Financing the dream : securing college affordability for the middle class / Middle Class Task Force, the Vice President of the United States.

Format:

Book

Government document

Author/Creator:

United States. Middle Class Task Force

Series:

Staff report (United States. Middle Class Task Force)

Staff report

Language:

English

Subjects (All):

College costs--Government policy--United States.

College costs.

Prepaid tuition plans--United States.

Prepaid tuition plans.

Education, Higher--United States--Finance.

Education, Higher.

College costs--Government policy.

Education, Higher--Finance.

United States.

Physical Description:

1 online resource (17 pages) : illustrations

Other Title:

Securing college affordability for the middle class

Place of Publication:

[Washington, D.C.?] : Middle Class Task Force, the Vice President of the United States, [2009?]

Summary:

"A central goal of the White House Task Force on the Middle Class is to ensure that public policy is helping middle-class families to realize their aspirations. At the heart of those aspirations is the deep-seated desire of parents to ensure that their children have the opportunity to realize their potential. For many families, this means making sure their children can afford a college education. And for many of those same families, this challenge has been growing for years, such that today, paying for college strains many family budgets to the breaking point. This staff report focuses on the challenges of paying for college in America today. The report briefly outlines the problem before turning to potential solutions. We focus only 'briefly' on the challenges facing families because this problem is well understood: the growth of college tuition is far outpacing that of family income. Some of this difference can be made up through borrowing for college, which is an important and nearly universally pursued option that we discuss in detail below. But parents ought to be able to put their children through college without assuming crushing debt burdens or placing those burdens on their children. It is also the case that in recent years, various problems have surfaced in the student loan market; we have attempted to address these problems in the Obama administration's budget, which is currently under debate in the United States Congress. This report focuses mostly on solutions, exploring policy steps that have already been taken and new steps that should be considered in order to make college more affordable to all families who aspire to provide a college education for their children. President Obama has set a goal that by 2020, America should once again lead the world in the proportion of adults with a college degree. This does not imply that every high school graduate should attain at least a bachelor's degree, but the President is committed to making sure that every student has the opportunity to earn a postsecondary credential or degree."--Page 1

Notes:

Title from title screen (viewed February 25, 2010).

Other Format:

Print version: Financing the dream

OCLC:

528872571