How much does President Obama care about the uprising issues of student loans ?

By: AC Hampton 

How much does President Obama care about the uprising issues of student? Obamacare or The Affordable Care act is supposed to correct the problems that our country has been facing but it doesn't seem to be correcting the student loan issue, it's making it worse. President Obama is using funds from the student loan industry to fund healthcare.

With the federal debt at $16.7 trillion, student loan debts measure at 6% of the overall national debt says Forbes.com.

The Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office.

Before Obamacare banks such as Bank of America and Suntrust were allowed to issue private loans, but now the government is controlling student loans and issuing them at a higher interest rate.

If savings were kept inside the loan program, instead of transferred to Obamacare, as some Republican senators are suggesting, they could allow the Department of Education to lower student interest rates to 5.3 percent from 6.3 percent, according to the CBO.

The nearly $9 billion in increased student loan debt is being used to pay for Obamacare, and it is derived from $106 billion the government says it will save by administering student loans in house,says the CBO.So while the government claims to be saving big money on student loans, your interest rate's going up.

So over the next decade education cost may become unaffordable for most families and student loans interest rate will be raised to uncontrollable rates for most recent graduates.Obamacare is planning on increasing our interest rates to fund his healthcare program. Our president is digging itself into more debt.