Entries in Financial Aid (2)


Obama Ad Tells Romney to ‘Get Real’ on College Aid

JIM WATSON/AFP/GettyImages(WASHINGTON) -- The Obama campaign opened a new line of attack on Mitt Romney in its latest swing state TV ad, seizing on the Republican’s approach to financing higher education.

The 30-second spot says Romney wants to cut federal college aid for millions of students and encourage them to go into debt, replaying several times this line from a March speech at Otterbein University:  “Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business,” Romney said.

In response, says the Obama ad’s narrator:  “Get real, Mitt.”

Obama is portrayed positively for doubling funding for Pell grants and capping repayment rates for some federal student loans in his first term.

In response to the ad, the Romney campaign pointed to the rapidly rising college costs and levels of student debt over the past three and a half years.

“Under President Obama, the costs of college have skyrocketed – making it more difficult for students to attend college – and his economic policies have made it harder for graduates to get jobs,” said Romney spokeswoman Amanda Henneberg.

“Mitt Romney will encourage innovation and competition to make college more affordable, and his economic policies will give recent graduates the job opportunities they deserve,” she said, highlighting a contrast between the candidates on how to help more young people afford college.

The ad — dubbed “Get Real” — begins airing today in Colorado, Iowa, Nevada, Ohio and Virginia.  It’s the Obama campaign’s third TV spot on higher education, but first on education to mention Romney.

Copyright 2012 ABC News Radio


Adm. Mullen 'Cautions Against' Stopping Aid to Egypt

Photo Courtesy - Mandel Ngan/AFP/Getty Images(NEW YORK) -- The president’s top military advisor said the U.S. should wait before taking action and suspending any of the $1.5 billion in annual aid to Egypt if President Mubarak does not step down.

“There is a lot of uncertainty out there and I would just caution against doing anything until we really understand what’s going on,” Admiral Mike Mullen told ABC News on Friday.  “I recognize that certainly is a significant investment, but it’s an investment that has paid off for a long, long time.”

The Chairman of the Joint Chiefs of Staff has been in contact with his counterpart in Egypt who assured him that the military would remain neutral and not fire on the Egyptian people.

Regarding Egyptian President Hosni Mubarak's remarks that chaos would ensue if he left office immediately, Mullen said it is too early to tell how the country would react.

“That’s why an orderly, and in accordance with what the Egyptian people want here in terms of the transition.  Our president has made it very clear that he would like to see that move reasonably quickly,” Mullen said.  “But at the same time this is really up to the Egyptian people and the Egyptian government.”

As protests are being seen in Jordan and Yemen, Mullen said U.S. forces are in a state of increased awareness but have not raised the alert or threat levels.

“We are obviously very focused on this throughout the region.  One of the things is it is moving pretty quickly…and we have plenty of military presence throughout the region as well,” he said.

Copyright 2011 ABC News Radio

ABC News Radio