The Campaign Spot

The Obama Student Loan Plan, Summarized

Obama’s college loan plan in a nutshell: “Presuming you have $28,000 in student loans when you graduate — if you have less, you don’t qualify — let me save you $4 to $8 a month in exchange for your vote; also, you get to stop paying your loans at age 41 or so, which will cost the taxpayers a ton, but I will have been out of office for a long time by then, so who cares.”