In response to:

Senate Fiddles While College Debt Explodes

Derek85 Wrote: Nov 19, 2012 8:14 PM
Every year I get hit up for a contribution to my alma mater. Last year I asked the board member who was calling me for the donation if they were going to raise tuition again. He said that as long as they had more applicants than they could take, they would keep raising tuition by about 12% per year. I realized that by subsidizing college tuition with Pell Grants we were just encouraging them to raise tuition. They are not going to stop raising tuition until they become unaffordable and applications drop off.

America’s accumulated college-loan debt will surpass $1 trillion this year; what is our leadership doing about it? The Obama Administration took over the student loan market and expanded Pell Grants, but hasn’t accomplished anything to address the root cause of the crisis: exploding college fees and related costs. The only thing they’ve done is criticize innovators and entrepreneurs.

The Senate Committee on Health, Education, Labor, and Pensions (HELP), chaired by Senator Tom Harkin (D-Iowa), issued a new report calling into question the costs and performance of For-Profit universities. There are actually hundreds of these schools, perhaps the most well-known being University...