News Articles About President Obama

Yesterday, Congress held a hearing to begin the process of determining the fate of the Federal Family Education Loan Program, the bank-based federal student loan program that President Obama has proposed eliminating in the 2010 federal budget. Voices from both sides of the debate chimed in, with one clear theme emerging: in 2010, student loans are definitely going to change. The questions at this point are to what extent federal student lending will change and whether the banks currently involved in FFEL will still have a place in the new system.

Congress Holds Hearing on Lender Subsidies

May 22, 2009
by Scholarships.com Staff
Yesterday, Congress held a hearing to begin the process of determining the fate of the Federal Family Education Loan Program, the bank-based federal student loan program that President Obama has
As Congress moves forward with a federal budget plan for 2010, rhetoric is ramping up on both sides of what is proving to be one of the most contentious budget debates so far:  whether or not to eliminate the Federal Family Education Loan Program.  President Obama initially proposed this move in his budget outline, saying that a move to Direct Loans would result in a savings of $48 billion, money that could be put towards expanding the Federal Pell Grant program.

Student Loan Debate Heats Up

April 28, 2009
by Scholarships.com Staff
As Congress moves forward with a federal budget plan for 2010, rhetoric is ramping up on both sides of what is proving to be one of the most contentious budget debates so far:  whether or not to
In a speech delivered before a joint session of Congress, President Obama called for every American to complete at least one year of postsecondary education and pledged greater financial support for those attending college.  He also urged that America become the best educated nation and set the goal of having the highest proportion of college graduates in the world by 2020.

Obama Urges Americans to Attend College

February 25, 2009
by Scholarships.com Staff
In a speech delivered before a joint session of Congress, President Obama called for every American to complete at least one year of postsecondary education and pledged greater financial support for
The House of Representatives just passed the compromise version of the economic stimulus package.  Now there are just two stop left for it before it becomes law: the Senate and President Obama's desk.  The Senate plans to vote later this evening, putting it on track to be signed on Monday.

House Passes Economic Stimulus Bill

February 13, 2009
by Scholarships.com Staff
The House of Representatives just passed the compromise version of the economic stimulus package.  Now there are just two stop left for it before it becomes law: the Senate and President Obama's
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