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Obama vows to be aggressive with regulation if Congress doesn’t act

President Barack Obama used his State of the Union address Tuesday night to signal he won’t yield from an ambitious regulatory agenda in his second term despite a deeply divided Congress and the likelihood of steep spending cuts.

Addressing head on GOP attacks that he has overreached in the size and scope of government, Obama said that “it’s not a bigger government we need, but a smarter government.”

But at the same time he signaled a willingness to use his executive powers to achieve results if Congress can’t enact policies, especially in the environmental and energy arena.

Lawmakers should pass legislation that creates a market-based approach to reducing carbon emissions, but “if Congress won’t act soon to protect future generations, I will,” Obama declared.

“I will direct my Cabinet to come up with executive actions we can take, now and in the future, to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy,” he added.

He made no mention, however, of regulations on carbon emissions from existing coal-fired power plants, which are expected from the Environmental Protection Agency. Obama also did not address the proposed Keystone XL oil sands pipeline from Canada, which is backed by the oil industry but opposed by environmental groups as a climate threat.

Obama called for smaller energy objectives to be met, including the creation of his proposed Energy Security Trust to funnel federal oil and gas revenues to alternative vehicle development.

He also call for improved energy efficiency through the goal of cutting wasted home and business energy  by half over 20 years.

Though often at loggerheads with the oil and gas industries, the president acknowledged the advances of hydraulic fracturing have unleashed an energy boom that has kept electric price steady and made possible the once-unthinkable goal of reaching North American energy independence by the end of the decade.

Obama said he would encourage further domestic fossil fuel production by “cutting red tape and speeding up new oil and gas permits.” And on natural gas, Obama said he will ask Congress to approve new research “that helps natural gas burn even cleaner and protects our air and water.”

Still, the president faces difficult battles ahead as he tries to eliminate tax breaks from the oil and gas industry, weighs whether to approve the Keystone pipeline and keeps large swaths of federal lands and offshore waters from fossil fuel exploration.

On other energy issues, Obama called for aging pipelines and the electricity grid to be improved through a “Fix-It-First” infrastructure repair program. And he revealed that he signed an executive order earlier in the day to improve the government’s ability to deter cyber-attacks, while still calling on Congress to pass a broader cybersecurity bill.

The White House said the traditional lone member of Obama’s Cabinet not to attend the speech was Energy Secretary Steven Chu, who has announced his departure from the administration in the coming weeks.

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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