WASHINGTON (AP) — President Barack Obama is proposing to keep college affordable by yanking federal aid from colleges that don’t keep tuition down and provide good value.
Obama also called on Congress Tuesday to keep interest rates down on subsidized federal student loans. And he wants to make more work-study jobs available for students who are paying their own tuition.
As he has in the past, Obama asked Congress to permanently extend a tuition tax credit that pays up to $10,000 over four years.
The proposals came as part of Obama’s State of the Union address, which focused on boosting economic opportunity. Part of Obama’s argument focuses on the need to keep college within reach for middle-class families. He’ll discuss college affordability in greater detail during a trip to Michigan on Friday.
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