“Higher education is the door to a future of your own making. No American – regardless of their background or station in life – should be priced out of the education they want and need.”
~ President Barack Obama, March 10, 2015
Education Secretary Arne Duncan: The Student Aid Bill of Rights: Enhancing Protections for Student Loan Borrowers
The single most important investment anyone can make in their future is to pursue higher education. But the one thing I often hear from families is that they are worried about the cost.
Too many students are graduating from college feeling burdened by their student loan debt. The Obama Administration has – and will continue to – make college more affordable through increased Pell Grants and education tax credits, while improving transparency so that students and families have the information they need to select schools that provide the best value. Today, we are building on the Administration’s success helping students manage their debt and stay on track.
That’s why today, President Obama has proposed a new Student Aid Bill of Rights that outlines a series of new actions that direct the Department of Education, Department of Treasury, Office of Management and Budget, Office of Science and Technology Policy and Domestic Policy Council, working with the Consumer Financial Protection Bureau and the Social Security Administration, to make paying for higher education an easier and fairer experience for millions of Americans.
Video of President Obama’s Speech at the Georgia Institute of Technology in Atlanta, Georgia is below.