President Obama’s TechHire Initiative Launch

Creating Pathways to Better, High-Paying Tech Jobs and Meeting Urgent Employer Demand Across the U.S.

TechHire is a bold multi-sector initiative and call to action to empower Americans with the skills they need, through universities and community colleges but also nontraditional approaches like “coding boot camps,” and high-quality online courses that can rapidly train workers for a well-paying job, often in just a few months. Employers across the United States are in critical need of talent with these skills. Many of these roles do not require a four-year computer science degree. To give Americans the opportunity they deserve, and the skills they need to be competitive in a global economy, we are highlighting TechHire partnerships. Successful partnerships include:
  • Expanded regional employer hiring and paid internships for IT jobs (e.g., coding, web development, project management, cybersecurity) sourced from accelerated training programs based on demonstrated competencies instead of only selecting candidate using standard HR ‘markers’
  • Expand slots, upgrade quality, and diversify participants in accelerated training pipeline – expand local programs like coding boot camps, the best of which have 90 percent job placement rates – to enable more Americans to master the skills required to fill technology jobs and create a strong pipeline of technology talent that local employers demand and will hire that can be ready in months not years
  • Support from locally intermediaries – municipal leadership, workforce development programs and other local resources – that help connect people to jobs based on their skills and job readiness and help employers engage local talent trained in both alternative and traditional programs.

Over twenty forward-leaning communities are committing to take action – working with each other and with national employers – to expand access to tech jobs. To kick off TechHire, 21 regions, with over 120,000 open technology jobs and more than 300 employer partners in need of this workforce, are announcing plans to work together to new ways to recruit and place applicants based on their actual skills and to create more fast track tech training opportunities. The President is challenging other communities across the country to follow their lead.

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March 09, 2015

FACT SHEET: President Obama Launches New TechHire Initiative

President Obama Announces Multi-Sector Effort and Call to Action to Give Americans Pathways to Well-Paying Technology Jobs; Makes Available $100 Million in Grants

The President and his Administration are focused on promoting middle class economics to ensure that all Americans can contribute to and benefit from our American resurgence. Part of that effort requires empowering every American with the education and training they need to earn higher wages. Today’s announcement is the latest part of that effort: In his remarks to the National League of Cities, the President will announce his TechHire initiative, including a new campaign to work with communities to get more Americans rapidly trained for well-paying technology jobs.

Middle class economics has driven the President from day one, and it is what has fueled our comeback. On Friday, we learned that our economy created nearly 300,000 new jobs in February. American businesses have now added more than 200,000 jobs a month for the past 12 months, the longest streak of job creation at that pace in 37 years. All told, over the past five years, our businesses have created 12 million new jobs.

While we are seeing an economic resurgence, the President has made clear that there is still work left to do. America has about 5 million open jobs today, more than at any point since 2001. Over half a million of those job openings are in information technology fields like software development, network administration, and cybersecurity- many of which did not even exist just a decade ago. The average salary in a job that requires information technology (IT) skills – whether in manufacturing, advertising, retail or banking – is 50 percent higher than the average private-sector American job. Helping more Americans train and connect to these jobs is a key element of the President’s middle-class economics agenda.

As part of that agenda, TechHire is a bold multi-sector effort and call to action to empower Americans with the skills they need, through universities and community colleges but also nontraditional approaches like “coding bootcamps,” and high-quality online courses that can rapidly train workers for a well-paying job, often in just a few months. Employers across the United States are in critical need of talent with these skills. Many of these programs do not require a four-year degree.

For more: http://www.whitehouse.gov/the-press-office/2015/03/09/fact-sheet-president-obama-launches-new-techhire-initiative

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Learn more about TechHire at WhiteHouse.gov/TechHire and bring it to your community.

