To win the future, we should be providing incentives to encourage our youths to pursue professional careers that are suffering from labor shortages, instead of making education more costly and taxing for them.
Andrew Rossi's new documentary, Ivory Tower, looks at higher education today, especially the vertiginously escalating tuition costs and the consequences of those costs, from crushing debt burdens on young graduates to the compromises schools make to attract students who are able to pay full price.
I am not going to argue that a four-year college education isn't expensive. It is. I won't argue that its return on investment makes it worthwhile, although it surely does. I also cannot argue that increasing the number of administrators doesn't increase the cost of a higher education. It does.
Let me be clear. College is not right for everyone, but it undisputedly remains the ticket to socioeconomic mobility. We need to stop debating its value, and instead focus on ensuring more students have access to college.
In Andrew Rossi's new documentary, Ivory Tower, Rossi (Page One: Inside The New York Times) explores the rising cost of a college education in America and asks the unfortunate question, Is it worth it?
We know students and families across generations are struggling with their debt. High debt can also have serious impact on the economy: causing a generation of Americans to hold off starting a family, buying a house, or even saving for retirement.
The Obama administration's efforts to implement policies to address access and cost issues in higher education are well-intended. Yet in truth, they put the cart before the horse. A significant amount of work must be done first.
AASCU proposes a federal matching program to stop the privatization of public higher education. Called the Federal-State College Affordability Partnership, it would leverage up to $15 billion in federal student aid dollars to incentivize states to invest in public higher education.
I have explained to my children that when it comes to higher education, their parents are active co-investors. Thus we expect regular reports both from the universities and from them. Otherwise, both can expect to hear from us.