President Obama has made College access and affordability for all Americans a goal of his Presidency. In the 2012 State of the Union address the President outlined several measures that he believed would make College more available to Americans. The first step was to begin to change the structural system of Federal Aid to Colleges. The administration proposed that colleges who managed to maintain a lower tuition would receive more federal aid while those colleges who fail to keep net-tuition down would have their federal aid cut. Obama claims that the program will incentivize colleges to keep tuition low and that prior systems of federal aid did nothing to encourage this. The new system would reward colleges on the criteria of low tuition, quality education, and serving low income and Pell Grant students. Obama also promised to start a Race to The Top incentive program that would reward states that would systematically change their higher education to improve completion and affordability. Further the administration offered to reward both colleges and non-profit organizations who create break through strategies in revolutionizing education and spreading and funding techniques that have proven effective. The President than called for a College Score Card that would allow families to compare college costs, estimated future earnings, and graduation rates of each college so that they can make an informed choice as two what college may be the best choice for them. Finally the administration offered increased funding to Pell Grants and maintained its commitment to keeping student loans low. The administration also toted the Pay as You Earn Program which caps yearly student loan payments at 10% of monthly income to stop student loans from pushing graduates into poverty.
White House (January 27, 2012). FACT SHEET: President Obama’s Blueprint for Keeping College Affordability and Within Reach for All Americans. The White House. Retrieved from https://www.whitehouse.gov/the-press-office/2012/01/27/fact-sheet-president-obama-s-blueprint-keeping-college-affordable-and-wi.