WH Science, Tech & Innovation

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26 thoughts on “President Obama’s TechHire Initiative Launch

  1. WH

    Tuesday, March 10, 2015

    All Times Eastern

    President Obama receives the presidential daily briefing

    7:00 AM
    8:00 AM
    9:00 AM
    10:00 AM
    President Obama signs a presidential memorandum, A Student Aid Bill of Rights to Help Ensure Affordable Loan Repayment
    Oval Office

    Vice President Biden attends an event for the Democratic National Committee
    Thornton LLP

    Dr Jill Biden Answers Questions About Community Colleges
    SXSWedu, Austin, Texas

    10:20 AM
    President Obama departs the White House
    South Lawn

    10:35 AM
    President Obama departs Joint Base Andrews

    11:00 AM
    12:00 PM
    12:15 PM
    President Obama arrives Atlanta, Georgia
    Hartsfield-Jackson Atlanta International Airport

    1:00 PM
    1:30 PM
    President Obama delivers remarks on college education
    Georgia Tech, Hank McCamish Pavilion, Atlanta, Georgia

    2:00 PM
    3:00 PM
    4:00 PM
    4:30 PM
    President Obama participates in a DNC roundtable
    Hyatt Regency Atlanta, Atlanta, Georgia

    5:00 PM
    6:00 PM
    6:05 PM
    President Obama departs Atlanta, Georgia
    Hartsfield-Jackson Atlanta International Airport

    7:00 PM
    7:35 PM
    President Obama arrives Joint Base Andrews

    7:50 PM
    President Obama arrives White House
    South Lawn

    8:00 PM
    9:00 PM
    10:00 PM

  2. President Obama’s TechHire Initiative

    Creating Pathways to Better, High-Paying Tech Jobs and Meeting Urgent Employer Demand Across the U.S.

    TechHire is a bold multi-sector initiative and call to action to empower Americans with the skills they need, through universities and community colleges but also nontraditional approaches like “coding boot camps,” and high-quality online courses that can rapidly train workers for a well-paying job, often in just a few months. Employers across the United States are in critical need of talent with these skills. Many of these roles do not require a four-year computer science degree. To give Americans the opportunity they deserve, and the skills they need to be competitive in a global economy, we are highlighting TechHire partnerships. Successful partnerships include:

    * Expanded regional employer hiring and paid internships for IT jobs (e.g., coding, web development, project management, cybersecurity) sourced from accelerated training programs based on demonstrated competencies instead of only selecting candidate using standard HR ‘markers’
    * Expand slots, upgrade quality, and diversify participants in accelerated training pipeline – expand local programs like coding boot camps, the best of which have 90 percent job placement rates – to enable more Americans to master the skills required to fill technology jobs and create a strong pipeline of technology talent that local employers demand and will hire that can be ready in months not years
    * Support from locally intermediaries – municipal leadership, workforce development programs and other local resources – that help connect people to jobs based on their skills and job readiness and help employers engage local talent trained in both alternative and traditional programs.

    Over twenty forward-leaning communities are committing to take action – working with each other and with national employers – to expand access to tech jobs. To kick off TechHire, 21 regions, with over 120,000 open technology jobs and more than 300 employer partners in need of this workforce, are announcing plans to work together to new ways to recruit and place applicants based on their actual skills and to create more fast track tech training opportunities. The President is challenging other communities across the country to follow their lead.

    For more: http://www.whitehouse.gov/issues/technology/techhire

    • March 09, 2015

      FACT SHEET: President Obama Launches New TechHire Initiative

      President Obama Announces Multi-Sector Effort and Call to Action to Give Americans Pathways to Well-Paying Technology Jobs; Makes Available $100 Million in Grants

      The President and his Administration are focused on promoting middle class economics to ensure that all Americans can contribute to and benefit from our American resurgence. Part of that effort requires empowering every American with the education and training they need to earn higher wages. Today’s announcement is the latest part of that effort: In his remarks to the National League of Cities, the President will announce his TechHire initiative, including a new campaign to work with communities to get more Americans rapidly trained for well-paying technology jobs.

      Middle class economics has driven the President from day one, and it is what has fueled our comeback. On Friday, we learned that our economy created nearly 300,000 new jobs in February. American businesses have now added more than 200,000 jobs a month for the past 12 months, the longest streak of job creation at that pace in 37 years. All told, over the past five years, our businesses have created 12 million new jobs.

