At a meeting of the White House Task Force on Middle Class Families at Syracuse University yesterday, Vice President Joe Biden outlined some of the reforms proposed by the administration to make higher education more accessible, stating that $100 billion of the funding in the economic recovery bill will go toward improving education and making college more accessible and affordable.  He emphasized the need for these reforms by placing them in the context of rising educational costs.

He said the cost of a college education has risen 10 times as fast as the median income for middle-class families.

The average annual cost of a college education is $34,000 at a private school and $14,000 at a public school, he said.

Last year, college students borrowed $80 billion, a 16 percent increase over the year before.

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In response, the Obama administration has implemented a collection of initiatives: Increased tax credits for college tuition, increasing the maximum Pell grant from $4,700 to $5,500, more generous education benefits for military veterans, and cutting $9 billion in subsidies to banks for student loans to increase the amount of money available to students.

via Biden says education funding is ‘big deal’ – RocNow.com.

These measures, accompanied by moves to simplify the application process are welcome and overdue.  I hope the administration is successful in getting them passed.