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Obama's Advice On How To Make More Money

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Transcript: Hi, everybody. Over the next couple weeks, schools all across the country will be opening their doors. Students will suit up for fall sports, marching band, and the school play; moms and dads will snap those first-day-of-school pictures -- and that includes me and Michelle. And so today, I want to talk directly with students and parents about one of the most important things any of you can do this year -- and that’s to begin preparing yourself for an education beyond high school. We know that in today’s economy, whether you go to a four-year college, a community college, or a professional training program, some higher education is the surest ticket to the middle class. The typical American with a bachelor’s degree or higher earns over $28,000 more per year than someone with just a high school diploma. And they’re also much more likely to have a job in the first place – the unemployment rate for those with a bachelor’s degree is less than one-third of the rate for those without a high school diploma. But for too many families across the country, paying for higher education is a constant struggle. Earlier this year, a young woman named Elizabeth Cooper wrote to tell me how hard it is for middle-class families like hers to afford college. As she said, she feels “not significant enough to be addressed, not poor enough for people to worry [about], and not rich enough to be cared about.” Michelle and I know the feeling – we only finished paying off our student loans ten years ago. And so as President, I’m working to make sure young people like Elizabeth can go to college without racking up mountains of debt. We reformed a student loan system so that more money goes to students instead of big banks. We expanded grants and college tax credits for students and families. We took action to offer millions of students a chance to cap their student loan payments at 10% of their income. And Congress should pass a bill to let students refinance their loans at today’s lower interest rates, just like their parents can refinance their mortgage. But as long as college costs keep rising, we can’t just keep throwing money at the problem -- colleges have to do their part to bring down costs as well. That’s why we proposed a plan to tie federal financial aid to a college’s performance, and create a new college scorecard so that students and parents can see which schools provide the biggest bang for your buck. We launched a new $75 million challenge to inspire colleges to reduce costs and raise graduation rates. And in January, more than 100 college presidents and nonprofit leaders came to the White House and made commitments to increase opportunities for underserved students. Since then, we’ve met with even more leaders who want to create new community-based partnerships and support school counselors. And this week, my Secretary of Education, Arne Duncan, announced a series of commitments to support students who need a little extra academic help getting through college. This is a challenge I take personally. And to all you young people, now that you’re heading back to school, your education is something you have to take personally, also. It’s up to you to push yourself; to take hard classes and read challenging books. Science shows that when you struggle to solve a problem or make a new argument, you’re actually forming new connections in your brain. So when you’re thinking hard, you’re getting smarter. Which means this year, challenge yourself to reach higher. And set your sights on college in the years ahead. Your country is counting on you. And don’t forget to have some fun along the way, too. Thanks everybody. Good luck on the year ahead.
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Text Comments (28)
gterobert (2 months ago)
since being president he has become a multimillionare only making $500k a year ; how did Hillary do that also? hmm college is good but we all know that. but many jobs arent offering pensions anymore, stores are closing like Toys R Us, Carson Pirie Scott, Sears, some Kmarts and more.
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Albert James (8 months ago)
That is the reason usa is in a debt
Lee Hammermeister (9 months ago)
Advice on how to churn out more average
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Great , thanks President!!! You are the best!
kilo (1 year ago)
Better than what trump is doing
gterobert (2 months ago)
Go Trump.
Lrdvltr (6 months ago)
How so? Do you even realize how much damage Obongo & the 3 presidents before him did to the US ?
Andy Dirtmonkas (1 year ago)
na na na na na na na na hay hay hay good bye but I hope that girls problems get solved
Andy Dirtmonkas (1 year ago)
you can also sell frozen murchindice, things with Elsa's face seems to cost more money than anything else a
DATBoi TIGG35 (1 year ago)
Bruh u know how long that was ago dumbass
Jackie 'Fuller (2 years ago)
how to make more money???  don't listen to this lying racist murderous terrorist!!!!  Hope you spend eternity in Hell!!!!
DATBoi TIGG35 (2 years ago)
President Obama 2016
Markus Williams (1 year ago)
I'm afraid that isn't allowed :'(
Brian Jimenez (2 years ago)
Trump 2016
heavilymedicated321 (2 years ago)
I think it's obvious how to make millions. Take Will Smith and make a dramatic movie about the first black president. You're welcome, Hollywood.
He takes such pride lying. He believes them too!
Rotter Tube Reef (2 years ago)
F U terrorist
Mercurious Magus (3 years ago)
How to make more money if you're poor? Become a criminal.
Angel Z (3 years ago)
All i gotta say is that this is horrible advice on making more money. But then again, if it wasn't for the working class "College Graduates" who would i hire? He's right! This country is counting on YOU! Go get those diplomas!
rich b (4 years ago)
Is this guy on crack ??? We graduate today over 100g in debt while He and the Cons are pushing for the TPP. A trade deal that will put millions of Americans out of work. If the President was for real, he would kill NAFTA and all the other Wall Street loving trade deals that have shafted the working and middle classes.
Lrdvltr (6 months ago)
So glad that trump killed that shit
geibjohann (4 years ago)
Wow my school (Edison Community College) refused my a diploma since they lost my transcript... they claim I need one more class after I have followed and completed the program recommended by chancellors. The worst part of it is that I have payed all out of pocket without assistance. The education system needs more responsibility and better service.
young whippersnapper (4 years ago)
Tkibbs14 (4 years ago)
Jim Weaver (4 years ago)
Finally, something that makes sense. Thank you Mr. President.

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