Obama addressed student journalists nationwide in a press call with college newspapers Monday morning, laying out his plan to improve the U.S. college graduation rates by 2020.
The first step is to make college more affordable, Obama said. Earlier this year, Congress passed legislation that would change how student loans were administered. Student loans would be borrowed from and handled by the federal government, as opposed to third-party lenders. That same legislation also called for the streamlining of the FAFSA application process, which would make it is easier to borrow.