Question: In four years I will be entering college, and I am wondering what you plan to do to make college more affordable to middle- and low-income families. Do you plan to introduce more scholarships and grants to kids whose families can't afford college?
Submitted from Carly of Stuyvesant High School through Youth-e-Vote (10/26/00)
Answer from Al Gore:
Helping Families Pay And Save For College
I'm not satisfied when hard-working students in middle-class families can't afford a college education.
To me, it's a question of values and priorities. If we want our prosperity to endure and enrich all our families, then we have to make education our number-one national priority.
I want to make up to $10,000 a year of college tuition tax-deductible. I'll pay down our debt to keep interest rates low on student loans, and I also want to attract more college students into the teaching profession. I'll offer up to $10,000 in college aid and expanded loan forgiveness to students who agree to teach in high-need areas after college.
My plan includes a number of options to encourage families to save for college. New Retirement Savings Plus accounts and 401(j) accounts will allow families to save tax-free for retirement, lifelong learning or college tuition. I will also create a National College Tuition Savings plan so families can save for college tax- and inflation-free.
I think it's important to support greater efforts to provide mentoring, college preparation and academic enrichment to at-risk students. I don't want information on colleges and resources on financial aid to be out of reach for any middle school or high school student, and I will fight each and every year of my administration for strong Pell Grant increases.
There is a big choice in this election when it comes to education. We can have the other side's big tax cut for the wealthiest, or we can target the tax cuts to help families afford college tuition. We can't do both.
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