On the recordFebruary 7, 2012
Just recently President Obama offered a plan to reduce the high costs of higher education by putting pressure on colleges and universities to reduce tuition rates. Under the plan, colleges would be rewarded based on their ability to offer relatively lower tuition fees, provide value, and serve low-income students. This plan also coincides with key proposals by President Obama to make higher education more affordable, including a strategy President Obama announced last fall to consolidate Federal student loans and lower interest rates to help college graduates pay off their debt. The American Dream is all about providing Americans the opportunity to succeed if they work hard. Every American family should be able to afford higher education. Every young person should have a chance. I commend President Obama for his commitment to American families and for making higher education an economic imperative. ____________________
