NAICU - State of the Union Speech Leaves Many Questions Unanswered

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State of the Union Speech Leaves Many Questions Unanswered

Chronicle of Higher Education

January 26, 2012

For a speech that often hovers around the 30,000-foot level, President Obama's third State of the Union address was surprisingly specific, containing concrete policy recommendations. But Mr. Obama said nothing about how he would pay for his proposals, which include extending the $2,500 American Opportunity Tax Credit; doubling the number of Federal Work Study jobs, to 1.4-million; and keeping the interest rate on subsidized student loans at 3.4 percent. Mr. Obama also made no mention of Pell Grants, the cornerstone of the federal student-aid programs and their biggest-ticket item by far.

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