If you’ve searched for “Obama Loan forgiveness” in your favorite search engine, then chances are that you’re looking for information on how to soften the blow of student loans that may have been accrued during the pursuit of your education. This term for students is actually a nickname used for a program that is otherwise known as the William Ford Direct Loan program. However, the reason that it has obtained this name is many people only know about the process because of changes made by President Obama during 2010.