How Obama Could Help Pay Your Tuition
President elect Barack Obama has vowed to make education a top priority. But what does that mean for you?
According to Education.com, America lags behind many nations in the world when it comes to making college affordable.
To make college more affordable for Americans, Obama plans center around two goals: his American Opportunity Tax Credit and freeing up more money for aid by using public instead of privately funded loan providers.
Obama said his tax credit will ensure that, “The first $4,000 of a college education is completely free for most Americans, and will cover two-thirds the cost of tuition at the average public college or university,” he says. “And by making the tax credit fully refundable, my credit will help low-income families that need it the most.”
Additionally, Obama says he wants to make math and science education a national priority, noting that 80 percent of the fastest growing occupations are dependent upon a knowledge base in science and math, yet studies show American students do not graduate with the skills needed for these fields, Education.com reported.
According to Obama, “A truly historic commitment to education — a real commitment will require new resources and new reforms.” He said, “It will require a willingness to break free from the same debates that Washington has been engaged in for decades — Democrat versus Republican; vouchers versus the status quo; more money versus more accountability. And most of all, it will take a President who is honest about the challenges we face — who doesn’t just tell everyone what they want to hear, but what they need to hear.”
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