The problem of spiraling college tuition costs are the result of colleges' increasing dependence on federal and private loans. Colleges have continued to hike up their sticker prices with little risk as students and taxpayers absorb the financial burden of student loan payments and defaults.
My real concern is with the plan's proposal to create a new college rating system and to tie student aid to it. I have no problem with my institution being rated or with a new rating system in general, but who will create this system? Higher education experts? Or politicians?
The excitement that typically surrounds college acceptance letters coming into households around the country is now being tempered by more than a little trepidation. The cost of college combined with a troubled economy means tough choices for prospective students.
My education is a worthwhile investment from my perspective, and to get a good education these days costs a good chunk of change. The bigger question is what to do now that I've graduated and have to start repaying my loans. Here's my plan of attack.
Congresswoman Virginia Foxx is the chairwoman of the Higher Education & Workforce Training Subcommittee. It turns out that Virginia Foxx knows about as much about the specifics behind the student loan crisis as Red Foxx, who is dead.
In a shrinking economy with a middle-class burdened by the extraordinarily high costs of college tuition in the United States, the best investment we can make for our long-term fiscal health is in increased access to higher education.