Vice President Joe Biden will be in Norfolk next week to talk about how the Obama administration is going to contain the rising costs of higher education. With student loan debt now topping $1 trillion, these costs are, indeed, a major concern for students, parents and anyone else who has co-signed a loan.
But the president’s proposed “Blueprint for Keeping College Affordable and Within Reach for All Americans” isn’t the way to do it. Even Matt Miller of the normally White House-friendly Center for American Progress has taken issue with the administration’s blueprint, largely because it would add even more student loan debt to the already massive pile:
He’d boost campus-based Perkins loans and target the increase to schools taking steps to slow the growth of tuition. Translation: more student debt, administered in ways that may at the margins reward colleges that have had smaller price increases than others.
That’s not exactly a recipe for making college more affordable.
[Continue reading Norman Leahy’s post at Bearing Drift.]
Norman Leahy blogs at Bearing Drift. The Local Blog Network is a group of bloggers from around the D.C. region who have agreed to make regular contributions to All Opinions Are Local.