President Obama discusses revamping government college loan programs. For more news video by Current TV visit current.com VIEW more Obama videos & SUBSCRIBE to the YouTube playlist here… www.youtube.com

We know that a government student loan monopoly is just right for you. After all, what could go wrong with politicians owning everything? Warning: May cause hilarity.

By carefully choosing student loans, grants, and scholarships as part of your entire college financial aid package, you can avoid going into heavy college debt. Kimberly Palmer, senior editor for US News, discusses financial aid tips to help in paying for college and minimizing student debt and the differences between private loans and federal college loans. For more college financial aid advice go to www.usnews.com