"President Obama drew a spotlight on the high cost of attending college this past week, a worthy cause, but unfortunately, he sees the answer in more government control over all colleges. Government caused most of the problems in the first place.
Mr. Obama is slow-walking a nationalized college education system.
Barack Obama can’t come right out and nationalize college education with a Common Core maneuver, as he is doing in the K-12 school system, so he is instead working his way up to controlling colleges using aid money.
William Pitt once said, Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves."
Mr. Obama is putting forward a plan for ranking colleges that
would be tied to aid as a way to cut college costs. The government would decide school rankings, including private schools, according to tuition, student-loan debt, and graduation rates. Students will get more aid money by going to the colleges that the government decides are best.
When it doesn’t work, more exemptions, carve outs, and cronyism will seep in as it always does with massive government programs.
Higher education is about to be politicized.
Government caused the problem with their easy loan money and Mr. Obama’s answer is more government.
The high cost of college today is in large part due to student aid money. The government gives easy money to colleges and they never have to lower the costs of anything. In fact, they add unnecessary frills to entice students to their country club environment. Colleges encourage more-and-more students to attend since they will be bailed out with the student loans by the taxpayers. The government controls more than 90% of the loan money in this country, but it will eventually be 100%. With this new program that Mr. Obama wants, higher learning will be under the thumb of the government for their very existence.
Mr. Obama wants to cap payments at 10% of their income, which puts the burden on the taxpayer. It is just another redistribution of income idea.
Eventually, the government will get to decide what schools are good and why, how much they can charge, and who they should enroll."...... More