Obama’s SOTU: Relieving the Costs of Education
1 Feb
The New York Times reports on Obama’s State of the Union address, and what he said about the cost of education.
Midway through his State of the Union address Wednesday night, President Obama acknowledged those listeners and viewers whose student loan debt payments are so onerous as to exceed their income.
“In the United States of America,” he said, “no one should go broke because they chose to go to college.”
That line, which received bipartisan applause from the House chamber, referred in part to a plan announced by the administration on Monday. It is intended to make it easier for college graduates in low-paying jobs to work off their debt. Specifically, the proposal would limit student loan payments to 10 percent of the borrower’s discretionary income.
The rest of the article can be read here.
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