      While we are seeing an economic resurgence, the President has made clear that there is still work left to do. America has about 5 million open jobs today, more than at any point since 2001. Over half a million of those job openings are in information technology fields like software development, network administration, and cybersecurity- many of which did not even exist just a decade ago. The average salary in a job that requires information technology (IT) skills – whether in manufacturing, advertising, retail or banking – is 50 percent higher than the average private-sector American job. Helping more Americans train and connect to these jobs is a key element of the President’s middle-class economics agenda.

      As part of that agenda, TechHire is a bold multi-sector effort and call to action to empower Americans with the skills they need, through universities and community colleges but also nontraditional approaches like “coding bootcamps,” and high-quality online courses that can rapidly train workers for a well-paying job, often in just a few months. Employers across the United States are in critical need of talent with these skills. Many of these programs do not require a four-year degree.

      For more: http://www.whitehouse.gov/the-press-office/2015/03/09/fact-sheet-president-obama-launches-new-techhire-initiative

  3. November 10, 2014

    Statement by the President on Net Neutrality

    An open Internet is essential to the American economy, and increasingly to our very way of life. By lowering the cost of launching a new idea, igniting new political movements, and bringing communities closer together, it has been one of the most significant democratizing influences the world has ever known.

    “Net neutrality” has been built into the fabric of the Internet since its creation — but it is also a principle that we cannot take for granted. We cannot allow Internet service providers (ISPs) to restrict the best access or to pick winners and losers in the online marketplace for services and ideas. That is why today, I am asking the Federal Communications Commission (FCC) to answer the call of almost 4 million public comments, and implement the strongest possible rules to protect net neutrality.

    When I was a candidate for this office, I made clear my commitment to a free and open Internet, and my commitment remains as strong as ever. Four years ago, the FCC tried to implement rules that would protect net neutrality with little to no impact on the telecommunications companies that make important investments in our economy. After the rules were challenged, the court reviewing the rules agreed with the FCC that net neutrality was essential for preserving an environment that encourages new investment in the network, new online services and content, and everything else that makes up the Internet as we now know it. Unfortunately, the court ultimately struck down the rules — not because it disagreed with the need to protect net neutrality, but because it believed the FCC had taken the wrong legal approach.

    The FCC is an independent agency, and ultimately this decision is theirs alone. I believe the FCC should create a new set of rules protecting net neutrality and ensuring that neither the cable company nor the phone company will be able to act as a gatekeeper, restricting what you can do or see online. The rules I am asking for are simple, common-sense steps that reflect the Internet you and I use every day, and that some ISPs already observe. These bright-line rules include:

    No blocking. If a consumer requests access to a website or service, and the content is legal, your ISP should not be permitted to block it. That way, every player — not just those commercially affiliated with an ISP — gets a fair shot at your business.

    No throttling. Nor should ISPs be able to intentionally slow down some content or speed up others — through a process often called “throttling” — based on the type of service or your ISP’s preferences.

    Increased transparency. The connection between consumers and ISPs — the so-called “last mile” — is not the only place some sites might get special treatment. So, I am also asking the FCC to make full use of the transparency authorities the court recently upheld, and if necessary to apply net neutrality rules to points of interconnection between the ISP and the rest of the Internet.

    No paid prioritization. Simply put: No service should be stuck in a “slow lane” because it does not pay a fee. That kind of gatekeeping would undermine the level playing field essential to the Internet’s growth. So, as I have before, I am asking for an explicit ban on paid prioritization and any other restriction that has a similar effect.

    For more: http://www.whitehouse.gov/the-press-office/2014/11/10/statement-president-net-neutrality

    • GOP WRONG WAY

      GOP politicians at odds with most of Silicon Valley on net neutrality

      3/08/2015 By Josh Richman – bayareanewsgroup.com

      Republicans have toiled for more than a decade to try to tap Silicon Valley’s wealth and technical know-how, which Democrats have better leveraged to win everything from seats in state legislatures to the Oval Office.

      But when Sen. Ted Cruz, R-Texas, recently called “net neutrality” — keeping Internet service providers from favoring some content over others — “Obamacare for the Internet,” he was uttering what probably sounded like fighting words to valley giants such as Google, Facebook, Twitter, eBay and Netflix.

