan forgiveness.
If you make payments equal to 10% of your discretionary income for 10 years, your
remaining federal student loan debt would be forgiven.

The bill would reward graduates for entering public service professions like teaching and
firefighting. It would also provide incentives for medical professionals to work in
underserved communities. It would reduce the Public Service Loan Forgiveness
requirement to 5 years from its current 10 years.

If you have already been making payments on your student loans, your repayment
period would likely be shorter than 10 years. The amount you have already paid on
your student loans over the past decade would be credited toward meeting the
requirement for forgiveness. 

The bill would ensure low interest rates on federal student loans by capping them at 3.4%.
- The bill would allow existing borrowers whose educational loan debt exceeds their income
to break free from the crushing interest rates of private loans by converting their private
loan debt into federal Direct Loans, then enrolling their new federal loans into the 10/10
program.

Romney's point of view is equivelant but differs in some ways. He responds by saying "Mr. Obama, When you say loan forgiveness, what you really mean is let the government pay for it, which means increase the debt or increase taxes. i am opposed to increasing the debt, and i am opposed to increasing taxes to pay off something that people voluntarily and privately incurred"

In addition to President Barack Obama's Forgiveness act he introduces two more acts of financial assistance towards students.

2. Capping interest rates for all federal loans: The act would cap the interest rate on federal loans at 3.4 percent. This is great news for borrowers, since the interest rate is set to be 6.8 percent for all federal Stafford loans as of July 1, 2012.

3. Improving Public Service Loan Forgiveness: The act would also provide for Public Service Loan Forgiveness after 60 monthly payments instead of 120. It is impossible for us to overstate how much this would help borrowers who have committed to careers at relatively low-paying public interest jobs, who could actually start saving for their kids' education and perhaps owning their own home half a decade earlier than they anticipated

                                                                                   Republican Side

By reviewing Mitt Romney's plan to delegate Student Loans, his solutions are mid equivelant to the possible solutions that Obama brings to the table. Except for his overlooking over low-income families.

More than 37 million Americans owe student debt, and a majority of students take on loans to attend college. It surpasses all other forms of consumer debt, topping $1 trillion, and cannot be discharged in bankruptcy.
It wasn't a new statement from Romney on Monday, since he said in March he wouldn't promise more federal money to students and families paying for college and not to expect the government to forgive student loan debt. Ryan proposed a budget in the House that would prevent up to one million low-income students from receiving Pell grants

Mitt Romney promises to usher private lenders back into the federal student loan market in a bid to decrease default rates and increase efficiency if he becomes president, but such a move could cost taxpayers tens of billions of dollars over a decade without saving students money, according to several higher education analysts.

The prime beneficiaraes, the banks and loan companies that stand to reap a financial boon through subsidies to make nearly risk-free, government-backed loans. They are the same firms that benefited from the system that existed for decades before 2010, when President Obama required that the government issue all

federal student loans.

"Under President Obama, the costs of college have skyrocketed -- making it more difficult for students to attend college, and his economic policies have made it harder for graduates to get jobs