Weekly Address: Everyone Should Be Able To Afford Higher Education
Source: White House
In this week’s address, with schools getting ready to open their doors again over the next few weeks, the President talked directly to students and parents about the importance of preparing for an education beyond high school. In today’s economy, some higher education continues to be the surest ticket to the middle class, but for too many families across the country, paying for higher education is a constant struggle. The President and First Lady know this first hand – they only finished paying off their student loans ten years ago – and that’s why they have made it a priority to help make college more affordable for families. They have taken action to reform student loans, expand grants and college tax credits, help make loan payments more manageable, and have proposed plans to make sure colleges also do their part to bring down costs. And just this week, as part of the President’s Year of Action, the administration announced a new series of commitments to support students who need a little extra academic help getting through college.
Read more: http://www.whitehouse.gov/the-press-office/2014/08/15/weekly-address-everyone-should-be-able-afford-higher-education
http://www.whitehouse.gov/briefing-room/weekly-address
Transcript
(snip)
We know that in today’s economy, whether you go to a four-year college, a community college, or a professional training program, some higher education is the surest ticket to the middle class. The typical American with a bachelor’s degree or higher earns over $28,000 more per year than someone with just a high school diploma. And they’re also much more likely to have a job in the first place – the unemployment rate for those with a bachelor’s degree is less than one-third of the rate for those without a high school diploma.
But for too many families across the country, paying for higher education is a constant struggle. Earlier this year, a young woman named Elizabeth Cooper wrote to tell me how hard it is for middle-class families like hers to afford college. As she said, she feels “not significant enough to be addressed, not poor enough for people to worry [about], and not rich enough to be cared about.”
Michelle and I know the feeling – we only finished paying off our student loans ten years ago. And so as President, I’m working to make sure young people like Elizabeth can go to college without racking up mountains of debt. We reformed a student loan system so that more money goes to students instead of big banks. We expanded grants and college tax credits for students and families. We took action to offer millions of students a chance to cap their student loan payments at 10% of their income. And Congress should pass a bill to let students refinance their loans at today’s lower interest rates, just like their parents can refinance their mortgage.
But as long as college costs keep rising, we can’t just keep throwing money at the problem -- colleges have to do their part to bring down costs as well. That’s why we proposed a plan to tie federal financial aid to a college’s performance, and create a new college scorecard so that students and parents can see which schools provide the biggest bang for your buck. We launched a new $75 million challenge to inspire colleges to reduce costs and raise graduation rates. And in January, more than 100 college presidents and nonprofit leaders came to the White House and made commitments to increase opportunities for underserved students.
= new reply since forum marked as read
because there are DUers who insist that a weekly address (purportedly in the manner of their fantasy version of FDR and his sporadic "Fireside Chats"
doesn't exist. 
I listened to this on the local news station here this morning and the "bang for your buck" initiative seems interesting.
I would never hear it, if I didn't go to the site every Sat. I don't know where else to find it other than You Tube White House, so I'm not sure how many others know where to find it.
