--- title: "Meaning & Key Takeaway of: In America, we've set up a system whereby…" description: "\"In America, we've set up a system whereby when you take on college debt, you will never have to pay more than 10 percent of your income in repayments. ..." image: "https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg" --- # In America, we've set up a system whereby when you take on… ![“In America, we've set up a system whereby when you take on college debt, you will never have to pay more than 10 percent of your income in repayments. And what that will do is make sure that you will never be prevented from going to school just because of money. We want to make sure that you and…” quote by Barack Obama](https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg) [Download](https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg) [Open image](https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg) > “In America, we've set up a system whereby when you take on college debt, you will never have to pay more than 10 percent of your income in repayments. And what that will do is make sure that you will never be prevented from going to school just because of money. We want to make sure that you and others like you can succeed.” [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Explains a policy limiting student loan repayments to 10% of income, aiming to remove financial barriers to education. **In simple terms:** Loan payments capped at 10% of income to aid students. Key Takeaway Advocate for affordable education policies. Themes education finance access policy Mood optimistic policy‑focused Type political educational When to use this quote - college enrollment - financial planning - policy advocacy - student counseling Key Concepts income‑driven repayment economic equity Questions to Reflect On - How effective are income‑based repayments? - What other barriers exist for students? A Different Perspective Implementation challenges and political opposition. ★ ★ ★ ★ ★ No ratings yet [America](https://sms4smile.com/quotes/about/america/) [College](https://sms4smile.com/quotes/about/college/) [Education](https://sms4smile.com/quotes/about/education/) [Income](https://sms4smile.com/quotes/about/income/) [Repayment](https://sms4smile.com/quotes/about/repayment/) [School](https://sms4smile.com/quotes/about/school/) ## Related quotes > [I'd like to see college debt levels drop by a lot, but I'm not quite sure what the best way to do that is.](https://sms4smile.com/quotes/kevin-drum/i-d-like-to-see-college-debt-levels-drop-by-a-lot-but-i-m-not-quite/) [Kevin Drum](https://sms4smile.com/quotes/author/kevin-drum/) > [But learn that to die is a debt we must all pay.](https://sms4smile.com/quotes/euripides/but-learn-that-to-die-is-a-debt-we-must-all-pay/) [Euripides](https://sms4smile.com/quotes/author/euripides/) > [I want to make college debt-free and for families making less than $125,000, you will not get a tuition bill from a public college…](https://sms4smile.com/quotes/hillary-clinton/i-want-to-make-college-debt-free-and-for-families-making-less-than/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [If death is a debt must to pay, then you should not be afraid to live your life making the best of every moment,…](https://sms4smile.com/quotes/blaze-olamiday/if-death-is-a-debt-must-to-pay-then-you-should-not-be-afraid-to-live/) [Blaze Olamiday](https://sms4smile.com/quotes/author/blaze-olamiday/) > [I am a firm believer in reincarnation for people who either have more work to do or have so much debt to pay back…](https://sms4smile.com/quotes/prince/i-am-a-firm-believer-in-reincarnation-for-people-who-either-have-more/) [Prince](https://sms4smile.com/quotes/author/prince/) > [We can all agree that we need to be helping small businesses. All of us can agree that the cost of higher education is…](https://sms4smile.com/quotes/ilhan-omar/we-can-all-agree-that-we-need-to-be-helping-small-businesses-all-of/) [Ilhan Omar](https://sms4smile.com/quotes/author/ilhan-omar/) > [“You still owe a debt. Pay it.”](https://sms4smile.com/quotes/stephen-king/you-still-owe-a-debt-pay-it/) [Stephen King](https://sms4smile.com/quotes/author/stephen-king/) > [Men seem to be born with a debt they can never pay no matter how hard they try.](https://sms4smile.com/quotes/john-steinbeck/men-seem-to-be-born-with-a-debt-they-can-never-pay-no-matter-how-hard/) [John Steinbeck](https://sms4smile.com/quotes/author/john-steinbeck/) > [Those in high school going to college next year, and wanted Romney to win, I hope youre still paying off your college debt when…](https://sms4smile.com/quotes/anonymous/those-in-high-school-going-to-college-next-year-and-wanted-romney-to/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple:…](https://sms4smile.com/quotes/dan-ariely/imagine-you-owe-on-five-credit-cards-you-owe-five-debts-so-which-debt/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [I've stood in rooms in urban, rural, and suburban parts of my state and asked a room of middle class voters to raise their…](https://sms4smile.com/quotes/jason-kander/i-ve-stood-in-rooms-in-urban-rural-and-suburban-parts-of-my-state-and/) [Jason Kander](https://sms4smile.com/quotes/author/jason-kander/) > [If you borrow money to make money, you've done something magical. On the other hand, if you go into debt to pay your bills…](https://sms4smile.com/quotes/seth-godin/if-you-borrow-money-to-make-money-you-ve-done-something-magical-on/) [Seth