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Obama takes on college costs and challenges in weekly address

Obama takes on college costs and challenges in weekly address

Source: www.dailykos.com - Saturday, August 16, 2014
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. President Obama focused on multiple parties—parents, students, colleges—and offered an overview of multiple programs he's fighting to implement to ensure that more Americans move on to get post-secondary education in America. That education, he said, is the ticket to higher income and to a solid footing in the middle class. 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. He closed with an exhortation to students to challenge themselves, work hard and aim for college. To read the transcript in full, check below the fold or visit the W

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