At the State of the Union last week, President Obama briefly discussed his thoughts on the current and future state of higher education. Although education was a short topic in the broader discussion, the White House has since released a statement that outlines the Obama Administration’s plan to make college affordable for everyone.
The plan ultimately breaks down into five measures that the current administration feels need to take effect in order to reach that goal.
- More aid will be favored towards the schools that keep tuition costs low.
- States will be rewarded for making the necessary changes in order to contain tuition costs.
- There will be a First in the World competition to support colleges as they work towards making higher education more attainable.
- A “College Scorecard” will be available for families to reference to better understand college costs and graduation rates.
- There will be support on the federal level to lower costs.
As we have reported, the Obama Administration has already moved forward with increasing the maximum amount a student can receive through a Pell Grant and the “Pay as You Earn” plan, which will provide students the option of capping student loan repayments at 10% of their monthly income.
Each of these newer initiatives will build on the progress that the Obama Administration has already made in helping to make college more affordable.
What do you think of President Obama’s education plan?