SYRACUSE, N.Y. – President Obama was in Syracuse Thursday to discuss the importance of every American having the opportunity to achieve a quality education.
The President started his day in Buffalo at the University at Buffalo to kick off the two-day tour of New York where he spoke about creating affordable education for all.
"Higher education is the single best investment you can make in your future," he said.
He then acknowledged that it's an investment that's becoming harder and harder for middle class families to afford.
"The average student who borrows for college now graduates owning more than $26,000; some owe a lot more than that."
He is now proposing a plan to change that, saying it can be done by reducing cost and improving the value of higher education for middle-class students and their families.
The three major points of his plan include paying for performance by tying financial aid to performance; promote innovation and competition, accomplishing this by challenging colleges to offer a greater range of affordability; and making sure that student debt is manageable well after students leave campus. His plan would cap payments at no more than ten percent of monthly income.
After Buffalo, President Obama headed to Syracuse and is scheduled to travel to Binghamton University on Friday.
President Obama was last in upstate New York for a visit to Albany in May 2012. He toured the College of Nanoscale Science and Engineering with Governor Cuomo, talking about the importance of higher education to strengthen the economy.
During his visit, Obama said, "You've got some of the best workers in the world, an outstanding university. Now I want what happens in Albany to happen all across the country."