The country’s higher education industry has seen numerous efforts to remedy income inequality in higher education, though many of them have failed. It’s a daunting task, to say the least.
Nevertheless, President Barack Obama has tackled the issue head-on throughout his presidency. Obama increased Pell Grant funding and introduced the new “Pay-As-You-Earn” loan repayment option, in an effort to keep student loans affordable.
Evidently realizing that this is not a fight he can win alone, the president hosted leaders and representatives from 140 colleges, universities and other organizations at an education summit at the White House earlier this month. During the summit, Obama asked education leaders to make progress on combating income inequality in higher education.