Wednesday, February 29, 2012

Obama outlines incentive plan to reduce college tuition costs

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Obama outlines incentive plan to reduce college tuition costsSmaller TextLarger TextText SizePrintE-mailReprints By David Nakamura and Daniel de Vise,

ANN ARBOR, Mich. — President Obama offered a plan Friday to reduce the costs of higher education by increasing the amount of federal grant money available in low-interest loans and tying it directly to colleges’ ability to reduce tuition.

In an impassioned speech before 4,000 students at the University of Michigan, Obama delivered an election-year pitch to the type of youthful audience that buoyed his 2008 campaign, saying his administration was putting colleges “on notice” that they must rein in soaring prices.

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