Obama touts plan to change college loan system

<p>WASHINGTON – President Barack Obama on Friday renewed his call for the government to stop backing private loans to college students and replace them with direct financial aid to young people.</p>

<p>Obama said the surest test for success in the challenging economy is a college degree or other training, yet access to higher education continues to shrink as costs rise. To reverse that, the president repeated his campaign proposal that would eliminate the Federal Family Education Loan program that costs taxpayers $15 million a day.</p>

<p>Obama</a> touts plan to change college loan system</p>

<p>looks like we're a year or two too early to be going to college :/</p>

<p>Thank goodness for no loans this or next year. </p>

<p>Interesting! [:</p>