“This country is only going to be as strong as our next generation.”
So declared President Obama today as he rolled out his plans for education reform in front of a crowd of students and supporters at the University at Buffalo -- the first stop on his two-day bus tour through New York and Pennsylvania. But, if the current trajectory continues, it seems the next generation is going to be buried under thousands of dollars of college debt .
After beaming how his administration worked to "fix the auto industry" and “fix a broken health care system,” which won cheers from the audience, Obama turned to his main focus which was higher education and student loan debt. Considering the cost of public college has gone up 250 percent over the past two decades, and college students collectively now owe $1 trillion in outstanding loan debt, the burden these paybacks place on students and families is a significant topic indeed.
Obama listed his three main proposals for education reforms as follows:
One thing’s for sure, if college’s spiraling debt doesn’t come under control, Obama’s “Higher education is the best investment you can make in your future” line will become just another empty statement.
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