By: Betsy Taylor
Source: Associated Press
Vice President Joe Biden pledged Friday to make higher education more affordable and told a town hall-style meeting in St. Louis that, he’ll ask the Treasury Department to look into how to make family college-savings plans more effective and reliable. Many families save for college in tax-deferred plans known as 529s, and Biden said the government will consider options such as low-interest loans against those plans to help families pay for school.
“We’re going to make a series of investments, investments in our families and our students,” he said, noting the Obama administration’s efforts to improve tax breaks for families and increase need-based grants for the middle-class and poor.
