Forbes – Obama Wants To Fix Education Crisis — Then Get Out Of The Way
September 2, 2013
By Raj Sabhlok
Last week, President Obama added lowering college tuition fees and raising the quality of education to his administration’s agenda. The president rightly lamented the rising costs of tuition in this country, which have ballooned over 1,100 percent in the last thirty years — with no abatement in sight.
But, if the president truly wants to fix the ills of higher education, he would be better served by getting out of the way.
How did we even get here?
At odds with the emphasis on a college education in the U.S. is the high cost of higher education. College tuition in the U.S. ranks among the highest of developed countries, costing over 50 percent of the average income per year. In large part, by making tuition loans available to nearly anyone at very low interest rates, the government has aided and abetted colleges in hyperinflating the cost of an education.
Surely, the rising costs of college must mean a commensurate increase in the quality of education, right? Hardly.
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