September 29, 2013
JUST ANOTHER COMMODITY:
A bachelor's degree could cost $10,000 -- total. Here's how. (Dylan Matthews, September 26, 2013, Washington Post)
[H]elpfully, the good folks at Third Way have noticed that the conversation about how to reign in tuition has gotten a little too small-minded. "For both parties, in particular Democrats, our solution to the problem of rising cost of college has been to subsidize the rising cost," the think tank's president, Jonathan Cowan, says. "That's been our official policy, to subsidize the rising cost, and that has to be seen as a fairly intellectually bankrupt approach. We need a dramatically different approach that is about driving down the rising price."To that end, Third Way is publishing a new report by Anya Kamenetz, one of the most interesting writers on higher ed innovation in the game, that lays out a detailed plan for pushing the total cost of a public bachelor's degree down to $10,000. Not $10,000 a year, mind you: $10,000 total. She's not the first to have this idea, as Govs. Rick Perry (R-Tex.), Scott Walker (R-Wis.) and Rick Scott (R-Fla.) have all proposed $10,000 degrees.
Government spending/loan guarantees are just middle class welfare and once you strip the system down to thing we're trying to buy, which is just the degrees, you can drive costs down pretty quickly.Posted by Orrin Judd at September 29, 2013 7:21 AM