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President Obama Is Helping America’s Schools Out-Educate the Rest of the World and Students Pay for College; We Can’t Afford Romney Economics

The President believes education is an economic imperative and key long-term investment for an economy built to last. Romney Economics is all about the short term. He didn’t make long-term investments in companies as a corporate-buyout specialist or in students’ education as governor, and he won’t make them as President.

Romney Economics: In both the public and the private sector, Romney favored short-term profits that helped only those at the top over long-term investments that helped everyone. He would do the same to our children’s education, putting budget-busting tax cuts for the wealthiest ahead of good schools and affordable higher education.

  • In Massachusetts: He cut funding for schools, forcing class sizes to go up. College costs skyrocketed as he cut funding for both schools and student aid. Meanwhile, his state plummeted to 47th out of 50 in job creation.
  • As President: He’d go back to subsidizing banks as middlemen in our student loan system. He’d let the President’s college tax credit expire, which helps students and families pay for tuition, fees and books. He’d also slash education investments to help fund tax breaks for millionaires and billionaires, and enact the Ryan budget that:
    • Would make college more expensive by cutting Pell Grants and let student loan interest rates double.
    • Could cut nearly $5 billion a year from our country’s schools, which would put teachers’ jobs at risk.

President Obama believes every child deserves access to quality schools and the ability to afford college or advanced training that prepares them for jobs of the future.

  • K-12: His education reforms spurred innovations in local schools, empowering 46 states to raise standards for our schools with no new mandates or taxpayer dollars.
  • No Child Left Behind: Since Congress wouldn’t act, he offered states relief from its mandates, giving them the opportunity to pursue the flexibility to use local solutions to improve their schools and increase accountability.
  • Student Loans: He reformed federal student loans so we’re investing in students, not banks, and he capped payments so it will be easier for 1.6 million students to repay their loans. He’s fighting to stop interest rates on federal student loans from doubling for more than 7 million students.
  • Paying for College: He created and extended a tax credit worth up to $10,000 over four years of college and expanded Pell Grants to help nearly 4 million more students.