Obama Woos Young Voters with Cheap Student Loans

Obama Woos Young Voters with Cheap Student Loans

(AP) Obama casts GOP as barrier to low-cost education
By JIM KUHNHENN
Associated Press
WASHINGTON
Eager to energize young voters, President Barack Obama is depicting Republicans as obstacles to an affordable college education, using his Internet and radio address Saturday to preview an argument he will take on the road next week to university campuses in states crucial to his re-election.

Obama is calling on Congress to extend a law that cut interest rates on a popular federal loan program for low- and middle-income undergraduates. If the law expires, the rates will double on July 1, from 3.4 percent to 6.8 percent.

While Obama blames Republicans for voting against new ways to make college more affordable for middle-class families, it was House Democrats who cut interest rates on the school loans in 2007 and included an expiration provision that placed the looming increase in the middle of an election year.

On Friday, Education Secretary Arne Duncan said more than 7 million students would be financially squeezed if rates go up, to the cost of an additional $1,000 on average.

In his trip next week, Obama will go to the University of North Carolina at Chapel Hill and the University of Colorado at Boulder on Tuesday and the University of Iowa on Wednesday. The three schools are in states Obama carried in 2008 but are in play this year in his race against the likely Republican nominee, Mitt Romney.

He argued that at a time of high joblessness, the rate of unemployment for Americans with a college degree is about half the national average. “It’s never been more important,” he said.

The courting of young voters next week will include an appearance on NBC’s “Late Night With Jimmy Fallon” show, which will be taped while Obama is in North Carolina.

While Obama addressed education as his newest election-year theme, Republicans stuck to their criticism of Obama’s energy policies. Citing still high gasoline prices, Sen. Roy Blunt of Missouri said Obama is focusing on the wrong issues.

Blunt chided Obama and Senate Democrats in the GOP’s weekend address for pushing unsuccessfully for a tax increase on millionaires instead of focusing on consumer pain at the pump. He pressed Obama to drop his opposition to the Keystone XL Canada-to-Texas oil pipeline, which the president blocked earlier this year. The administration says it is waiting for the pipeline developer, TransCanada, to submit a new route that avoids environmentally sensitive lands. The company unveiled a preferred route on Thursday.

___

Online:

Obama address: www.whitehouse.gov

GOP address: http://www.youtube.com/gopweeklyaddress


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.