Original: “In today’s economy, a college education is a necessity. Yet the cost has more than doubled, making it extremely difficult for students to afford. Many are faced with years of paying off student loans, which stops them from meeting their life goals, like home or car ownership. Those purchases help the economy and create jobs.” Which is the paraphrased version of the above text?

a
President Obama, in his speech on college affordability, discussed what he has done to make college more affordable because he claims that it is important to get a good education. Since college can be expensive, he claims that additional money has been made available for student aid, and student loan repayment has been made more lenient.
b
Given the competitive job market, President Obama points out that it is important to get a good education. However, he admits that the high cost of education can make this a challenge for many students. The knowledge that they will be paying off student loans for years to come causes many potential students concern. They are afraid that student loan debt may prevent them from being able to afford other items like cars or homes. If enough students are in debt that these types of purchases decrease, suggests Obama, the businesses that provide these products will need fewer workers and the job market will become even more difficult.