CAROL LIN, CNN ANCHOR: One year from today, President Clinton leaves office. But ahead of next week's State of the Union address, he's promising his most ambitious year since he came to Washington. Today, Mr. Clinton is offering a plan that could make college more affordable. CNN White House correspondent Kelly Wallace has more. No shortage of initiatives out of the White House, Kelly.</s>KELLY WALLACE, CNN WHITE HOUSE CORRESPONDENT: That's exactly right, Carol. And today the focus will be on higher education when President Clinton is expected to unveil what a senior aide describes as a "major education initiative" to enhance the tax deductibility of tuition to make college more affordable. The aide would not give us any more details, other than to say the proposal would offer people within a certain income range the option of either deducting tuition costs or getting a tax credit. And politics will certainly be in the air at today's announcement because the first lady and likely U.S. Senate candidate Hillary Rodham Clinton, along with New York Senator Chuck Schumer, will be joining the president. Senator Schumer has long been an advocate of deducting college tuition costs, and that is certainly something that would appeal to middle-class suburban voters, an important target for any candidate in New York. Now, later in the day, Mr. Clinton will switch gears a bit and focus on Middle East peacemaking when he meets with Palestinian leader Yasser Arafat. Mr. Arafat arrived in Washington, and he will come to the White House this afternoon. The Palestinians and the Israelis have set a deadline of mid February for coming up with a framework for a comprehensive peace deal, and the White House says it will continue to help the parties in any way it can to help them do that. But senior officials do concede that meeting that deadline will be difficult. And an important goal of today's meeting will be keeping the momentum up, because today's meeting comes just days after Israel and Syria decided to temporarily suspend their peace negotiations. Kelly Wallace, CNN, reporting live at the White House.</s>LEON HARRIS, CNN ANCHOR: All right, thank you, Kelly.
President Clinton Expected to Unveil Plan to Make College More Affordable