President Obama 2.0: 4 more years!

8 Nov

Early on the morning of November 7, 2012 from Chicago, IL: Re-elected President Barack Obama celebrates his victory alongside his wife Michelle Obama as well as Vice President Joe Biden and wife Jill

At approximately 12:00 a.m. on November 7th, 2012, Barack Obama and his family learned that they would not need to find a new place to live in 2013.  It was at this time that President Obama, who had anxiously been awaiting results all night from the Democratic Headquarters in Chicago, Illinois, earned the more than 270 electoral votes needed to win the Presidency.  The celebrations of Obama supporters continued throughout the early morning hours of November 7th as the electoral votes for President Obama climbed from 270 to a total of 303.  President Obama gained 60,652,238 popular votes to defeat Governor Mitt Romney who gained only 57,810,407 votes.  The race was a tight one as news stations everywhere covered the progress of the election and results from all fifty states trickled in one at a time.  Around the time that President Obama won the majority in the electoral college, Mitt Romney gave his speech conceding to defeat and gave his best wishes to the new two-term President in saying “I pray that the President will be successful in guiding our nation.” President Obama thanked his supporters in his victory speech and stated, “We know in our hearts that for the United States of America, the best is yet to come.”

So what does another four years of the Obama administration mean for higher education? More federal spending towards colleges and universities will come in the form of an increase in funding for the Pell Grant program.  Community colleges will be partnered with businesses in order to train and produce workers specifically for jobs in these businesses. With the implementation of President Obama’s student loan reform, the amount graduates pay back on their loans each month will be capped at 10% of their income.  President Obama’s administration is working to lower tuition costs in order to increase accessibility to college using all of the aforementioned methods but reducing the federal deficit will also be of concern.  Will his policies work? Will the number of college graduates increase? Will student loan debt decrease? Will higher education experience a change for the better between now and 2016? As I support President Obama’s policies, I believe they will have a positive impact but in reality we, the American people, will just have to wait and see!

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