Proposal to help pay for college outlined

SYRACUSE, N.Y., Sept. 10 (UPI) -- U.S. Vice President Joe Biden convened a second session Thursday on plans to find easier ways for middle class families to send their kids to college.

The meeting at Syracuse University featured Treasury Secretary Timothy Geithner and Education Secretary Arne Duncan and further steps devised to make the path to college smoother.


"We're starting by tearing down barriers so that middle class families have the means to send their kids to college," Biden said, in expanding on proposed state-implemented, tax-free saving plans, similar to Roth IRAs.

"By encouraging all states to offer low-fee, age-based index funds and by encouraging greater competition among state plans, we can help make the dream of a college education a reality for millions of middle class families," Geithner said.

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