A Lesson for Sean Hannity on What Obama has Done for Students With Loans

Sean Hannity claimed President Obama has done nothing for students with loans, so in an attempt to educate the most uneducable, here is exactly what Obama has done to help student borrowers.

Here is the video from Media Matters:

After his panel was done imploring Mitt Romney to be more personable and charismatic (good luck with that), Hannity jumped in a patented piece of Fox News misinformation, “I do love this last minute election year giveaway to energize the base. Mr. President where were you for three and a half years on student loans?”

Well, Sean, since you asked, on March 30, 2010, President Obama signed the Health Care and Education Reconciliation Act of 2010. What this law did was save $68 billion by removing banks from the student loan processing business, which freed up more to be given that could be spent on helping students pay for college. The law also stipulated, “New borrowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discretionary income and, if they keep up with their payments over time, will have the balance forgiven after 20 years.”

In 2011, the Obama administration announced the new loan repayment rules which in part allowed borrowers to consolidate some of their payments and save a half of a percentage point interest. Currently, the president finds himself locked into a battle with Republicans who are trying to double the interest rate in student loans.

It is interesting that Sean Hannity didn’t view extending the Bush tax cuts as a giveaway to millionaires, but he views Obama’s attempt to keep the reduced interest rates on student loans as nothing short of a political bribe to the nation’s youth.

Sean Hannity, just like many other people on the right, has a serious case of Obama achievement amnesia. He doesn’t want to see what Obama has done for students, and more importantly he knows that his viewers don’t also don’t want to see what Obama has done for students. President Obama has done a great deal to remove the big bank corruption from the student loan program. Obama believes that the student loan program should be about actually helping students get an affordable education, not adding to corporate bottom line.

What has Obama done for students who have loans? More that Sean Hannity’s lying heart will ever be able to admit.

9 Replies to “A Lesson for Sean Hannity on What Obama has Done for Students With Loans”

  1. Sean Hannity is truly the world’s biggest piece of fecal matter, He tells lies, like he breathes air, everytime he opens his mouth, a lie comes out, this weasel is a horrible human being, This liar owes the world an apology, He pimped the wars in Iraq and Afganistan by lying every chance he got, People are accountable for their actions, and one day, he will stand before God, and have to explain why he lied about these things that have caused the world so much suffering. The lord is forgiving for those that are sorry, not for those that continue to lie, going on a decade of lies for hannity. He is the #1 propagandist in America today,

  2. Sean Hannity needs a LOT of education. He is educationally challenged. Almost no education, in fact.

    Fox looks for people without much education to broadcast the lies on their propaganda channel.

  3. Stupannity has about four talking points and that is all. He is still claiming he could not afford to go to college – he SIMPLY cannot do the work – he could go now if he was interested or had a brain cell. He would much rather macke gazillions with his lies and hate. His kids are really going to hate him when they are old enough to realize how he got rich.

  4. Oh come on people, Hannity isn’t stupid, he’s just a poor rich white guy who doesn’t give two shits about “facts” or “the truth” who is just doing his job; trying to drive a wedge between our President and the youth vote.

    The desperation coming from the right is hilarious. I can’t wait to see what species of “game changer” they come up with for the VP slot this season, ’cause the last one was a comedy riot. I’m betting it’ll be either Col. West or Nikki Haley because if Mitt just picks another white male, then he’s clearly admitting defeat.

    Considering the Palin-esque glamorshots of Haley that just came out, I think she’s gonna be the one…

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