US Presidency
2013

We took action to cap loan repayments at 10 percent of monthly incomes for responsible borrowers. A lot of young people don't know this, but if you've taken out federal loans, then if you choose a job, let's say, that doesn't pay as much as you'd like or you deserve, if you're a teacher or some other profession, you only have to pay 10 percent of your income, which means that you can afford to go to college and know that you're not going to be broke when you graduate which is important. And not enough young people are using this. As we speak and then, as we speak, we're working with both parties to reverse the doubling of student loan rates that happened a few weeks ago because Congress didn't get its act together. We've got to get student loan rates interest rates back down. So these are all good steps, but here's the problem and this is where what's happening at University of Central Missouri is so important.