In the most obvious is the first gift policy Obama announced a plan to consolidate and reduce student debt. It would give people who have both direct government student loans and government-backed private loans to consolidate their debts into a single loan from the government.

The second part of his plan would cap the payments at a fixed level. The current rules limit the amount paid by college graduates and 15% of their income, with all debts forgiven after 25 years of payments, but this step will allow borrowers to pay only 10% of revenues, with loans forgiven after 20 years, which makes it easier to hire more debt and pay it back. According to the Associated Press that the plan will affect more than 1.5 million Americans.

As a policy, this plan is simply a matter of interest and strengthens the culture of irresponsible lending that led to the housing bubble. Think about it: if you can take your private loans and roll into a public program (eg, the Federal Family Education Loan Program), and then these loans are forgiven, then what is the point and severally to pay them back?

Aside from the fact that it's not fair - especially for children who have been repaying their loans on time. Obama's proposals is likely to worsen the current problem that exists in our system of higher education: teaching awards climbing. With easy availability of debt, which does the college have an incentive to reduce costs?

A look at the facts shows that the interest rates on loans are not a problem, because they are already low. The problem is the principle that students increasingly need to borrow to pay for these expensive schools, which must be added to their teaching is an out-of-control step.

The largest increase in the cost of college has come in the last ten years, according to a report published this week by the College Board. "Teaching and fees for public four-year universities and colleges increased by 5.6% per annum on the amount of general inflation was ... Posted in lessons, full board and fees average $ 16,140 for '-. 2010-11 academic year growth of 6.1% over the previous year, "said ABC News.

More education means more borrowing. The report also shows that "for the 2010-2011 school year, total loans, including federal loans, private loans and mother, rose 2% to nearly 112 billion U.S. dollars," according to ABC.