Godin](https://sms4smile.com/quotes/author/seth-godin/) > [I had a lot of college debt. It's very difficult to go to a university that is as expensive as Stanford and then blindly…](https://sms4smile.com/quotes/lisa-joy/i-had-a-lot-of-college-debt-it-s-very-difficult-to-go-to-a-university/) [Lisa Joy](https://sms4smile.com/quotes/author/lisa-joy/) > [As a civil rights attorney and the daughter of a preacher, I understand I have a debt to pay.](https://sms4smile.com/quotes/jasmine-crockett/as-a-civil-rights-attorney-and-the-daughter-of-a-preacher-i/) [Jasmine Crockett](https://sms4smile.com/quotes/author/jasmine-crockett/) > [I felt like I've needed to ask my parents up until about four years ago about everything. They have helped me tremendously, I came…](https://sms4smile.com/quotes/steven-yeun/i-felt-like-i-ve-needed-to-ask-my-parents-up-until-about-four-years/) [Steven Yeun](https://sms4smile.com/quotes/author/steven-yeun/) ## More by Barack Obama > [So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…](https://sms4smile.com/quotes/barack-obama/so-here-s-what-i-want-you-to-know-and-here-s-what-i-want-all-our-men/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The peaceful transition of power is one of the hallmarks of our democracy.](https://sms4smile.com/quotes/barack-obama/the-peaceful-transition-of-power-is-one-of-the-hallmarks-of-our/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [As opposed to getting into arguments about, well, these folks have been treated fairly so now we're going to be doing things that, very…](https://sms4smile.com/quotes/barack-obama/as-opposed-to-getting-into-arguments-about-well-these-folks-have-been/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Donald Trump is temperamentally unfit.](https://sms4smile.com/quotes/barack-obama/donald-trump-is-temperamentally-unfit/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [What we've said to the girls is: 'If you guys ever decide that you're going to get a tattoo, then mommy and me will…](https://sms4smile.com/quotes/barack-obama/what-we-ve-said-to-the-girls-is-if-you-guys-ever-decide-that-you-re/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Nobody is listening to your telephone calls.](https://sms4smile.com/quotes/barack-obama/nobody-is-listening-to-your-telephone-calls/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [All of us take offense to anyone who reaps the rewards of living in America without taking on the responsibilities of living in America.…](https://sms4smile.com/quotes/barack-obama/all-of-us-take-offense-to-anyone-who-reaps-the-rewards-of-living-in/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The world is complicated and full of grays, but there's still truth there to be found.](https://sms4smile.com/quotes/barack-obama/the-world-is-complicated-and-full-of-grays-but-there-s-still-truth/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [ That is another theme in the book \[Dreams from My Father\]. How do we exercise more empathy in our public discourse? How do we… ](https://sms4smile.com/quotes/barack-obama/that-is-another-theme-in-the-book-dreams-from-my-father-how-do-we/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I can say across Europe that many principles that have been taken for granted here around free speech, and around civil liberties and an…](https://sms4smile.com/quotes/barack-obama/i-can-say-across-europe-that-many-principles-that-have-been-taken-for/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [So Americans understand the costs of war. Yet as a country, we will never tolerate our security being threatened, nor stand idly by when…](https://sms4smile.com/quotes/barack-obama/so-americans-understand-the-costs-of-war-yet-as-a-country-we-will/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I want to thank the Greek people publicly for their humanitarian response to the crisis of so many migrants and refugees seeking safety in…](https://sms4smile.com/quotes/barack-obama/i-want-to-thank-the-greek-people-publicly-for-their-humanitarian/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [We had a farewell dinner for some of my senior staff, and generally everybody likes to talk about how cool I was.](https://sms4smile.com/quotes/barack-obama/we-had-a-farewell-dinner-for-some-of-my-senior-staff-and-generally/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [ It's good to get fresh legs in \[the White house\]. I think that it refreshes our democracy. ](https://sms4smile.com/quotes/barack-obama/it-s-good-to-get-fresh-legs-in-the-white-house-i-think-that-it/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Believe it or not, entertainment is part of our American diplomacy, it is part of what makes us exceptional, part of what makes us…](https://sms4smile.com/quotes/barack-obama/believe-it-or-not-entertainment-is-part-of-our-american-diplomacy-it/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) [Explore all 3,624 Barack Obama quotes ](https://sms4smile.com/quotes/author/barack-obama/) ## More America quotes > [The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory…](https://sms4smile.com/quotes/noam-chomsky/the-costs-of-the-bush-obama-wars-in-iraq-and-afghanistan-are-now/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [Young men, especially in America, write to me and ask me to recommend “a course of reading.” Distrust a course of reading! People who…](https://sms4smile.com/quotes/andrew-lang/young-men-especially-in-america-write-to-me-and-ask-me-to-recommend-a/) [Andrew