AMHERST, N.Y. —
Finally, he hinted at an improved framework to help college graduates manage their debts, suggesting that monthly loan payments be capped at 10 percent of post-graduation income.
"Government shouldn't view student loans as a way to make money, it should be to help students," he said. "Our national mission ought to be how to profit off of having the best educated workforce in the world."
University of Buffalo President Satish Tripathi said his university would rank well under Obama’s rating criteria, noting that tuition and student debt were below national averages for similar universities.
Tuition and fees for the fall 2012 semester were $7,989, while the average for national public research universities is $9,029, according to school officials.
"If you look at our graduation rates we're doing well, as well, so we really are doing what the president is trying to do," Tripathi said. "We are working in that direction."
Details for this story were reported by The Tonawanda (N.Y.) News.