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Senate Fiddles While College Debt Explodes

grannykk Wrote: Nov 19, 2012 11:43 AM
Some of this is already in play. In TN, some high school students are getting their education in this way. It works very well. Years ago, our son was at Michigan State, and some of his courses were in this manner. There are some classes that require lab work or one-on-one assistance, and that can easily be handled when necessary.

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...