Obama’s Student-Loan Relief Plan Will Help Colleges, Moody’s Says

October 31, 2011, 5:03 pm

President Obama’s plan, announced last week, to reduce monthly payments for low-income borrowers and drop interest rates for students who consolidate into the government’s direct-loan program will have a “credit positive” effect on colleges, Moody’s Investors Service said today. Aside from reducing the burden of debt repayment for affected students, the plan could help spur student demand and revenue growth for colleges and universities, the credit-rating agency said. Colleges’ ability to increase “net tuition” remains a critical credit-risk factor for the sector. Mr. Obama’s loan-relief proposal would help mitigate some of that credit risk, Moody’s said.

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My first MLA was the conference that made me want to attend other conferences, simply because of the sense of excitement and the free food/drinks. The fact that there was free food and drink, supplied by publishers, tells you how long ago it was.
http://twitter.com/StringHub StringHub

I think there is an entrepreneurial solution to the college student loan debt issue.

There are 3 ways that connecting student class projects with businesses can positively impact the student loan debt problem.

1. Donations for Class Projects – Your university may not feel comfortable allowing students to make money from their homework, but what if you allowed businesses who were happy with the results of their class project to make a donation to the student. Maybe the donation goes directly toward tuition as a scholarship of sorts.

2. Build a Network of Potential Employers – By connecting students with businesses while they are still in the classroom, you will help students create a network of potential employers who they have already worked with through class projects. Ultimately employers will feel more comfortable hiring those students for jobs and internships because they are familiar with their work and have already established a relationship with them. Ultimately as long as students have a quality job, they should be able to pay off their student loan debt.

3. Gain Real World Experience – The more real world experience a student can gain, the more qualified they will be for jobs after graduation. Real world projects are great resume builders, and will help students demonstrate what they have learned. Again, real would experience makes a student marketable, and ultimately more likely to secure the job needed to pay back student debts.

Here is the rest of the article titled “An Entrepreneurial Solution to Student Loan Debt”
http://blog.stringhub.com/2011/11/student-loan-debt-an-entrepreneurial-solution/
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This plan, when it’s looked at without all the media accolades, is nothing but pre-election year
hype. There’s almost no “relief” in this plan; the only goal this plan has is a cheap attempt to get votes. Obama should be called on this, but instead the left-leaning (most of it) media will spin this thing for all it’s worth. Why is not Obama and his administration calling to task the high tution costs charged by colleges and universities? Why not? In part, too many “friends” teaching at these schools!