Student loan interest rates and KY Basketball on POTUS Friday schedule
May 4th, 2012
07:16 AM ET

Student loan interest rates and KY Basketball on POTUS Friday schedule

10:30AM THE PRESIDENT and THE VICE PRESIDENT receive the Presidential/ Daily Briefing/ Oval Office/ Closed Press

11:25AM THE PRESIDENT holds a roundtable discussion with a group of seniors and their parents/Washington-LeeHigh School/ In-Town Travel Pool Spray

11:50AM THE PRESIDENT delivers remarks about the importance of having a fair shot at an affordable higher education /Washington-LeeHigh School/ Open to Pre-Credentialed Media

4:55PM THE PRESIDENT welcomes theUniversityofKentuckymen's basketball team to the White House / Rose Garden/ Open Press


Topics: Daily Schedule

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soundoff (23 Responses)
  1. John

    More distribution of wealth. Raise taxes to keep the rate of these loans low.
    Has anyone read or heard what is costs us to run the college loan program?
    Yet another business our governmnet should not be in.

    May 4, 2012 at 8:27 am |
    • DEcember 2012

      BECAUSE THOSE RICH TAX DODGERS DESERVE BETTER TREATMENT. OK.
      PEOPLE WHO COMPLAIN ABOUT WEALTH DISTRIBUTION EITHER DON'T KNOW WHAT THEY'RE TALKING ABOUT OR ARE MILLIONAIRES WHO PAY PEOPLE TO COMPLAIN FOR THEM.

      May 4, 2012 at 3:54 pm |
      • Steveo

        I am not a millonaire but i know that wealth distribution has NOTHING to do with EARNING it aka a job!

        May 4, 2012 at 4:18 pm |
      • DEcember 2012

        SO YOU ARE SAYING THESE COLLEGE STUDENTS WANT TO GO TO COLLEGE JUST FOR THE FUN OF IT? DO YOU KNOW WHAT CRUSHING DEBT MEANS OR IS YOUR PORTFOLIO LOOKING TOO GOOD TO SEE WHAT THE REST OF AMERICA IS DEALING WITH?

        May 4, 2012 at 5:30 pm |
      • Steveo

        Slow your roll DEcember2012:

        You asked me if I knew what wealth distribution is, remember? Looks like you didn't like my answer because you just changed the question.

        FUNNY YOU ASKED ABOUT MY PORTFOLIO! WHY ARE LIBERALS SO INTERESTED IN THE MONEY OF OTHER PEOPLE? I AM NOT A RICH MAN DECEMBER, BUT THE TERM YOU MIGHT BE LOOKING FOR IS "MONEY MANAGEMENT". I TRY HARD TO PROPERLY MANAGE MY MONEY! I TRY NOT TO SHOP EMOTIONALLY! I LIKE TO SEE BY DEBTS GO DOWN AND MY SAVINGS GO UP! I GIVE TO CHARITIES, I TAUGHT MY CHILDREN TO BE GIVERS AND NOT TAKERS, TO BE A POSITIVE INFLUENCE TO SOCIETY NOT A NEGATIVE ONE! FUNNY THING DECEMBER, I LEARNED THAT FROM MY PARENTS, WHO DID NOT HAVE MUCH IN MATERIAL GOODS BUT ARE RICH IN WISDOM AND LOVE (FAMILIES USED TO BE LIKE THAT BUT NOT SO MUCH ANYMORE)!!

        SO IF YOU AND FOLKS LIKE YOU SPENT MORE TIME AND ENERGY TAKING CARE OF YOUR BUSINESS AND FINANCES THAN YOU DO MINE (I AM MIDDLE CLASS AND A BLACK MAN, BTW), YOU'D BE MUCH BETTER OFF! SO IN SHORT, YOU CAN SKIP THAT LECTURE YOU WERE TRYING TO GIVE TO ME!

        LASTLY DECEMBER, I DON'T RECALL YOU ASKING THE PRESIDENT ABOUT HIS PORTFOLIO! DID I MISS THAT?

        May 5, 2012 at 10:23 am |
      • Howard

        ... or, they are honest, hard working Americans, who simply don't want thieves, using the power of the State, to steal THEIR money ... and give it to free loaders, who expect to get everything provided by a corrupt government ... in exchange for their votes.

        May 5, 2012 at 12:40 pm |
      • Howard

        Amazing contrast between Obama's 'Freeloading' message, and President John Kennedy's message of ...

