U.S. President Barack Obama speaks about student loan interest rates at the University of North Carolina, Chapel Hill

President Obama speaks to students at the University of North Carolina, Chapel Hill, about student loan interest rates. Obama says that a college education is the best predictor of success in America. He proposes freezing the current interest rates on a popular federal loan for poorer and middle-class students. Obama calls for the states to make higher education more affordable and for Congress to protect Pell grants and expand work-study jobs.