President Obama to Colleges: Keep Costs Down, and You’ll Get More Federal Dollars

Barry Lenson

President Obama to Colleges: Keep Costs Down, and You’ll Get More Federal Dollars

President Obama to Colleges: Keep Costs Down, and You’ll Get More Federal Dollars  "We are putting colleges on notice. You can’t assume that you'll just jack up tuition every single year."

-          President Obama speaking at the University of Michigan, January 27, 2012

We usually steer clear of politics on this blog. But an idea expressed by president Obama in a speech at the University of Michigan on January 27 makes so much sense, we have to stand up and take notice. If the same idea had come from a Republican president we would write about it too. (Heck, if Donald Duck had come up with the idea, we would probably cheer too.)

So what’s the plan? To quote from the president . . .

“If you can't stop tuition from going up, then the funding you get from taxpayers each year will go down. We should push colleges to do better. We should hold them accountable if they don't.”

The president’s proposal, which he hinted at during his annual State of the Union Address earlier in the week, would reward states that were able to keep tuition down. Plus, colleges that achieved “efficiency” would be eligible for extra funding as part of what the president called a “First in the World Competition.” The new plan would cost $1 billion to implement.

What are the chances of this new plan being put into practice? Possibly not that great, given Congress’s current tendency to ridicule any bill that contains the word “spend.”  But isn’t it time for someone to control tuition rises? No matter your political outlook, that is an idea whose time has come.

Related Posts:

The Cost of Education: Trends and Options
Think Tuition is All You Pay? Think Again . . .
What Will the 2012 Elections Mean for American College Students?
Occupy Wall Street Movement Airs Frustration with American Higher Education

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