President Obama in his weekly address last week actually acknowledged the high cost of college tuition after the White House’s announcement of the president’s plan to expand college opportunity ignored the problem Wednesday.
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Unfortunately, Obama didn’t offer any tidbits about how he himself will continue to fight the high cost of college; he instead called upon universities and Congress to fix the problem and merely patted himself on the back for what he believes his administration has accomplished on the issue.
“We reformed a student loan system so that more money goes to students instead of big banks,” explained Obama. “We expanded grants and college tax credits for students and families. We took action to offer millions of students a chance to cap their student loan payments at 10% of their income. And Congress should pass a bill to let students refinance their loans at today’s lower interest rates, just like their parents can refinance their mortgage.”
He singled colleges out specifically for not doing enough to ameliorate rising tuition costs.
“As long as college costs keep rising, we can’t just keep throwing money at the problem – colleges have to do their part to bring down costs as well,” added Obama.
Ironically, the president himself — and specifically his disastrous health care law — has contributed to rising tuition costs. For example, the University of South Carolina was forced to hike student tuition by 3.2 percent in order to pay for the $4.5 million Obamacare bill.
The president certainly has some nerve demanding college cut costs when he is simultaneously costing them.
On Wednesday, then White House unveiled its plan to expand college opportunity, which surprisingly ignores the fact that the big reason young individuals are unable to attend college is the magnanimous cost of higher education.
Though Obama might insist that he’s “working to make sure young people … can go to college without racking up mountains of debt,” his actions suggest otherwise.
