President Obama and Education Secretary Arne Duncan want the United States to lead the world in the percentage of people who graduate college by 2020, which will mean increasing by at least 8 million the number of students completing college over the next 10 years. President Obama noted in a speech yesterday that by “making college affordable … we’ll reach our goal of once again leading the world in college graduation rates by the end of this decade.” But new proposals for regulating the for-profit higher education industry outlined by …
The New York Times and Washington Post are reporting that an agreement has been reached to include a federal takeover of student loans as part of the forthcoming reconciliation package. The New York Times reports: Democratic Congressional leaders struck a tentative agreement on Thursday that breathes new life into President Obama’s proposed overhaul of federal student loan programs. The deal would bundle the bill into an expedited budget package along with the Democratic health care legislation, which would allow for both measures to be passed by the Senate on a …
This week, the College Board released its annual report on Trends in College Pricing which found bad news for students and taxpayers. American colleges continue to hike tuition rates to record high levels—well ahead of the consumer price index. At 4-year public institutions, tuition and fees rose by 5.9 percent. At private 4-year (not for profit) colleges, tuition and fee costs rose by 4.4 percent. This year’s increases follow a trend that has lasted for decades with post-secondary education costs skyrocketing at rates well ahead of inflation. Policymakers on Capitol …
Welcome to a new feature of the Foundry, Outside the Beltway, where we will semi-regularly post state and local stories of either conservatism at its best, or liberalism at its worst. Today, we start off with liberalism at its worst. Providence, Rhode Island Mayor David Cicilline wants to tax college students $150 every semester to have the privilege of studying in his city. Because the mismanaged city is running a $17 million deficit, they need to find new money, rather than new savings. And the best new money is to …
