obama-tearing-up-constitutionIf you are a college student or know someone who is, this article is for you.

“The 16 million American students who now have student loans are paying for ObamaCare out of their meager incomes just at the point when they graduate from college and need funds to start their lives, buy their first homes and begin a family.” 

Those were the words of Dick Morris, former aide to Bill Clinton, writing just three days ago, in The Hill.

He also said:

obamacare1According to the Congressional Budget Office, $8.7 billion of the money collected in student loan interest payments actually goes to pay for ObamaCare.  The CBO estimates that the interest rate on these loans could be reduced from 6.8 percent to only 5.3 percent were the funds not used to subsidize the healthcare reform law and other federal programs.”

This explains why all college student loans were recently federalized – to subsidize President Obama’s massive Obamacare package.  Yet, even with these subsidies, Obacare still cannot be fully funded or maintained.

Morris went on to share a breakdown of what happens after a college graduate or a parent of a recent grad strokes a check to the government to pay for student loans:

obama shrugThe federal government borrows the funds for the student loan program at 2.8 percent and then lends it to the students at 6.8 percent, a markup of 4 percent…[and] the profits from student loans are divided as follows: $8.7 billion goes to pay for ObamaCare; $10.3 billion goes to pay down the federal debt; and $36 billion goes to Pell Scholarship grants.”

 Check out Dick Morris’ column to learn more about how the Obama Administration is using the hard earned money of poor college students and struggling parents to fund the President’s personal pet project that is Obamacare and keeping checking Liberty News for updates on this developing situation.

  • OhioHistorian

    Isn’t that great! Now the kids, working in fast food and trying to pay their student loans will be paying for ObamaCare for people who make in the range of $80K but got their policy in an exchange. President Obama is SUCH an economic genius!

    • http://yahoo.com/ Star

      This does not seem right to the college kids to have to fork the bills for welfare lazy asses, illegal aliens and muslims… Guess they voted for a real loser in the WH. May be they should have became more inform before casting their votes..

      • Joe Calandra

        Not everyone between 18 and 40 voted for Barack. I’m 31 and I was a press intern for McCain in 2008 and I voted for Romney in 2012. I know countless young adults who can’t stand BHO and most of them were sitting next to me in one class or another.

      • Russ Farnsworth

        How are Muslims costing students money?

  • jenniewalsh

    Obama–America’s Racketeer in Chief. America’s government is being run by the Rothschild Dynasty, the globalist international bankster-gangsters’ Satanic Illuminati’s crime cartel. Pray for Divine Justice and for all the members of congress who are TRYING to expose and bring to justice all the secret members of the Kingdom of Satan in congress, the state department, the Department of “Justice”, Department of Homeland “Tyranny”, the IRS and all the other crooked bureaucracies and organizations that are operating at taxpayer expense. ABOLISH the Federal Reserve, the IRS and Obaminationcare ASAP!!!! If these 3 rip-off organizations are allowed to exist, America will not exist much longer.