The White House

Office of the Press Secretary

Vice President Biden, Secretary Duncan, CFPB Director Cordray and College Presidents Meet About Transparency of College Costs

College Presidents and Leaders to Commit to Providing Prospective Students with Key Financial Information

Today, Vice President Joe Biden, Secretary of Education Arne Duncan, Director of the Consumer Financial Protection Bureau (CFPB) Richard Cordray and Domestic Policy Council Director Cecilia Muñoz will meet with presidents and leaders from ten colleges and universities who will commit to providing key financial information to all of their incoming students starting next year. Following the meeting, Secretary of Education Arne Duncan and Director of the Consumer Financial Protection Bureau Richard Cordray will join Press Secretary Jay Carney in the briefing room where they will call on all college and university presidents to make the same commitment to provide easy-to-understand financial data about their higher education investment. 

Today’s commitment to financial aid transparency embraces the obligation to provide students and their families with the clear, useful information they need to make the best decisions about where to enroll and what kind of financial commitment they are taking on with their important, long-term investment in higher education.  Each of the participants will commit to providing the following information in one easy-to-understand place, to all incoming students as part of their financial aid package beginning with the 2013-2014 school year:

  • How much one year of college will cost;
  • Financial aid options to pay this cost, with a clear differentiation between grants and scholarships, which do not have to be repaid, and loans, which do;
  • Net costs after grants and scholarships are taken into account;
  • Estimated monthly payments for the federal student loans the student would likely owe after graduation; and
  • Vital information about student results, including comparative information about the rates at which students enroll from one year to the next, graduate, and repay their loans without defaulting on their obligations.

The colleges, universities and state systems of higher education making the commitment today to transparency in financial aid information are:

  • Arizona State University
  • Miami Dade College
  • North Carolina Agricultural & Technical State University
  • State University System of New York (comprised of 64 colleges, universities, and community colleges)
  • Syracuse University
  • University of Massachusetts System (comprised of 5 universities)
  • University of North Carolina at Chapel Hill
  • University System of Maryland (comprised of 12 universities)
  • University of Texas System (comprised of 9 universities)
  • Vassar College

Ensuring every American can attain a college credential is critical to President Obama’s plan for creating an America Built to Last.  With two out of every three new jobs requiring some postsecondary education, completing college has never been more important.  However, it’s also never been more expensive.  Students are borrowing more to attend college—about two-thirds of bachelor’s degree recipients, in fact, and rack up an average debt at graduation of over $26,000 in federal and private student loans.  While a quality higher education remains a sound investment, students and families need to clearly understand the costs and benefits of each college they’re considering so they can easily compare choices and identify the best value prior to enrolling. 

A key piece of President Obama’s plan to make college more affordable is improved information and transparency of college costs and value.  Clarity and accessibility of information is necessary so that students and families can make informed decisions about where to attend college, so they can choose a school that is best suited to their financial and educational goals. Too often, students and families face confusion when comparing financial aid packages, some of which do not clearly differentiate loans from grants, nor distinguish private vs. federal loans, making it difficult to compare aid offers side-by-side.

To help families better understand this information, the U.S. Department of Education, in partnership with the CFPB, gathered input from students, families, and the higher education community to develop a model financial aid award letter, or Financial Aid Shopping Sheet, which colleges and universities can adopt to provide prospective students with the type and amount of aid they qualify for and easily compare aid packages offered by different institutions.  This Shopping Sheet - a model of what a good financial aid award letter would look like – was posted online for public comment and feedback.  These agencies have received over a thousand comments, and are incorporating this feedback into a final form that will be available using Smart Disclosure—a format that helps provide consumers with greater access to the information they need to make informed choices.  The Department will be working with major software vendors to colleges to improve their financial aid award packages in the upcoming financial aid award cycle and plans to release a revised version of the Shopping Sheet by this fall, which will serve as an easy way for institutions to fulfill this commitment to transparency in helping Americans understand financial aid costs for college. At a speech on college affordability in January, President Obama encouraged all colleges to adopt the shopping sheet, to promote greater transparency in financial aid.

The White House

Office of the Vice President

Remarks by Vice President Joe Biden at the Cypress Bay High School Graduation Ceremony

Marlins Park
Miami, Florida

5:18 P.M. EST

THE VICE PRESIDENT: Thank you all very much. (Applause.) Please, please be seated.

As a kid, this was my dream, standing at home plate at a major league ballpark, not as a speaker but as a batter. But I had to settle for becoming Vice President. (Laughter.)