      Many in the valley advocate a hands-off, libertarian approach to government regulation, but there’s a widespread feeling here that government must act to keep huge telecommunications and cable companies such as AT&T and Comcast from messing with the Internet’s unfettered gush of data that makes their businesses thrive.

      So by coming down firmly against the Federal Communications Commission’s pro-net-neutrality vote in late February, Cruz and other leading GOP politicians now may be burning some of the bridges the party has tried so hard to build — and Democrats are gleefully warming their hands by that fire.

      In Silicon Valley, “net neutrality has taken on almost a religious fervor — it has become a line in the sand,” said LarryGerston, professor emeritus of political science atSan Jose State.

      “This is the heart of Twitter,” the company said in a statement after the FCC’s vote. “Without such net neutrality principles in place, some of today’s most successful and widely known Internet companies might never have come into existence.”

      Gerston said he was surprised by the ferocity of the GOP opposition to the FCC decision.

      “I don’t know why Republicans would be so worked up over this,” he added. “I don’t see much of a payoff other than this philosophical, knee-jerk response to government going into places where it hasn’t before. But for many Republicans, that will carry the day. That’s their mantra.”The FCC’s vote essentially puts the Internet under the same regulatory umbrella as telephones. The aim is to keep Internet service providers from slowing or blocking certain web activity — or creating paid “fast lanes.”

      Silicon Valley’s House Democrats — Mike Honda, Zoe Lofgren, Anna Eshoo and Jackie Speier — all lauded the FCC’s action.

      For more: http://www.mercurynews.com/nation-world/ci_27671709/gop-politicians-at-odds-most-silicon-valley-net

  4. #AskDrBiden About Community Colleges at SXSWedu 2015

    Dr. Jill BidenMarch 04, 2015 03:06 PM EST

    Community colleges have entered a new day in America. They lead the way in preparing graduates in the fields of green technology, health care, teaching, and information technology — some of the fastest-growing fields in America and the rest of the world. Community colleges are able to meet the needs of their community and provide students and workers with the education and skills they need to succeed and to get good-paying jobs to support their families.

    That’s why I am excited to attend SXSWedu 2015 to discuss the importance of community colleges to America’s future. I have been an educator for more than 30 years, and I have spent the last 20 years teaching at community colleges. And, as Second Lady, I have traveled across the country to see firsthand the critical role community colleges play in creating the best, most-educated workforce in the world.

    Before I get to SXSWedu 2015, I want to hear from you. Starting today, you can tweet your questions about community colleges to me @DrBiden using the hashtag #AskDrBiden. Then, watch here on Tuesday, March 10 at 9 a.m. CST/10 a.m. EST as I respond to some of your questions during a live event moderated by a community college student.

    • March 10, 2015

      Remarks as Prepared for Delivery by Dr. Jill Biden at SXSWedu 2015

      Good morning! It is so wonderful to be back in Austin.

      Thank you Christopher for that kind introduction, and I couldn’t agree more with what you said: Not only should our young people dream big, but, like you, all Americans should have the opportunity to realize their full potential. Christopher is a great example of a student who has seized the opportunity offered by a community college education. Let’s give another round of applause for Christopher—what an amazing student.

      I’d like to also thank the Bill and Melinda Gates Foundation for hosting this summit. In 2010, Melinda Gates joined me for the first-ever White House Summit on Community Colleges, when she announced the Gates Foundation investment of $35 million dollars to help boost Community College completion rates. They understand that education is the great equalizer.

      I was backstage listening to the panel discussion and I think we all agree that education is the foundation for building a better life.

      People sometimes ask why I choose to teach at a community college. The answer is simple: It is the students. I love being in the classroom and seeing the difference I hope to make in the lives of my students. My goal is to always give them confidence in their own abilities—because I know that confidence will carry them well beyond my classroom, in whatever they do.

      For more: http://www.whitehouse.gov/the-press-office/2015/03/10/remarks-prepared-delivery-dr-jill-biden-sxswedu-2015

    • On the Road: Dr. Biden Visits Community Colleges in Florida and Texas

      Published on Mar 10, 2015

      Leading up to the SXSWedu Conference in Austin, Texas, Dr. Jill Biden visited Santa Fe College in Gainsville, Florida and Austin Community College in Austin, Texas — both of which are using innovative strategies and technology to increase retention, completion and overall student success.

