Vice President Joe Biden pledged Friday to close gaps between family incomes and college costs to make higher education a reality for more young people.
Biden told a town hall-style meeting in St. Louis that he’ll 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.
Office of Strategic Communication