Obama Plans to Lower College Costs: "We've Got a Crisis"

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College seems to be getting pricier every year, and President Obama has proposed a plan to lower those rising costs, reports NBC Latino. The new plan has a few points, one of which would be rewarding colleges for enrolling and graduating low-to-moderate income students, and strengthening academic progress requirements for students receiving aid.

“We’ve got a crisis in terms of college affordability and student debt,” Obama told more than 7,000 students at the State University of New York at Buffalo. ”A higher education is the single most important investment students can make in their own futures. At the same time, it has never been more expensive."

He called for the rating system to be put into place by the 2015 year.

“It’s time to stop subsidizing schools that are not producing good results and reward schools that deliver American students of our future,” he said.

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