Lang](https://sms4smile.com/quotes/author/andrew-lang/) > [Well, The Day the Earth Caught Fire was a story... I don't if anybody knows what it is but it was about... in the…](https://sms4smile.com/quotes/val-guest/well-the-day-the-earth-caught-fire-was-a-story-i-don-t-if-anybody/) [Val Guest](https://sms4smile.com/quotes/author/val-guest/) > [So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…](https://sms4smile.com/quotes/barack-obama/so-here-s-what-i-want-you-to-know-and-here-s-what-i-want-all-our-men/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Today, the world looks to America for leadership. And America looks to its Corps of Marines.](https://sms4smile.com/quotes/ronald-reagan/today-the-world-looks-to-america-for-leadership-and-america-looks-to/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [The image of blacks usually is one of people who are suffering from hunger, unemployment, and poverty. The idea of them as agents and…](https://sms4smile.com/quotes/grace-lee-boggs/the-image-of-blacks-usually-is-one-of-people-who-are-suffering-from/) [Grace Lee Boggs](https://sms4smile.com/quotes/author/grace-lee-boggs/) > [ I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. \[salutes\] ](https://sms4smile.com/quotes/bill-hicks/i-ll-smoke-i-ll-cough-i-ll-get-the-tumors-i-ll-die-deal-thank-you/) [Bill Hicks](https://sms4smile.com/quotes/author/bill-hicks/) > [America is a democracy and has no Hitler, but I am afraid for her future; there are hard times ahead for the American people,…](https://sms4smile.com/quotes/albert-einstein/america-is-a-democracy-and-has-no-hitler-but-i-am-afraid-for-her/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [I'm gonna bring America together.](https://sms4smile.com/quotes/donald-trump/i-m-gonna-bring-america-together/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [In the nineteenth century some parts of the world were unexplored, but there was almost no restriction on travel.:; Up to 1914 you did…](https://sms4smile.com/quotes/george-orwell/in-the-nineteenth-century-some-parts-of-the-world-were-unexplored-but/) [George Orwell](https://sms4smile.com/quotes/author/george-orwell/) > [We need a system that serves our needs, not the needs of others. Remember, under a Trump administration it's called America first. Remember that.](https://sms4smile.com/quotes/donald-trump/we-need-a-system-that-serves-our-needs-not-the-needs-of-others/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [America, you're sending girls a mixed message. On one hand, you're saying to have positive body image and love who we are; on the…](https://sms4smile.com/quotes/adora-svitak/america-you-re-sending-girls-a-mixed-message-on-one-hand-you-re/) [Adora Svitak](https://sms4smile.com/quotes/author/adora-svitak/) > [You live overseas, you see these exotic places and you want to know about them. But, weirdly, it also made me homesick for all…](https://sms4smile.com/quotes/ken-jennings/you-live-overseas-you-see-these-exotic-places-and-you-want-to-know/) [Ken Jennings](https://sms4smile.com/quotes/author/ken-jennings/) > [Freedom in every sense but primarily political sense, a rise in repression that stems from a repression of sexuality. It's AIDS, it's herpes, it's…](https://sms4smile.com/quotes/jack-nicholson/freedom-in-every-sense-but-primarily-political-sense-a-rise-in/) [Jack Nicholson](https://sms4smile.com/quotes/author/jack-nicholson/) > [“In American terms, the accomplishment of Genghis Khan might be understood if the United States, instead of being created by a group of educated…](https://sms4smile.com/quotes/jack-weatherford/in-american-terms-the-accomplishment-of-genghis-khan-might-be/) [Jack Weatherford](https://sms4smile.com/quotes/author/jack-weatherford/) [Browse all 20,382 America quotes ](https://sms4smile.com/quotes/about/america/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "In America, we've set up a system whereby when you take on college debt, you will never have to pay more than 10 percent of your income in repayments. And what that will do is make sure that you will never be prevented from going to school just because of money. We want to make sure that you and others like you can succeed.", "creator": { "@type": "Person", "name": "Barack Obama" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/barack-obama/in-america-we-ve-set-up-a-system-whereby-when-you-take-on-college/", "about": { "@type": "Thing", "name": "America" }, "@id": "https://sms4smile.com/quotes/barack-obama/in-america-we-ve-set-up-a-system-whereby-when-you-take-on-college/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg", "contentUrl": "https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg", "url": "https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg", "width": 1080, "height": 1080, "caption": "“In America, we've set up a system whereby when you take on college debt, you will never have to pay more…” — Barack Obama", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Barack Obama", "item": "https://sms4smile.com/quotes/author/barack-obama/" }, { "@type": "ListItem", "position": 4, "name": "In America, we've set up a...", "item": "https://sms4smile.com/quotes/barack-obama/in-america-we-ve-set-up-a-system-whereby-when-you-take-on-college/" } ], "@id": "https://sms4smile.com/quotes/barack-obama/in-america-we-ve-set-up-a-system-whereby-when-you-take-on-college/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```