Tuesday night, President Barack Obama delivered his annual State of the Union address to members of Congress and one of the issues he commented on was the state of higher education.
“Higher education can’t be a luxury,” President Obama said, warning colleges and universities. “If you can’t stop tuition from going up, the funding you get from taxpayers will go down.”
Among some of his proposed ideas to keep college affordable, Obama called on Congress to keep interest rates down on subsidized federal student loans, make more work-study jobs available for students who are paying their own tuition, and permanently extend a tuition tax credit that pays up to $10,000 over four years. Each of these ideas are focused on boosting the current economy and keeping college within reach for middle-class families.
According to The Huffington Post, the President will be discussing college affordability in greater detail during his trip to Michigan on Friday.