Opinionator #2

     Recently, President Obama has been speaking about aiding or helping people manage student loans. Not much has come out about Obama’s loan plan, except the idea of a “Pay As You Earn”, which is payment on student loans are constructed and designated to the income of those with student loans. This system is different then the approved plan by Congress in 2010 because it is designed for one’s own personal loan, and not just a decrease in percentage. Obama also plans on consolidating loans and decreasing interest rates for a select group of graduates.  So far “Pay As You Earn” is still just a plan, and has not been put into action.

     Personally I do not have an official stance on the matter quite yet, mostly because I am waiting for more information on the matter. I do not see any potential complications on the matter (However, it is politics!) because it would benefit those graduating with student loans, and not harm those who do not have student loans. I think that creating a payment plan based on income is very beneficial because people would not be expected to pay more than they can afford. However, I do not agree with the idea of entirely taking away someone’s student loan because it would be unfair to those that had to pay for their entire education by themselves. I believe that they should pay back their loan based on their income, and not have to give more then what they can afford. This plan has great potential of benefiting graduates.