Thank You, Obama

According to an article titled Obama: Loan changes make college more affordable written by Philip Elliot from the Atlanta Journal Constitution, Obama is trying to decrease the financial burden of going to college. The title alone sounds good to me because, personally, student loans are already putting me into a hole. I am pretty sure a lot of other students are in a similar position. For some reason, colleges and universities seem to think that all students have an endless supply of money somewhere. Students will be in debt before they actually find a career to help pay for their college expenses. According to the article, Obama is trying to make student loans more affordable and more manageable after graduation. President Obama's expectations for the new education bill include: more student lending, caps on those repayments, and more money for minority colleges and universities. Obama is suppose to sign this new bill into law on Tuesday. Hopefully, these new changes will be reflected in the 2010-2011 Student Aid Report from FAFSA. My existence on the Georgia State University campus is actually riding on how Georgia State processes my Student Aid Report. If another school, say Loyola University Chicago, gives me more money than Georgia State, then I will have to say my farewells to Atlanta. I cannot take another year of being dependent on student loans. Along with helping students, President Obama also says, "This reform of the federal student loan programs will save taxpayers $68 billion over the next decade." This reform sounds like a win for everyone. According to the new law, banks will no longer get fees for acting as the middlemen and Pell Grants will increase. Unfortunately, most aspects of this new law will not kick in until 2014. I will hopefully be on to Graduate school by then, but anything helps. College is suppose to help you get more out of the world, but you can't do that when you spend the rest of your adult life paying for student loans. At least Obama, understands the financial troubles that students face and is making an attempt to do something about it.