Ladies and gentlemen, parents, the graduating class, grandparents, brothers and sisters, what a great day for all of you, the parents of those graduating today. To you, Principal Neely, affectionately known as the “Big Kahuna” -- (laughter) -- to the administrators, the faculty, this entire community, this is truly a remarkable school. What you’ve built in 10 years is amazing.

When Debbie asked me a while ago whether I would come down and be your commencement speaker, I was honored. But as she started to tell me about the school, I began to wonder whether or not she was just overselling to get me to come the day after my daughter’s wedding.

Well, ladies and gentlemen, you are absolutely amazing, and nothing is more amazing than you students. (Applause.) Class of 2012, you are a remarkable, remarkable group of graduates. (Applause.)

As we’ve heard from your principal, you haven’t just distinguished yourself on the field; you’ve distinguished yourself in every field: soccer championships, tennis championships, math championships, more AP tests than I can count and nationally ranked debaters.

More importantly, from my observation, it’s the atmosphere you’ve created here that has enabled you to excel; an atmosphere of acceptance and support for one another; a cohesion that is rare in any school, much less a school as big as this one.

If you can take that attitude with you –- the attitude where you don’t simply tolerate differences of background and opinion, you accept it, you even solicit the differences -- if you can take that with you, it will be one of the keys for your success in life, because there is nothing, nothing your world is going to need more than being able to accept, support, and work with people with very different views.

As the world shrinks, what happens in a remote province of Pakistan or Nigeria or Brazil is known by the entire world within a matter of minutes. The democratic movement that has swept across the Middle East, the so-called Arab Spring, began when a simple fruit vendor set himself on fire to protest a corrupt government. And a wildfire spread across a quarter of the world, a confrontation that was magnified by social media, and has set off a revolution. Isolation is obsolete today, even where it may still be desired.

But here’s the thing: As the world shrinks, the cultural divides in the world do not shrink. The lines marking cultural and religious differences do not blur. In fact, those lines become more stark as we confront those differences up close.

And those lines don’t have to be halfway across the world. You know that. They can be in your neighborhood or in your school. You can see them in the hallways, in the cafeteria, in the locker next to yours.

At the same time, the same technology that can inspire a democratic movement across the Middle East -- well, it can also bring a school or a community together or it can tear it apart. Information today moves fast, and the world you’re about to enter it will move even faster.

But so does gossip. You can build lifelong friendships and loyalties or tear someone down. Tolerance, respect and understanding are not some obsolete old notions that don’t matter anymore. In the new world you’re inheriting, they will matter more than they ever did in the history of mankind.

You know, there’s a lot of talk these days that America’s future is not as bright as its past. But I’m here to tell you don’t believe that not for a single moment. Class of 2012, you’re going to live through a period of the most remarkable and rapid technological, scientific and medical breakthroughs in the history of mankind. And we’re going to lead those changes from America. And you’re going to lead those changes as you leave this school.

So, don’t sell yourself short. Don’t think small. Don’t give in to the cynicism, the pettiness and the negativity that so often pervades our public discourse. Believe in yourself, and believe in the promise of this country.

And, imagine. That’s my simple advice to you today: Imagine. Imagine the progress you will see and achieve in your lifetime. Imagine the breakthroughs that are on the horizon and just beyond it.

Imagine, by the time you’re in a position to buy your first home, putting a roof of solar shingles that will cost no more than today’s ordinary shingles, will be able to power your home –- heating, cooling, running appliances -- at a fraction of the cost your parents pay today.

Imagine a day within your lifetime when doctors can and will engineer your white blood cells to attack cancer cells, and leave healthy cells untouched, allowing cancer patients to live out a full life without undergoing the difficulties some of you observe -- painful chemotherapy and radiation procedures.

Imagine the day, when in your lifetimes, doctors are able to regenerate entire body organs and limbs that have been damaged and lost -- not only saving tens of thousands of lives, but restoring the thousands of our Iraq and Afghan veterans coming back in need of prostheses, so they’ll be able to live a full and ambulatory life.
 
As an aside, in the future -- just one example -- using 3D printers, we’re going to be able to restore tissue after traumatic injury or a burn, restore it back to its original state. It’s literally around the corner.

Imagine a world in which hunger is vanquished by crops that don’t depend on the soil, water, or fertilizer or pesticides to thrive. They’re just around the corner. Imagine famine being a memory, and with it, the end of so much war and conflict that plagues so many parts of the world.
 
Imagine a world in which nations no longer depend on nuclear weapons for their defense.
 
