Tuesday, March 30, 2010

Obama - "Another victory: Student loan reform"

"Dear Arnaldo:

Our records show that you currently live in California's 30th congressional district.

In Spring 2007, on a conference call with students, then-Senator Barack Obama called for major reform to federal student loans:

"We shouldn't be providing billions in taxpayer-funded giveaways to private banks. We should be providing an affordable, accessible college education to every American."

This morning, President Obama signed those historic reforms into law.

Dr. Jill Biden, an educator for 29 years, just recorded a short video explaining what these groundbreaking reforms mean for education in America. Click here to watch.

The bill the President signed this morning includes historic investments to make education more affordable, and delivers on a key campaign promise. The legislation:
-- Ends subsidies to special-interest private lending companies.
-- Doubles funding for Pell Grants to help more students afford a college education.
-- Will cap a graduate's annual student-loan repayments at 10 percent of his or her income.
-- Helps an additional 5 million Americans earn degrees and certificates over the next decade, by revitalizing programming at our nation's community colleges.

It's a tremendous achievement, but the news may get lost in the excitement around the passage of comprehensive health care reform. So we need to make sure that when folks in Los Angeles open the local paper to the letters page this week, they'll see notes from their neighbors supporting these important reforms.

Can you help? Watch Dr. Biden's video and write a letter to the editor now -- we'll provide helpful talking points to get you started:



Mitch Stewart
Director - Organizing for America"

P.S. -- To celebrate passing comprehensive health care reform, OFA is holding celebration events across the country. Click here to find and join one near you:


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