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College Affordability & Cost
Education was historically considered a great equalizer in American society, capable of lifting less advantaged children and improving their chances for success as adults. But a body of recently published scholarship suggests that the achievement gap between rich and poor children is widening, a development that threatens to dilute education’s leveling effects.
In a package of proposed rules circulated among a team of negotiators this week, the department is seeking to make it easier for certain disabled borrowers and public servants to have their debts forgiven.
While tuition bills continue to skyrocket, a small but growing number of private colleges and universities are bucking the trend and going on sale.
After seeing enrollment decline for the first time in a decade, the University of Charleston, in West Virginia, slashed tuition by 22% for the upcoming school year hoping to entice more students. Tuition for new students will be $19,500 per year beginning in August - down from the current rate of $25,000. In an interview with CNNMoney, the university's president, Dr. Edwin Welch, explains why he took this unusual step and what the impact has been so far.
Shrugging off widespread criticism of its college tuition cap proposal, the Obama administration mounted a public-relations blitz Monday to sell the plan to students and university leaders. Despite its grim chances in Congress, the plan could still reap benefits for the White House, specialists say. It may help restore enthusiasm among college-age voters, a critical constituency for Mr. Obama's re-election effort. College leaders and many Republicans believe the measure would represent an unprecedented federal intrusion into the higher education market by essentially instituting price controls.
Alan Walker, president, Upper Iowa University, writes: How education is delivered is really important, because it has a huge influence on the costs of education to our students, as well as on recognizing that many cannot commit to the traditional four-year college structure. Largely because of the economic realities, the need to offer a structure that can still accomplish the student's educational goals at an affordable price is imperative. We've adopted an innovative structure with essentially four avenues leading to a degree.
There's no doubt rising college tuition costs are making it harder for more students to enroll in school and stay there until graduation. And Mr. Obama is right that schools need to be smarter about controlling costs without sacrificing quality. But withdrawing federal aid from schools that fail to hold down costs would need to be done carefully, lest it produce just the opposite of the intended result. Everyone wants college to be more affordable. But officials are going to have to be a lot clearer about what they mean by affordability and how that standard will be applied.
Much of what the federal government does to help college students is in indirect support, through grants, loans and jobs, which affect people attending private as well as public colleges. Yet that level of support can't keep pace with demand, much less the super-inflationary flow of tuition and other college costs. The imbalance is birthing a generation of graduates defined more by overbearing debt than its preparation for employment.
Average tuition and fees at public four-year colleges is $7,605 per year for in-state students and $11,990 for full-time out-of-state students, according to a 2010 report from CollegeBoard, a nonprofit organization that researches higher education trends. Time for plan B. Public two-year colleges charge an average of $2,713 per year in tuition and fees. In addition to utilizing community colleges, other methods are being explored to keep costs down or provide alternatives to traditional four-year colleges.
David J. Skorton, President, Cornell University, writes: In the wake of President Obama's State of the Union Address last month, many Americans are talking about college affordability. As they have been. As well they should. At Cornell we, too, are struggling to find the resources to sustain our commitment to access. And the vast majority of schools don't have the resources to do what we have done. So, the Obama administration needs to work with institutions of higher education to customize approaches.
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