And imagine a day when the lightweight materials, cleaner fuels, advanced engines simultaneously make our air cleaner, allowing us to go the equivalent of hundreds of miles to the gallon and maybe most importantly, freeing us from our dependence on foreign oil and all that entails for our nation. And imagine when your “senior spots” are all charging stations, powering up cars that can go hundreds of miles on a single charge.
 
What we imagine today, you will build tomorrow. And when you do, it will be revolutionary not only for your generation, but for this nation.

In this new world, you have a great advantage over so many others. And that advantage was instilled in you right here at Cypress Bay. You may not have seen it, you may not have recognized it, known it was even happening -- but it was, because beyond your academic excellence, here is what will separate those of you who will succeed from those of who will fail. And that is your ability to be able to discern between what’s noble and what is ignoble, between what is pure arrogance and what is done to genuinely help the lives of human beings.

You will need an appreciation and a capacity for tolerance, a tolerance of different traditions and different views. You will need an ability and a willingness to recognize that people pursue truth in different ways. You will need an innate skepticism about those who claim they have the answer when it comes to what is true and right.

The United States is at this moment, as a former President said, and I quote, “the indispensable nation,” not because we’re perfect, but because we’re tolerant, because we’re open. We reach out to others. We understand we cannot afford to waste anyone’s talents. And what makes -- and that’s the very thing that makes you the “indispensable generation”.

You’ll be at the forefront as we leave two wars behind us. You will be at the forefront in shaping whether the age in front of us is an age of deepening conflict or increasing tolerance. You will be determining not only the future of this country, but what its heart and soul is.

That’s why I started this speech by saying that what is most remarkable about you is the atmosphere of acceptance and support for one another, tolerance. I said at the beginning that technological change can cause cultural clashes. When I was a kid in grade school, it was the television that showed all of America how black America was being treated. When Bull Connor sicced his dogs on women and children peacefully assembling in their Sunday best, it awakened an entire nation and inspired my generation, a generation most of whom had never seen anything like that before.
 
And many people of my parents’ generation and mine wondered, would we ever be able to bring this country together, to live together? Would we ever be able to have real equality in the face of that kind of brutality that the television screen brought into our living rooms?

The Civil Rights movement -- which I was involved in, in my little small way at home -- reached a calamitous point when I was graduating from law school. Dr. Martin Luther king was assassinated in Memphis three months before my graduation day. There were riots in many cities in America, including my own. Wilmington, Delaware was burning. As a young public defender, I still imagined, with my generation, that we could heal this God-awful situation; that we could rise out of the ashes, and maybe find a way out together.

But the cynics told us we couldn’t. Then, 40 years from the time Dr. King was assassinated, I was standing on a railroad platform in Wilmington, Delaware. It was a January 17th, 2009 -- a bitter, cold, but glorious day. Thousands of people were in the streets of Wilmington and the parking lots, waiting for the same thing I was.

As I stood on that platform and waited, I looked out over my city -- a part of the city that was in chaos when I had returned 40 years earlier, when I imagined and prayed we could live together. I was standing there with those thousands of other people, waiting for a man on a train coming from Philadelphia to pick me up and take me a short 125-mile train ride, a ride I had literally taken several thousand times before as a U.S. senator, to Washington D.C.; only, this time, for a very different purpose, I was being picked up by a friend, and African American friend. Barack Obama. (Applause.)

We were taking -- regardless of your politics; this is not a political comment. It’s about transition in America. We were taking that short ride to be sworn in as President and Vice President of the United States of America. Not only can and do we live together -- we now govern together. That much can change in 40 years. Just think what’s going to change in the next 40 years of your life. (Applause.)

This is a good country. This is a decent and noble country. Your generation will take on the task entrusted to each generation, to give meaning to the central words -– the central challenge -– of our Constitution: “to form a more perfect union.” Because that’s what our country’s journey is all about. That’s what your journey is all about: to form a more perfect union.

And you start this journey better equipped than any graduation class that has come before you. You have the power to create more than the perfect union, and that power resides in you. Not in a laboratory. Not in a computer. But inside you. Don’t forget it. Remember what you learned here about decency, tolerance, reaching out, embracing differences. And if you do, my country, our country, will continue to be the greatest country in the history of mankind.

Congratulations, Cypress Bay [High School] Class of 2012. (Applause.)

END
5:38 P.M. EDT

The White House

Office of the Vice President

Statement from Vice President Biden and Dr. Jill Biden on the Marriage of their Daughter Ashley Biden to Howard Krein

We are pleased to announce that our daughter, Ashley Blazer Biden, married Dr. Howard Krein this evening in Wilmington, Delaware. The private ceremony was attended by the bride and groom’s close family and friends. We’re happy to welcome Howard into our family, and we wish them all the best in their new life together.

