Daily Archives: September 28, 2010

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Obama states goals, answers questions in student-focused teleconference

“We have fallen behind,” President Barack Obama opined during a college-focused teleconference held Monday. “In a single generation we’ve fallen from first to twelfth in college graduation rates for young adults.” Still, the president proclaimed that, with better incentives on the part of the government and a more refined focus on the nation’s future, “by 2020, we once again [can be] number one and have the highest proportion of college graduates in the world.”

“First of all, we’re making college more affordable,” Obama explained. “For example, we’ve changed the way federal student loans are administered.  Instead of handing over $60 billion in unwarranted subsidies to big banks that were essentially getting this money even though the loans were guaranteed by the federal government, we’re redirecting that money so that it goes directly to students.”

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