Skip to main content

Obama pushes transportation money at closed bridge

DARLENE SUPERVILLE
Associated Press

WILMINGTON, Del. (AP) — President Barack Obama announced a new program Thursday to attract more private money to help pay to build new roads and bridges as he criticized Congress for refusing to approve a more lasting source of funding.

The new program is designed to encourage collaboration between state and local governments and private-sector investors, expand the market for public-private partnerships and make greater use of federal credit programs.

Obama argued that the U.S. is losing its competitive edge to other countries that spend freely on infrastructure upgrades.

“First-class infrastructure attracts investment and it creates first-class jobs,” Obama said at the Port of Wilmington, where the recently closed I-495 bridge provided the backdrop. The bridge was closed indefinitely last month after four support columns were found to be tilting, forcing 90,000 daily drivers to find another way through downtown Wilmington.

Obama’s trip is part of a broader effort to press Congress to keep money flowing into the Highway Trust Fund, the source of federal aid to states for surface transportation projects. The fund is expected to begin running out of money next month unless lawmakers act.

The Republican-controlled House passed a temporary transportation funding bill this week to keep aid flowing through next May, after the midterm elections. A similar bill is pending in the Senate, though the chamber’s Democratic leaders are expected to vote next week on the House-passed measure. Obama supports the temporary patch but pressed for more stable funding.

He said even smaller transportation projects can take years to design, plan and build.

“A few months of funding doesn’t cut it,” said Obama, who has devoted most of his public appearances this week to pressing Congress to approve his four-year, $302 billion transportation proposal or come up with an alternative long-term measure.

Michael Steel, a spokesman for House Speaker John Boehner, R-Ohio, said the Democratic-controlled Senate is the roadblock to transportation funding, and he urged Obama to work to break the Senate gridlock.

“Instead, he is giving a petulantly irrelevant speech,” Steel said.

Transportation Secretary Anthony Foxx welcomed the progress on Capitol Hill but said a short-term solution “is still insufficient to solve our crisis.” Lawmakers have kept the fund teetering on the edge of bankruptcy since 2008 through a series of temporary patches because they can’t agree on a politically acceptable, long-term funding solution. Action is needed before Congress breaks for August.

Before arriving at the port, Obama stopped at the Charcoal Pit for a cheeseburger lunch with Tanei Benjamin, the single mother of a 6-year-old daughter who wrote him a letter last year about her personal situation. The White House said that after reading Benjamin’s letter Obama wrote “This is the person we are working for” on the bottom and sent the letter to his senior staff.

Obama has been meeting in public venues with the authors of some of the 10 letters he reads every night, part of a concerted White House push to get him out of Washington and interacting with everyday people.

Afterward, Obama flew to New York City for two separate political events for the Democratic Party and the House Majority PAC, which tries to help Democrats win House seats. The first event was a fundraiser at a private home at the Trump Place apartments on Manhattan’s Upper West Side and was attended by about 30 supporters who paid up to $32,400 each.

House Majority PAC said Obama was appearing at the second event as a special guest, but would not directly solicit donations. The super PAC said it had invited a select group of its supporters to hear the president speak. Both events were closed to media coverage.

___

Follow Darlene Superville on Twitter: http://www.twitter.com/dsupervilleap

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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
Read Next Story