In today's challenging economy, earning a college degree has never been more important – or expensive. Following President Barack Obama's recent announcement to reform the way that students can repay their loans, the House of Representative's subcommittee on education discussed ways in which the cost of attending a university can be lowered, reports The Chronicle of Higher Education.
Views on President Obama's plans were mixed, with Representative Virginia Foxx, a Republican from North Carolina, saying that the proposals did not do enough to address the growing problems of student debt and rising tuition costs. Democratic Representative Rubén E. Hinojosa of Texas, however, supported Obama's plan and urged the subcommittee to consider ways of making higher education more accessible.
"It's vitally important that we do not create new obstacles for low-income, first-generation, and nontraditional and minority students," Hinojosa said, as quoted by the news source. He added that students from such groups were sending out more college applications than ever.
Discussions on student loan debt, which is approaching $1 trillion for the first time, have been high on many political agendas. According to The New York Times, the U.S. Secretary of Education Arne Duncan recently called for a renewed sense of urgency in the discussions, and said that that higher education officials need to think more creatively about how to solve the escalating problem of student debt.
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