The White House

Office of the Vice President

Readout of the Vice President's Call with Canadian Prime Minister Stephen Harper

The Vice President called Canadian Prime Minister Stephen Harper today to thank him for Canada’s significant contribution at the NATO Summit in Chicago toward sustainment of the Afghan National Security Forces post-2014.  Canada announced at the NATO summit in Chicago that they would provide $110 million annually for three years beginning in 2015.

The White House

Office of the Vice President

Readout of the Vice President's Call with Austrian Federal Chancellor Werner Faymann

The Vice President called Austrian Federal Chancellor Werner Faymann today to thank him for his personal engagement and participation at the NATO Summit in Chicago, and for Austria’s significant pledge of financial support for sustainment of the Afghan National Security Forces post-2014.  The Vice President also praised the Chancellor for Austria’s important contribution of troops to a number of peace and stability operations worldwide.

Vice President Biden at West Point

  • Vice President Joe Biden Arrives at Military Academy

    Cadets from the class of 2012 line the road as Vice President Joe Biden's motorcade pulls in, the United States Military Academy at West Point.

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  • Female Cadet sits in Front row at Commencement

    A female cadet sits in the front row at the 2012 commencement ceremony at the United States Military Academy at West Point.

    2 of 6
  • Vice President Joe Biden Delivers the Commencement

    Vice President Joe Biden delivers the commencement address at the United States Military Academy at West Point.

    3 of 6
  • Vice President Joe Biden Delivers Diplomas

    Vice President Joe Biden shakes hands and delivers diplomas during commencement ceremonies at the United States Military Academy at West Point.

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  • Hats in the Air

    Newly commissioned 2nd lieutenants throw their hats in the air during the 2012 commencement at the United States Military Academy at West Point.

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  • Exuberance

    Newly commissioned 2nd lieutenants hug after the 2012 commencement ceremony at the United States Military Academy at West Point.

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Last weekend, Vice President Biden delivered the commencement address to the graduating seniors at U.S. Military Academy.

He told the Class of 2012 that they are joining a proud tradition:

West Point has prepared you to lead us to face these new challenges, some of which we have yet to even contemplate, let alone encounter.  Because as I said at the start, you are not only strong and committed, you are also some of our nation’s sharpest minds, with the training to take today’s missions -- counterinsurgency, counterterrorism, training foreign armies -- and the minds to adapt to tomorrow’s horizons, from cyberspace to outer space.

There is such a proud history here. Such a proud tradition. And I have no doubt that many of you in this class are not only going to make extraordinary contributions to the military but also to civilian life because West Point is in the business of producing -- not only great officers –- it produces great leaders and great Americans.

As President Theodore Roosevelt said, upon West Point’s Centennial, 110 years ago next month, he said: “Your duty here at West Point has been to fit men to do well in war.  But it is a noteworthy fact that you also have fitted them to do singularly well in peace. The highest positions in the land have been held, not exceptionally, but again and again by West Pointers.” West Pointers who have risen to the first rank in all occupations of civilian life.

Were he here today he’d only alter that quote slightly –- young men and women are prepared to do that. 

Read the Vice President's full remarks here.

 

America Remembers

Vice President Joe Biden and Dr. Jill Biden address the Tragedy Assistance Program for Survivors (May 25, 2012)

Vice President Joe Biden and Dr. Jill Biden address the Tragedy Assistance Program for Survivors (TAPS) National Military Survivor Seminar in Arlington, Virginia, May 25, 2012. (Official White House Photo by David Lienemann)

My husband Joe and I spent the morning with some of our nation’s bravest heroes -- kids, spouses and parents who have lost loved ones who have served in the military.
 
We were honored to kick off the 18th annual Tragedy Assistance Program for Survivors (TAPS) National Military Survivor Seminar and Good Grief Camp for Young Survivors. TAPS is a national nonprofit organization providing care to families of the fallen, including peer emotional support, grief and trauma resources and information, casualty casework assistance and crisis intervention, for all those affected by the death of a loved one who served in the military.

This weekend, TAPS will help children and families of fallen service members build relationships that will last a lifetime. They will bond over their shared experiences, support one another, learn ways to cope with their grief, and also have a little fun touring our Nation’s capital.  The camp is really making a difference in the lives of the children who attend – many of whom come back year after year, and some go on to become counselors themselves.  I met a teenager who lost his father when he was nine, and this weekend he is attending the camp for the fifth time. He is heading off to college in the fall, and I am certain he will continue to inspire and support people he meets throughout his life.  

