Biden discusses access and affordability in higher education during FSU visit
During a speech at Florida State University about the importance of preserving access and affordability in higher education, Vice President Joe Biden suggested doubling the number of federal college work-study jobs and helping graduates repay their student loans in a more sensible way.
"We could increase the number of work-study jobs from 700,000 to 1.4 or 1.5 million, and we could say that graduates will not have to pay more than 10 percent of their annual incomes to repay a student loan," said Biden, speaking to nearly 1,000 students, faculty and staff members on Feb. 6 at the FSU Basketball Training Facility.
To illustrate the challenges facing higher education in America, Biden said that the nation's average student-loan debt is $25,000. He also quoted a national poll that found more than 50 percent of Americans think that getting a college degree is no longer worth the cost because of high student-loan debt.
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