2010 State of the Union Address

http://en.wikipedia.org/wiki/2010_State_of_the_Union_Address
- Only 10% of income to student loans
- All student loan debt forgiven after 20 years, or after 10 years if they choose a career in public service
- Cost cutting at colleges and universities

How can colleges lower the cost if the first 2 points ensure they will get their whatever they want to charge? This encourages college students to go into more debt. They do not have to pay their entire college tuition, the tax payers get stuck with the rest of the bill. If they want to lower the cost of college, do not ensure students will pay their tuition (gov back stop) and colleges will be forced to compete and lower their rates.