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34 PRESIDENT OBAMA’S FOR MILLENNIALS. President Obama will continue to invest in our teachers and schools, cut student loan debt, build on our technology boom, expand health coverage and homeownership, and train every hardworking American with the skills they need to find a good job that pays good wages. Making Higher Education More Affordable for Millennials:While college is more important than ever before, it is also more expen- sive. President Obama has taken steps to make college more affordable and increase financial aid – while Republicans have called for rolling back these expansions of student aid and opposed efforts to allow students to refinance student loans. · Increasingfederalfinancial supportforhighereducation. Highereducationcanbeapathway tothemiddleclassformanypeople, butwehavetoensurethatstudents areabletoaffordthisinvestment. o CreatingtheAmericanOpportu- nityTaxCreditworthupto$10,000 overfouryearsofcollege. o IncreasingPellGrantschol- arshipsby$1,000ayear,while reachingmillionsmorestudents eachyear. o Eliminatingwastefulbank subsidiesandpassingalongthose savingstohelpmoreAmericans affordcollege. · Makingstudentloanpayments moreaffordable.PresidentObama createdanewrepaymentplanal- lowingstudentstocaptheirstudent loanpaymentsat10percentoftheir discretionaryincome. In June 2014, the President direct- ed the Department of Education to make this plan available to every direct student loan borrower, benefiting nearly 5 million current and former students.The President has also supported Congressional efforts to allow student loan borrowers to refinance their loans, saving thousands in interest costs, which Republicans in Congress have blocked. Supporting Innovation: Millennials are more connected to technology than previous generations, both in school and in work, and their innovations in this area have the potential to impact all workers through our economy for years to come.The President’s policies have supported innovation that helps students learn and entrepreneurs create new businesses. · Digital Literacy for the Tech Generation. The President’s policies are creating new opportunity for a nation where life and livelihood will demand digital literacy. The ConnectED Initiative is transforming education by connecting every school to high-speed broadband and wireless, with over $4 billion in public and private funding announced since 2013. · Empowering Innovation: The President has been actively working to make sure that patent trolls, who use vague and misleading threats of lawsuits to extort money from young companies, do not strangle American technological innovation. He is driving an agenda that has reformed how and when the government issues patents to improve their quality, limited abuse of certain trade courts to hold up new innovations, and continues to call on Congress to pass comprehensive reform to BYTHE COUNCIL OF ECONOMIC ADVISERS AGENDA FOR CREATING ECONOMIC OPPORTUNITY URBANSOCIALITES.COM