        "ASK NOT WHAT YOUR COUNTRY CAN DO FOR YOU, ASK WHAT YOU CAN DO FOR YOUR COUNTRY" ...

        Kennedy instilled pride, productivity, and unity ... Obama promotes blame, envy, division, and economic decline.

        May 5, 2012 at 1:49 pm |
      • DEcember 2012

        DID I TOUCH A NERVE? SO YOU ARE FISCALLY RESPONSIBLE, GOOD FOR YOU. DO YOU REALLY THINK YOU ARE THE ONLY ONE? DO YOU REALLY THINK ONLY PEOPLE WHO MAKE BAD DECISIONS ARE UNDERWATER? THINK AGAIN.

        YOU SEEM TO PRIDE YOURSELF TRYING TO APPEAR IMPARTIAL, IT IS TOO LATE FOR THAT. TIME TO PICK A SIDE. THERE IS CLASS WARFARE IN AMERICA, THE POOR AND THE MIDDLE CLASS DID NOT START IT BUT WE SURE AS HELL WILL FINISH IT.

        May 5, 2012 at 5:07 pm |
      • Steveo

        @DEcember,

        Weaseling out doesn't look too good on you. YOU started this discussion by asking about my portfolio! Secondly I know full well if I lost my job like many other Americans, I'd quite possibly lose my house. You sound an awful lot like Trace! Read this clearly, I am not a mindless drone that follows either party for the sake of following a party. Now is that really hard for you to believe? I lam more interested in ideas than political rhetoric! Yes I am conservative by nature but I so what? Good ideas are just that no manner which PARTY they originate! Neither party has a lock on morality or concern for the people!

        Did you touch a nerve? Honestly yes because where I am fiscally is not your concern. I am not asking you for anything! Choose a side? Class warfare? Your exactly correct when you say the poor and the middle class did not start this. You know who did? SOME rich politicians who have fallen in love with the idea you cannot make it without them meddling in ALL aspects of your life!

        Over reliance on the government has stripped many of the will to even attempt to do for themselves! yet you don't see it because you are too busy pumping up your party! If the Pilgrims had that wimpy attitude, would we even have a country today? Perhaps we'd just still be a colony

        Funny thing DEcember, you keep bad mouthing the rich but you keep voting politicians who are RICH!

        May 5, 2012 at 8:41 pm |
      • Steveo

        @DEcember,

        Weaseling out doesn't look too good on you. YOU started this discussion by asking about my portfolio! Secondly I know full well if I lost my job like many other Americans, I'd quite possibly lose my house. You sound an awful lot like Trace! Read this clearly, I am not a mindless drone that follows either party for the sake of following a party. Now is that really hard for you to believe? I lam more interested in ideas than political rhetoric! Yes I am conservative by nature but I so what? Good ideas are just that no manner which PARTY they originate! Neither party has a lock on morality or concern for the people!

        Did you touch a nerve? Honestly yes because where I am fiscally is not your concern. I am not asking you for anything! Choose a side? Class warfare? Your exactly correct when you say the poor and the middle class did not start this. You know who did? SOME rich politicians who have fallen in love with the idea you cannot make it without them meddling in ALL aspects of your life!

        Over reliance on the government has stripped many of the will to even attempt to do for themselves! yet you don't see it because you are too busy pumping up your party! If the Pilgrims had that wimpy at-itude, would we even have a country today? Perhaps we'd just still be a colony

        Funny thing DEcember, you keep bad mouthing the rich but you keep voting politicians who are RICH!

        May 5, 2012 at 8:44 pm |
      • Howard

        Obama has been systematically dismantling America, for the past 3 1/2 years ... and, you, want to give him 4 more years, to COMPLETELY destroy this once great country ??? The problem is that your infatuation, and delusions, for this empty suit, exceed your love for America !!! Americans are waking up to what a complete phony Barack Obama is, and how destructive he is to this country. That's why, in November, Obama will finally be exorcised, removed, flushed, and dumped ... allowing America to once again return to its former prosperity, and status, as the greatest country in the world.

        May 6, 2012 at 12:19 pm |
  2. Lizzie

    Hope he let's the high schools seniors and parents know that only the Stafford student loan interest after July, 1,2012 maybe goes up, NOT all student loans which he so proudly talks about in his speeches.

