We have 17 million Americans with bachelor's degrees doing menial work that doesn't require that level of education. Instead of trying to subsidize the cost of college, the focus should be on rejuvenating vocational education and skill-specific certificate programs.
While this freeze is far from a single solution to the problem of affordability, it is a symbol of Ohio State's historic commitment to access. We are seizing this moment to hold the line on tuition for tens of thousands of Ohio students and, in doing so, leaving millions of dollars on the table.
The economy should not be an end in itself, an irresistible force that we fail to serve at our peril -- yet that's the conventional attitude. The economic suicides of Europe are testimony to the prevalence of this belief.
If we recognize and address the serious threat of a potential student loan meltdown, we can protect student enrollment from a crisis that could leave our colleges looking like our foreclosed neighborhoods, a sad legacy of the recent mortgage crisis.
I shiver with fear when I think about skyrocketing tuition, climbing interest rates for student loans and the crushing debt my daughter and her friends will face after finishing school, especially in the current job market.
While I support expanded funding of Pell grants, I am certain that increasing the debt burden on any subset of students will be harmful to student degree attainment and to our nation's economic health.
For-profit colleges have been able to seize the opportunity to marry Internet classes with federal student aid to serve this degree-hungry population: the many thousands of students whose work and life schedules don't fit the "academic calendar.