In a speech at Knox College in Illinois yesterday, President Obama promised “an aggressive strategy to shake up” higher education. “Today more students are earning their degree, but soaring costs saddle them with unsustainable debt,” said the president. “Families and taxpayers can’t just keep paying more and more into an undisciplined system where costs just keep on going up and up and up. We’ll never have enough loan money, we’ll never have enough grant money to keep up with costs that are going up 5, 6, 7 percent a year. We’ve got to get more out of what we pay for.”
Precisely. But what he intends to do about it remains unclear.
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