Earlier this week, Organizing For America sent out the email below, highlighting President Obama's plan to remake the student loan system by eliminating wasteful subsidies to banks and investing the savings in America's young people. Check it, and the video from President Obama, out:


---------- Forwarded message ----------
From: Addisu Demissie, BarackObama.com <info@barackobama.com>
Date: Tue, May 5, 2009 at 8:32 AM
Subject: VIDEO: Students deserve better

You know how important financial assistance is for students across America who dream of a brighter future. That's why we need your help to fix a broken system.

Right now, taxpayers are paying a massive subsidy to the banks that currently make most student loans. It's a system that wastes taxpayer dollars -- money that could instead help students afford college -- while helping banks make massive profits.

That's money that we can't afford to waste, which is why President Obama wants to use it to expand Pell Grants, offer tuition tax credits, and launch college completion programs for students who need it.

<a href="http://my.barackobama.com/page/s/studentloans">Watch the President lay out his vision for a new student loans system and tell Congressional leaders that you support it.</a>

President Obama's American Recovery and Reinvestment Act already dramatically increased college affordability, providing relief to as many as 13 million families with currently enrolled students.

But President Obama's plan for federal direct lending will build on these gains and help provide steady funding to ensure that the door to college is open to every American.

The special interests -- bankers, lenders, and their lobbyists -- are lining up against this plan, and that's why I'm asking for your help.

Stand with the President now. Please contact the leaders in Congress who can make a real difference -- add your voice:

<a href="http://my.barackobama.com/StudentLoans">http://my.barackobama.com/StudentLoans</a>

Thanks,

Addisu

Addisu Demissie
Political Director
Organizing for America

P.S. -- Today is the deadline to apply for Organizing for America's ten-week summer organizing fellowship. If you are dedicated to the mission of reviving our economy, making our country the leader in clean energy, and providing health care for every American, don't miss this opportunity. No prior experience is necessary, but please hurry -- the deadline is midnight tonight, May 5th. Apply now.