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August 21, 2013

Obama to Offer Plans to Ease Burden of Paying for College

WASHINGTON — President Obama will offer a series of proposals this week aimed at making college more affordable by reshaping the way Americans pay for higher education, he said in an e-mail to supporters on Tuesday.

In the message, Mr. Obama promised to take action to confront the financial challenges facing an increasing number of students and their families. The average tuition at four-year colleges has tripled over the past three decades, and students who take out loans are left, on average, with $26,000 in debt, he said.

“To create a better bargain for the middle class, we have to fundamentally rethink about how higher education is paid for in this country,” Mr. Obama said. “We’ve got to shake up the current system.”

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