President Obama will make his Tumblr debut on Tuesday at 4 p.m. to answer questions about higher education.
President Obama will issue an executive order Monday afternoon that will permit at least 5 million people to cap their student loan payments at 10 percent of their monthly income.
College and university presidents (who overwhelmingly supported the Obama campaign in 2012) are more skeptical than expected about the President's effort to reform federal financial aid, according to a recent poll. The most controversial part of the reform proposal includes instituting a national system of ratings and tying federal funding to highly-rated schools.
The federal government posted a $41.3 billion profit on student loans last fiscal year, while student debt soared past $1 trillion.
President Obama has gone on a college-affordability blitz over the last week, preaching to choirs of students that his new proposals will make college cheaper and easier to pay for.
President Obama shares his education reform proposals with students at the University at Buffalo.
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