“We need to modernize our higher education system to make it affordable, flexible, and outcome-oriented so all Americans, young and old, can learn the skills they need to secure and retain good-paying jobs,” Ivanka Trump, the president’s daughter and adviser, said in a conference call with reporters.
White House officials did not have details on some ideas, such as limits on Parent and Grad PLUS loan programs. Many educators criticized Obama administration changes to the Parent PLUS program as hurting accessibility for some students to pay for college, particularly historically black colleges and universities (HBCUs). The White House stressed Monday its mission to support HBCUs in a five-page report outlining its proposed changes to the Higher Education Act.
The five-page report also outlines calls for colleges to share more information about annual costs and graduation rates. Georgia public education leaders are working on efforts to improve financial literacy with information such as recommended borrowing amounts. On average, University System of Georgia students borrow about $6,200 a year, officials say.