As you know, the cost of formal education beyond high school has increased at an alarming rate since you were young children. It is now almost impossible for most of you to continue your education without student loans and/or student aid.
The Ryan budget totally eliminates Pell Grants. This budget has passed the House on more than one occasion, Romney has called it a “marvelous” budget, and he has indicated that he would sign it if given the chance. Romney’s solution is to “borrow money from your parents.”
The Obama Administration has cut more than $60 billion in taxpayer subsidies to big banks and is using the savings to make college more affordable for millions more families.
Obama has doubled investments in Pell Grants and expanded them for 3 million more students. When it is time to pay back the Pell Grant loans, payments are now based on a percentage of the person’s income. This makes repayment much less overwhelming.
Tax breaks have been given to college students and families to make tuition more affordable.
The Obama Administration has been working with colleges and universities to find ways to lower tuition costs.
Obama has stood with community colleges by investing $2 billion to support education and job training programs.
Young adults can now stay on their parents’ health insurance plans until they are 26.
This extends coverage to 3.1 million more young Americans. Also, you cannot be denied coverage because you have a pre-existing condition.
Hopefully you will consider all of these factors when you vote on or before Nov. 6.