GenOpp's Stephens: Student Loan Plan Part of Obama 'War on Youth'

Tuesday, 10 Jun 2014 07:13 PM

By Sean Piccoli

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
An advocate for helping students who face crushing college debt said on Tuesday that the Obama administration's proposed reforms to the higher-education loan system will only impose more long-term costs on graduates entering today's tough job market.

"The problem with the president's plan is that it's simply a subsidy that masks the problem," Corie Whalen Stephens of Generation Opportunity, an advocacy group for millennials, told Newsmax TV on Tuesday.

"It's kind of like Obamacare in that sense," Stephens told "Midpoint" host Ed Berliner on Newsmax TV. "Obamacare is not lowering costs, but they put a taxpayer subsidy on the table and say, hey, 'The problem is fixed.' Well, it's really not."

Story continues below video.

The Obama plan — which includes pushing college loan services to lower their fees — adds another layer of federal bureaucracy to an already over-managed system, Stephens argued.

Stephens said Generation Opportunity wants to help lenders "innovate in this market and bring costs down, and empower students as consumers, rather than masking this [problem] with more and more federal debt that, frankly, is going to end up on my generation's plate at the end of the day, anyway."

She said the Obama student loan strategy is of a piece with Washington's long-running "war on youth."

"There's a lot of policies coming down from Washington that really embody this," said Stephens. "First of all, student loans. Also, the general pervasive generational theft in government policy: whether you look at our bankrupt entitlement programs that won't be there for my generation without reform; whether you look at them piling on with more national debt — $17 trillion — not to mention $120 trillion in unfunded liabilities on top of that."

Asked about the stereotype of her generation, as uniquely entitled and self-absorbed, Stephens said, "That's not really entirely true when you see what we're now faced with."

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Iraq Veteran: More 'Effective' US Action Against ISIS Coming

Friday, 24 Oct 2014 22:23 PM

The upcoming midterm elections have temporarily postponed a more concerted U.S. military campaign against the Islamic St . . .

Bernard Kerik: Police Need to Learn Ebola Protocol

Friday, 24 Oct 2014 22:00 PM

Police departments must quickly learn air-tight protocol when dealing with suspected cases of the Ebola virus , but that . . .

Danny Aiello: Childhood Eczema Made Me Hollywood Outsider

Friday, 24 Oct 2014 21:46 PM

Veteran actor Danny Aiello says he's always seen himself as "an outsider" who is not part of the slick Hollywood crowd , . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved