President Obama addressed all college and university heads, asking them to try and make their institutions more affordable. This plea was in response to unreasonable (and still climbing) tuition costs all over America. His reasons are many: colleges are wasteful with tuition money, loan programs are unnecessary, only serving to "line the pockets" of the banks, and that high tuition costs would deter students from even considering college.
Date: 04-24-09
Link: Obama Chides Colleges to Curb Spiraling Tuition
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