Sunday, April 19, 2015
Obama Signs ‘Student Aid Bill of Rights’ to Help Protect Borrowers
President Obama signed a bill called the "Student Aid Bill of Rights" to help make college more manageable to students. A big problem in this time is that students are having too much debt after they leave college and are left with debt. Debt is becoming more of a definite thing after college than finding a good paying job in your area of study. President Obama asked federal agencies to take steps to make paying for their education easier for students. Opposition proposes that he should be more concerned about making sure that more families can avoid the borrowing process completely. He hopes to make the process a lot easier and more understandable for young people who just graduated high school.
I feel like this bill can be very helpful. As someone who has to deal with a lot of this process, I feel that this bill could really be a big help. It's one thing to have to deal with having to receive loans, it's a complete separate thing to try and understand what all of it means. At the point when you're just trying to figure things out at a young age you don't really understand a lot of what those forms are saying. And sometimes that can lead to us putting ourselves in unfavorable positions. I feel that with this bill, federal agencies will be more about trying to help us and less about putting us in debt. With this help, I think everyone benefits. College kids actually know what they are getting in to and loan companies actually get their money.
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