News Conference on Educational Loans
President Clinton announced the new Individual Education Account, which enables students to borrow money for college and to determine how… read more
President Clinton announced the new Individual Education Account, which enables students to borrow money for college and to determine how to pay it back in the way that best fits each individual’s needs as his or her work life changes. The president said there will be four ways to repay the accounts, and people will be able to switch back and forth among payment options at any time and at no cost, depending on what is best for them. The president also spoke on the framework agreement with North Korea, calling it a “good deal for the United States.” Under the agreement, North Korea will freeze and then dismantle its nuclear program. South Korea, with support from Japan and other nations, will bear most of the cost of providing North Korea with fuel to make up for the nuclear energy it is losing. South Korea also will pay for an alternative power system for North Korea that will allow them to produce electricity, while making it much harder for them to produce nuclear weapons. He said the United States and international inspectors will “carefully monitor” North Korea to ensure that it keeps its commitments. He also took questions from the press concerning such topics as the situation in Iraq and the midterm elections. The news conference took place at 2:30 PM EDT. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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College Education Opportunities
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