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Sunday, November 28, 2010

Change in college - this is what we need to do and think about

Just wanted to review what we hope to accomplish in changing the way we think about college. Here are our goals:

 Encourage more high school graduates to consider alternatives to college.

 Get more college students to study majors that will serve them well in increasing their ability to move out of their parents house.

 Make the economic return of college degrees more transparent and more available to students.

 Make the US more competitive via a workforce better prepared to meet the demands of the job market.

 Discourage students from going deep into debt to obtain degrees with little or no hope of financial returns. In fact, going deep into debt for any reason is almost always a bad idea!

 Get more people to question the assumption that the more one spends on college the more successful one will be.

 Reduce the cost of college – this does not mean providing more college subsidies. It means putting more economic pressure on colleges and universities to manage their costs much more aggressively.

 Hold colleges and universities to the same financial standards, expectations, and measurements that the rest of our economy has to deal with. In short, they need to provide a better (and more relevant) education at a lower cost.

 Help students who do need to borrow money for college, to do so wisely.

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