  5. VICE Meets President Obama

    March 9, 2015 | 3:10 pm By Shane Smith – ViceNews

    Hello my Diamonds! Because of you — and because we love you — VICE is spending tomorrow afternoon with President Obama. Why? So we can get him on the record speaking about the issues that young people care about the most. The president is going to Atlanta tomorrow, and the White House has given VICE exclusive access. We’ll be with POTUS from wheels-down at the airport, joining him as he delivers a speech at Georgia Tech, where he will discuss college affordability and then have a sit-down with students. He’ll then do an in-depth interview with me, Shane Smith.

    Here’s how it’s going to work: after the speech, Obama and I are going to meet with a small group of students from both local high schools and colleges. It’s a chance for him to sit with younger Americans and ask them about their priorities and the challenges they’re dealing with. I will act as moderator, working in questions from our readers. Afterward, I will interview the president one on one — pressing him for his thoughts on education, foreign policy, the climate change crisis, and more.

    To make the day a success, we want to hear from you. This isn’t going to be just another inside-the-beltway presidential interview with the same old scripted answers. We want to ask the questions you would ask. So talk to us using #vicemeetsobama by midnight ET tonight, and we’ll take the best of your questions and pose them directly to the commander-in-chief tomorrow.

  6. Hi CR,

    When PBO does theses commonsense initiatives, I’m always thinking why didn’t all those other smart people do this? Remember that this President is from a foreign nation. Not Kenyan, but Hawaii. Yes, there is a GOP person who thinks Hawaii is overseas, and Africa is a country. This is comic relief stuff. The Tech-Hire Initiative is just, another of many, examples of PBO’s brilliance and concerned for the middle class and those working hard to get into the middle class.

    Back to Selma: It’s so hard to say goodbye to this very special and beautiful weekend.

    PBO speech in Selma at the foot of the bridge… I know Dr. King & Ms. King and ALL the other foot-soldiers were smiling down on him.

    Paragraphing a story that was told on Sunday morning (3/8/15) at the Brown Chapel Church in Selma. Before his speech in Selma, PBO greeted former foot soldier Amelia Boynton Robinson, 103 years old, backstage before the ceremony – and he told her it was because of her that he was able to give his speech today, she looked up at him and said make sure it’s a good one. I think the Congress Person telling the story said she had tears in her eyes.

    Here is a verse from one of the Civil Rights Song:

    “Oh freedom, over me; and before I’ll be a slave, I’ll be buried in my grave, and go home to my Lord and be free.”

    I am happy that First Grandmother Mrs. Robinson got to attend, too. And God bless them with great weather in Selma this weekend.

    I like what AG Eric Holder said on Sunday: Progress is not the goal, but equality is.

    *Another piece of history: ‘Selma’ and ‘The Birth of a Nation’: A Tale of Two Films, 100 Years Apart*

    The Birth of a Nation was the first film to be shown at the White House, Selma the most recent.

    A hundred years after the release of *Birth of Nation*, we are still using performance as way to debate and understand race.

    Seeing history play out before us, performed by living people, renders it immediate and alive. Taken together, the two films demonstrate how we lay claim to history by representing it and by telling each other stories derived from it.

    *Selma* is the unintended commemoration and correction of *The Birth of A Nation*.

    The 1915 film justified domestic terrorism and vigilantism to defend the racial status quo. In 2015, DuVernay and her colleagues have gifted their audiences with a performance of history that bends justice toward us, still a bit out of reach, but almost close enough to touch.

    Also, last weekend Selma went over 50$ Million at the US box office. Ava said that she was just happy folks are learning the story. And she was proud of that!

    Finally: When I look at all the Dumb and Dumber things that the GOP is doing, trying to trip up PBO on both the Domestic front and with his Foreign Policies: It is like watching Wiley E. Coyote trying to catch the Road Runner. When will they ever learn?

    Thanks for Post!

    • Hi Isaac!

      I am glad that PBO is always looking for a way to help everyone, like the TechHire Initiative. When I was volunteering in 2007 to get Senator Obama to become the Dem nominee I did not think ahead to all the civil rights anniversaries that would happen while he was in office. All I knew it that I believe in that man. I am so glad that against all odds that he did become our President…twice!

