U.S. President Barack Obama says
higher education in America has "never
been more important," but has also
"never been more expensive."
Obama said in his weekly address
Saturday that he was proposing "major
new reforms" designed to make college
more affordable and to make it easier
for people to pay for their education.
President Obama said the reforms
included a proposal to help Americans
manage their existing student debt by
capping monthly payments at 10 percent
of their income. He said the average
student now graduated more than
$26,000 in debt.
Obama said the reforms would not be
"popular" with everyone, but "the path
we're on now was unsustainable."
Governor Mike Pence of Indiana
delivered the Republican address. He
bemoaned the upcoming
implementation of the Affordable Care
Act - also known as "Obamacare" -
aimed at providing low-cost heath
insurance for millions of Americans.
Pence said the new health care law
would weigh down the economy and
eliminate jobs, "making the future bleak
for too many families."
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