Boston Globe – President Obama has been pushing for improved financial aid for college students since his State of the Union speech earlier this year. His plan includes increased funding for Pell Grants and debt forgiveness on student loans. On Tuesday, in Reno, Nev., Mr. Obama criticized presumptive Republican nominee Mitt Romney’s plan as being nothing more than encouraging students to “shop around and borrow more money from your parents if you have to.” Mr. Romney has stressed difficulties with the financial aid system that he believes are leading families to take on massive debts, primarily through student loans, hurting future economic prospects and spending ability. Mr. Romeny suggests students should only “get the education they can afford.” For more, read Obama Criticizes Romney Over College Assistance.

 

RSC also encourages students to shop around and compare college offers. Setting your heart on one college can lead to poor financial aid. Students should also maximize their Pell Grants and other financial aid to cut down on the amount they need to borrow. For help with this, let RSC’s financial aid experts complete your forms. Shop around, spend wisely, and get the most financial aid possible!