16 Aug

What Has the White House Done to Benefit Student Loan Portfolio?

WRITTEN BY Surbhi Jain

Major initiatives taken by the Obama Administration

The recent report by the CEA (Council of Economic Advisers) cited the following major initiatives the Obama Administration has taken regarding student loans:

  1. reforming US (VOO) (IVV) laws in favor of student loans
  2. lowering the cost of college through increased tax credits and grant aids
  3. promoting innovations in higher education to reduce costs, improve quality, and drive completion through programs such as First in the World
  4. providing timely, actionable information to students to make better college choices based on cost and value through the College Scorecard
  5. making it easier to access critical financial aid resources through FAFSA (Free Application for Federal Student Aid)
  6. connecting students to flexible and affordable repayment options to help them manage their debt and avoid the negative consequences of default
  7. strengthening financial aid rules to protect students from poor-performing colleges that leave students with unmanageable debt
  8. making two years of community college free for responsible students with the America’s College Promise plan
  9. calling on the U.S. (IWD) (IWF) (VEA) Congress to enact key reforms to increase college completion for Federal Pell Grant recipients.[1. Federal Pell Grants are the primary form of financial aid for many students to pay tuition.]

What Has the White House Done to Benefit Student Loan Portfolio?

While the Obama Administration feels it has done quite a lot toward the promotion of education, the Markets still seem to be eyeing certain gaps that could be filled. Some have even likened the student loan crisis to the sub-prime crisis of 2007–2009.

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