President Barack Obama used a Friday Rose Garden speech on government-controlled student loans to help him campaign for the 2014 mid-term elections, amid proliferating scandals and derision from the House education leaders.
Obama’s plan would allow interest rates on future government-provided student loans to rise or fall once per year. But the plan would also allow current borrowers to pay off their long-duration loans at today’s historically low rates.
In 2010 and 2012, Obama used government power to offer low-rate students loans to younger voters. Those campaign-trial fixes expire this year, giving him another opportunity to offer Democratic-branded aid to students, many of whom have incurred student debt to improve their credentials in a stalled, high-unemployment, low-wage economy.
“This event is nothing more than a cynical PR stunt to change the conversation from his scandals,” said Kirsten Kukowski, a spokeswoman for the Republican National Committee. ”Instead of working with Republicans who have already passed legislation, Obama is holding a media event.”