      My SELMA blueray should arrive from Amazon by the end of this month. That, like you say, is a movie to watch over and over. I get teary eye everytime I see footage or a reanactment like SELMA of a civil rights event. I am so thankful to those civil rights foot soldiers marched and bled so that our lives would be better.

  7. Labor Department’s Job Openings and Labor Turnover Survey (JOLTS)

    Released On 3/10/2015 10:00:00 AM For Jan, 2015

    Prior Prior Revised Consensus Consensus Range Actual
    Job Openings 5.028 M 4.877 M 5.075 M 5.025 M to 5.220 M 4.998 M

    Recent History Of This Indicator
    The Labor Department’s Job Openings and Labor Turnover Survey showed that there were 5.028 million job openings on the last business day of December, slightly improved from 4.847 million in November. Hires (5.148 million) and separations (4.886 million) were little changed in December. Within separations, the quits rate (1.9 percent) and the layoffs and discharges rate (1.2 percent) were unchanged. There were 5.148 million hires in December, slightly higher than November’s 5.054 million. This was the highest level of hires since November 2007. There were 4.9 million total separations in December, little changed from November. This was the highest level of separations since October 2008. The separations rate was 3.5 percent. The number of total separations was little changed for total private and government. There were 2.717 million quits in December, little changed from November.

    Source: http://www.bloomberg.com/markets/economic-calendar/

  8. US small business confidence ticks up in February

    3/10/15 1 Hour Ago – reuters

    U.S. small business optimism edged up in February amid signs of tightening labor market conditions, bolstering the view that a recent slowdown in economic activity will be temporary.

    The National Federation of Independent Business said on Tuesday its Small Business Optimism Index gained 0.1 point to 98 last month, the third highest reading since early 2007.

    The survey of 716 small business owners found 29 percent could not fill open positions, the highest level since April, 2006. Fourteen percent of them cited the shortage of skilled labor as their top problem, the highest since September, 2007.

    “There are fundamental domestic economic currents leading owners to add workers and these should bubble up in the official statistics and support stronger growth in domestic output,” said William Dunkelberg, chief economist at the NFIB.

    The government reported on Friday that nonfarm payrolls increased 295,000 in February, marking the 12th straight month of job gains above 200,000, which is the longest such stretch since 1994.

    For more: http://www.cnbc.com/id/102491146#.

  9. March 10, 2015

    Remarks by the President at Signing of Presidential Memorandum, A Student Aid Bill of Rights

    Oval Office

    10:13 A.M. EDT

    THE PRESIDENT: This is an opportunity to get a head start on what we’re going to be talking about down in Atlanta, Georgia. One of the things that’s been uppermost on my mind is how do we make sure that every young person in this country who is willing to put in the effort can afford to go to college. And as part of that overall process we’re going to be talking today about a Student Bill of Rights.

    This is part of it. It’s an executive action that we’re able to take to streamline and improve the manner in which the federal government interacts with students when it comes to student loans, and it will be part of a broader overview that I talk about while we’re in Atlanta.

    (The presidential memorandum is signed.)

    All right. There you go.

    Thank you, everybody. Let’s get on the plane. Thank you.

    END
    10:14 A.M. EDT

    • March 10, 2015

      FACT SHEET: A Student Aid Bill of Rights: Taking Action to Ensure Strong Consumer Protections for Student Loan Borrowers

      Higher education continues to be the single most important investment students can make in their own futures. Five years ago this month, President Obama signed student loan reform into law, redirecting tens of billions of dollars in bank subsidies into student aid. His historic investments in college affordability include increasing the maximum Pell Grant by $1,000, creating the American Opportunity Tax Credit worth up to $10,000 over four years of college, and letting borrowers cap their student loan payments at 10 percent of income. He has also promoted innovation and competition to help colleges reduce costs and improve quality and completion, including a First in the World fund. While these investments have helped millions of students afford college, student loans continue to grow.

