President Barack Obama plans to help student loans!!

During a visit at Georgia Tech , President Obama reveilled his plans for students aid plan to help them with the struggle to repay their students loans , which increased dramatically into the past years .
U.S. President Barack Obama , said that what he intends to do is to make the student loans more reasonable and more easy to understand .

While he was there , President Obama discussed the Student Aid Bill of Rights , bill recently signed by him . This package of laws are designed to come in the aid of the students whom need federal student aid in order to attend college , by trying to explain better the financial impact that these loans will have on their life. The student aid bill rights, also referred to as SABR in one of its paragraphs, states that all students should have the right to access these loans.
Between all of them, the most important things that were mentioned are probably the rights to an affordable re-payment plan , access to the resources that will permit the student to repay his / her loan , fair treatment through customer care, access to reliable information and the right to quality and affordable education.

After taking a hard long look at the American economy , one has to wonder how can a freshly graduated student in a non scientific major with an average score ever repay the dramatic cost of the student loans ? The answer is that he can't , and so we get to our current situation where millions of post graduated Americans are struggling in crippling debt .

Another useful thing that the Student Aid Bill Rights is trying to suggest is that students that are actively involved in community services and manage to maintain a good standing through college , should have the right to attend 2 years of free community college, and this way they could have a real chance to use pay-as-you-earn plans .
The truly beneficial law that the student aid bill of rights brings is the obligativity that every payment made by the student before the repayment date , MUST be applied to the loans with the highest interest rate.

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