President Obama and First Lady Michelle Obama last week garnered commitments from more than 100 colleges and universities and states, and 40 other organizations, to enhance college opportunities for low-income students.
The occasion was a College Opportunity Summit that brought together college presidents, leaders of nonprofit organizations and foundations, and business executives.
“The added value of a college diploma has nearly doubled since Michelle and I were undergraduates,” Obama said. “Unfortunately, today only 30 percent of low-income students enroll in college right after high school and, far worse, by their mid-twenties only 9 percent earn a bachelor’s degree.”
As part of the event, the White House issued a report, “Increasing College Opportunity for Low-Income Students.”