      That is why, today, President Obama will underscore his vision for an affordable, quality education for all Americans in a Student Aid Bill of Rights. As part of this vision, the President will sign a Presidential Memorandum directing the Department of Education and other federal agencies to work across the federal government to do more to help borrowers afford their monthly loan payments including: (1) a state-of-the-art complaint system to ensure quality service and accountability for the Department of Education, its contractors, and colleges, (2) a series of steps to help students responsibly repay their loans including help setting affordable monthly payments, and (3) new steps to analyze student debt trends and recommend legislative and regulatory changes. In addition, the Administration is releasing state by state data that shows the outstanding federal student loan balance and total number of federal student loan borrowers who stand to benefit from these actions.

      For more: http://www.whitehouse.gov/the-press-office/2015/03/10/fact-sheet-student-aid-bill-rights-taking-action-ensure-strong-consumer-

    • Obama to announce changes for student loan repayment

      3/10/15 Roberta Rampton – reuters

      WASHINGTON (Reuters) – President Barack Obama is slated to speak to students at Georgia Tech on Tuesday about how he wants to make the process of repaying student loans easier to understand and manage.

      Obama will sign a “student aid bill of rights” and will speak about an assortment of policy tweaks and projects to try to make it easier to help people with student loans pay back their debt.

      “It’s our responsibility to make sure that the 40 million Americans with student loans are aware of resources to manage their debt, and that we are doing everything we can to be responsive to their needs,” said Ted Mitchell, undersecretary of education, on a conference call with reporters.

      More than 70 percent of U.S. students who graduate with a bachelor’s degree leave with debt, which averages $28,400.

      The White House said it will require clearer disclosures from companies to make sure borrowers understand who is servicing their loan and how to set monthly payments and change repayment plans.

      “Repayment rates improve when servicers work well and work directly with borrowers, helping them understand the terms of their loans,” said Sarah Bloom Raskin, deputy secretary of the Treasury Department, on the conference call.

      Obama will direct his Education Department to create a system by July 1, 2016 to better oversee and address complaints from borrowers about lenders, servicers and collection agencies, the White House said.

      His administration will also study whether it needs to propose changes to laws or regulations to create stronger consumer protections, the White House said.

    • March 10, 2015

      Remarks by the President Announcing Student Aid Bill of Rights

      Georgia Institute of Technology
      Atlanta, Georgia

      1:51 P.M. EDT

      THE PRESIDENT: Hello, Atlanta! Hello, Yellow Jackets! (Applause.) This is a pretty good-looking crowd here! (Applause.)

      AUDIENCE MEMBER: Thank you!

      THE PRESIDENT: He says thank you. (Laughter.) I wasn’t directing it specifically at you, but you do look pretty good — what do you think? (Laughter.) I mean, I may not be the gauge — you should ask some of the ladies here. (Laughter.)

      Everybody have a seat who has got a chair. If you don’t have a chair, don’t sit down. (Laughter.) Now, I understand George P. Burdell was supposed to introduce me today. (Laughter and applause.) But nobody could find him. (Applause.)

      So I want to thank Tiffany for stepping in. What she did not mention is that her letter to me was not just to express her concern about student loans, she said — in her letter she said, it was also to procrastinate from doing her Thermodynamics homework. (Laughter and applause.) That’s a true story. That is true. That’s okay. (Laughter.) I procrastinate sometimes. (Laughter.) As long as you got it done, Tiffany. Where is Tiffany? Did you get it done?

      TIFFANY: I got it done!

      THE PRESIDENT: Okay. (Laughter and applause.)

      Let’s give it up for Buzz and the Georgia Tech Band for getting us fired up. (Applause.) Also give it up for Governor Nathan Deal, who is here. (Applause.) Congressmen Hank Johnson and David Scott. (Applause.) Atlanta Mayor Kasim Reed. (Applause.) And the President of this great institution, Georgia Tech, Bud Peterson. (Applause.) That’s good. You’ve got a high approval rating. (Laughter.) You do. Absolutely.

      For more: http://www.whitehouse.gov/the-press-office/2015/03/10/remarks-president-announcing-student-aid-bill-rights

  10. 4:30 PM ET
    President Obama participates in a DNC roundtable
    Hyatt Regency Atlanta, Atlanta, Georgia

  11. *******************
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