education is to fund the Pell Grant which is a federal grant for students in financial need, according to his official campaign website. Obama signed the Student Loan Reform in 2010 that allows students to refinance loans and pay a monthly check. According to the campaign website, students would not have to make loan repayments over 10 percent of their income. The remaining debt will be forgiven after 20 years and 10 years for teachers, nurses, members of armed services and public service careers. Romney's agenda was to strengthen and simplify financial aid systems. According to Romney's official campaign website, he wanted to increase grant funding, stop tuition increase and welcome the private sector, which are companies for profit that are not government controlled. Robert Fisher, Franklin, Tenn., sophomore and SGA treasurer, said that he encourages investments in financial aid but the private sector is already contributing to students and providing scholarships. He said the government cannot tell a university to lower tuition when it is expanding in population. "It's a battle between practicality and optimism," Fisher said. More than 2,000 UTC undergraduate students who get financial aid receive HOPE Need, which is for HOPE recipients, and TSAA, a state grant, Cox said.