How Mitt Romney has handled student loan debt

Campus Progress compiled this amazing fact sheet on how Mitt Romney has handled any and all questions relating to student debt. "Enjoy."

1. If you can’t afford a student loan, just borrow money from your parents.

“We’ve always encouraged young people: Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business.” – Mitt Romney at Otterbein University in Ohio, 4/27/2012.

2. “Shop around” or join the military to make higher education more affordable. 

“The legislature in my state came together and said, ‘You know what, anyone that’s willing to serve in the National Guard, we’ll provide for tuition and fees for four years of college to make sure you get that start.’ So if you’re willing to serve, then we can be of more help. But my best advice is find a great institution of higher learning, find one that has the right price, and shop around. In America, this idea of competition, it works! [...] I want to make sure that every kid in this country that wants to go to college gets the chance to go to college. If you can’t afford it, scholarships are available, shop around for loans, make sure you go to a place that’s reasonably priced, and if you can, think about serving the country ’cause that’s a way to get all that education for free.” – Mitt Romney in Youngstown, Ohio, 3/5/2012

3. Let’s put the money from student loans back into the pockets of Wall Street.

“Now that the government’s taking over the student loan business, I think you’ll get less competition. I’d rather have more competition, with private lenders as well as government lenders,” Romney said. “The right course for America is for businesses and universities and colleges to compete, and for us to make sure that we provide loans to the extent we possibly can at an interest rate that doesn’t have the taxpayers having to subsidize people who want to go to school… I know there will be some who get up in a setting like this and give you a bunch of government money, free stuff… but  that’s not who I am.” – Mitt Romney in Toledo, Ohio, 2/29/2012 Romney switched his position in late April as the student loan interest rate debate started to heat up, despite his earlier stance that government was not responsible for helping students pay back their loans.

4. Don’t go to a college you can’t afford because the government isn’t going to help you out.

“It would be popular for me to stand up and say I’m going to give you government money to pay for your college, but I’m not going to promise that,” Romney said. “Don’t just go to one that has the highest price. Go to one that has a little lower price where you can get a good education. And hopefully you’ll find that. And don’t expect the government to forgive the debt that you take on.” – Mitt Romney in Youngstown, Ohio, 3/5/2012 “I think this is a land of opportunity for every single person, every single citizen of this great nation. And I want to make sure that we keep America a place of opportunity, where everyone has a fair shot. They get as much education as they can afford and with their time they’re able to get and if they have a willingness to work hard and the right values, they ought to be able to provide for their family and have a shot of realizing their dreams.” – Mitt Romney in Sterling, Virginia, 6/27/2012

5. Support the Romney-Ryan budget plan, which hacks away at education funding.

I’m very supportive of the Ryan budget plan. It’s a bold and exciting effort on his part and on the part of the Republicans and it’s very much consistent with what I put out earlier. I think it’s amazing that we have a president who three and a half years in still hasn’t put a proposal out that deals with entitlements. This president’s dealing with entitlement reform — excuse me — this budget deals with entitlement reform, tax policy, which as you know is very similar to the one that I put out and efforts to reign in excessive spending. I applaud it. It’s an excellent piece of work and very much needed.” – Mitt Romney in Chicago, 3/20/2012. It’s worth noting that the Ryan budget plan would cut $200 billion from the Pell Grant program and would negatively impact more than 1 million students. In addition, student loan rates would double.

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