http://online.wsj.com/article/SB10001424052970204573704577186653021909344.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsThird
Obama proposed a plan that would withdraw federal campus-based financial aid from colleges and universities that increase tuition too rapidly or fail to provide a good value for the money. This plan has major flaws to it. It penalizes colleges, instead of states, which are slashing higher education budgets. By punishing the schools, there would be a higher risk of less financial aid to students. The plan disadvantages the precise institutions that are doing exactly what he claims he wants us to do, move people into the middle class. This plan is counter productive because it is too rough on schools that need to raise tuition because of growing expenses for improvement, losses on investment, and cuts to funding. Colleges should realized that maybe being dependent on the federal government is not the greatest idea.
For right now I agree that this plan doesn't seem to be the greatest idea. However, since Obama did not release specifics about this plan hopefully it could turn around and benefit the schools more than we originally suspect. The new york times also published an article about this that gives a little more information http://thecaucus.blogs.nytimes.com/2012/01/27/in-michigan-obama-calls-for-overhaul-of-financial-aid/?scp=1&sq=obama%20at%20u%20of%20m&st=cse ....but let's be honest he did say "Go Blue" so it's all good.
ReplyDeleteI agree with you, Jon. The schools don't need to be penalized. Great article
ReplyDeleteI agree that it is harsh on colleges that need to raise tuition. However, I also think it is a good idea to have some kind of repercussion for raising tuition too rapidly or if colleges are not providing a good value. If they can workout the issues with this plan I think it could be beneficial.
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