These families have endured so much – and yet they are pillars of strength that inspire us all.  The months and years ahead will not be easy for them, and some days will be better than others.  But they have one very important thing to help get them through – the military family.  And as an Army mom, I know that means they will never be alone.  It is my hope that on Memorial Day – and every day – these families will know that our entire Nation mourns alongside them, and that we will never forget their loved ones.

Dr. Jill Biden greets children at the TAPS National Military Survivor Seminar (May 25, 2012)

Dr. Jill Biden greets children at the Tragedy Assistance Program for Survivors (TAPS) National Military Survivor Seminar & Good Grief Camp for Young Survivors in Arlington, Virginia, May 25, 2012. (Official White House Photo by David Lienemann)

The White House

Office of the Vice President

Readout of the Vice President's Meeting with the Conference of Presidents of Major American Jewish Organizations

Vice President Biden met today at the White House with representatives of the Conference of Presidents of Major American Jewish Organizations. The Vice President addressed the Obama Administration’s unprecedented support for Israel’s security; our steadfast opposition to any attempts to delegitimize Israel; and our commitment to a lasting, secure peace that is in the interest of Israelis, Palestinians and the United States. The Vice President also discussed a range of regional issues, including Iran. The Vice President praised attendees for their support of a strong relationship between the United States and Israel and the broad range of policy, charitable and intellectual pursuits in which they are engaged.

The President and Vice President's 2011 Financial Disclosure Forms

Today, the President and Vice President released their 2011 financial disclosure reports. 

The Ethics in Government Act of 1978 requires high-level federal officials to publicly disclose their personal financial interests. The public filing system serves to prevent financial conflicts of interest by providing for a systematic review of the finances of government officials. Those finances are set forth in annual disclosures which are reviewed and certified by ethics officials.  Neither the President nor the Vice President have any conflicts of interest, and their reports have been reviewed and certified by the independent Office of Government Ethics. We are continuing this Administration's practice of posting these forms online here in the interests of transparency:

White House staff are also completing their forms and we anticipate they will be available here next month, also in electronic form.

Jay Carney is the White House Press Secretary
Related Topics: Ethics

President Obama & Vice President Biden Honor the Nations TOP COPS

President Obama TOP COPS 2012

President Barack Obama greets 2012 National Association of Police Organizations Top Cops honorees following his remarks in the Rose Garden of the White House, May 12, 2012. (Official White House Photo by Pete Souza) May 12, 2012. (Official White House Photo)

Today, in a ceremony in the Rose Garden of the White House, President Obama and Vice President Biden honored the winners of the National Association of Police Organizations (NAPO) TOP COPS award for law enforcement who have shown bravery and valor in the line of duty.
 
President Barack Obama, joined by Vice President Joe Biden, National Association of Police Organizations President Tom Nee, and Homeland Security Secretary Janet Napolitano delivered remarks on the imporant role law enforcement officers play, how they put their lives on the live every day to keep America's citizens and neighborhoods safe.  The President  noted:
 You know, I look forward to this event each and every year, because it’s a chance to say thank you.  Every day, hundreds of thousands of law enforcement officers keep our neighborhoods safe, and frankly, they don’t ask for a lot.  They don't ask for a lot of credit.  They don’t go to work planning to be heroes.  They just do their jobs.

But when you put on that badge, you assume a special responsibility.  And every time you put it on, you never know if this day will be the day that you’ve spent your entire career training for -– the day when just doing your job and being a hero are exactly the same thing.  For the men and women standing behind me, America’s Top Cops, that day came.  And when it did, they were ready.  They didn’t flinch.  They didn't back off.  There are people who are alive today only because of their courage.

President Obama also remarked that we must continue to to support our men and women in law enforcement, like the Top Cops and work to make their line of work safer and more effective because, he said:

Our safety will always depend on the quiet heroism of ordinary Americans, like the ones that we recognize today.  We will be forever in debt to those who wear the badge; to men and women with a deep sense of duty, and a willingness to serve and sacrifice on our behalf.  And I think these individuals don't mind me saying that they are representative of the sacrifices and that quiet courage that exists among law enforcement officers all across the country -- and their families, because I know the strains of families in such a difficult job is significant as well.  And those families, those of you who are here today, we want to say thank you to you as well.

So, again, to the 2012 Top Cops, thank you for everything you do.  God bless you and your families.  And God bless the United States of America.  All right. 

 
 
Download Video: mp4 (378MB) | mp3 (24MB)
Related Topics: Homeland Security, Service