    May 4, 2012 at 12:35 pm |
  3. John

    "The cost to the federal government to extend the lower interest rate is $5.8 billion, according to an analysis by the nonpartisan Congressional Budget Office."
    OMG, IT WILL COST US 5.8 billion just to extend the lower rate? What the F*#% is this entire program costing us a year? Seems to me organizations who provide loans usually make money. Our government should not be in this business, but as long as it is why can't we at least break even.
    "Subsidized student loan interest rates used to be 6.8%. But when Democrats took over the House in 2007, they passed phased-in cheaper rates for subsidized student loans. The rates fell to the current low of 3.4% for subsidized Stafford loans this past school year. The rates are scheduled to revert back to 6.8% for the 2012-2013 school year." Another great job Dems. Just another wealth distribution while jobs continue to dwindle away...

    May 4, 2012 at 1:11 pm |
  4. Kool-Aid Police

    More bloviation from the liar in chief.

    May 4, 2012 at 1:35 pm |
  5. greg

    Obama 2012 move forward,

    May 4, 2012 at 2:44 pm |
    • jerry

      obama 2012 is not moving forward...everything but. Another 4 years of this mess and anything will be forward...having $15.00 gas will be a blessing...or food. The middle east won't exist..

      May 4, 2012 at 6:31 pm |
      • DEcember 2012

        MOVING FORWARD, NOT GOING BACK TO THE GOOD OLD DAYS OF TRICKLE DOWN ECONOMICS

        May 4, 2012 at 7:44 pm |
    • Howard

      Walking in lock step, with the rest of the Obama stooges ...
      you exhibit the typical euphoric, deer in the headlights, gullible, traits of a mindless, easily molded, fanatic Obama follower ... however, when reality catches up with you, and the freebees Obama has promised you, in exchange for your vote, results in the extreme poverty it will bring you ... it will be too late.

      May 5, 2012 at 12:45 pm |
      • DEcember 2012

        FUNNY THING HOWARD, OBAMA DOES NOT PROMISE ANYTHING MORE THAN ANY PRESIDENT DOES. THEY JUST GO ABOUT IT WITH DIFFERENT WORDS. IF YOU REALLY THINK PEOPLE ARE VOTING FOR OBAMA BECAUSE OF PROMISES, NOT OUT OF HATRED AND DISTASTE FOR THE HARMFUL AND EXTREME POLICIES AND RHETORIC COMING OUT OF THE TEA PARTY REPUBLICANS THEN YOU ARE SERIOUSLY DELUDED. THIS CAMPAIGN WILL BE EXTREMELY NEGATIVE AND IT STARTED WITH THE CLUELESS TEA PARTY CLOWNS.

        May 5, 2012 at 5:12 pm |
    • Steveo

      I looked up "FORWARD" in Wikipedia. Interesting read! Not a coincidence, I'm sure! (wink, wink and finger crossed, behind my back)!

      May 6, 2012 at 6:51 pm |
  6. Ray E. (Georgia)

    Anyone know why after 75 years of Big Liberal Programs, put in place by Democrats the Nation is in worse condition than before the Great Depression of the 1930's. The nearly 16 Trillion Dollar Federal Debt isn't some Fairy Tale. It is real. High unemployment is real. 47 Million people on Food Stamps is a fact.

    Anyone know why the Federal Government is in the Business of granting Student Loans at half price. The idea, (Snake Oil) is that those students will work, pay taxes and the Government (Taxpayers) will all benifit. And if that is true, why does the Government (Taxpayers) have a nearly 16 Trillion Dollar Federal Debt. As a Senator once said, "A Billion Here, a Billion there, and pretty soon we're talking real money.

    Students should pay the going rate because if they get a break today they will expect it the rest of their lives.

    May 6, 2012 at 9:07 am |
    • jerry

      started with FDR then LBJ slammed us...Nixon took us off the gold standard to pay for this mess (started printing money) and now we have reached the end of the line. We are at a junction...go completely Marxist or get back to who we were and act like grown ups... nothing new today except for the history you have not learned....not learned because you are either ignorant or ill informed. If you listen to obama you are both.

      May 6, 2012 at 12:57 pm |
  7. jerry

    ok funny...obama wants to force the higher tax payers to pay for this...and the GOP wants to pay for this from obamas healthcare slush fund (that obama has already raided)... obama care that is currently being unraveled by the supreme court....that is. Really a NO BRAINER unless you have an obama fogged brain that is.

    May 6, 2012 at 12:52 pm |