Lake Minnetonka Liberty

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Why Is the White House Ignoring For-Profit Colleges?

Spurred on by the need to court a waning youth vote, the Obama Administration addressed a concern that has been on many students’ and recent graduates’ minds: The cost of education in America. Calling college presidents from across the country into the Oval Office, President Obama chastised university leaders for their high prices and lack of leadership in the area of cost control and admonished them to rethink the “cost equation” that accompanies higher education.
The take-away message from President Obama’s private meeting with higher-education leaders on Monday was threefold: There needs to be a new sense of urgency on college affordability, there won’t be a one-size-fits-all solution as policies will have to affect all sectors of higher education, and the country needs innovations and cost-management from colleges and leadership from state legislatures.
That’s according to Thomas J. Snyder, President of Ivy Tech Community College, who participated in the meeting. President Obama and Arne Duncan, the Secretary of Education, are now in what Mr. Snyder described as listening mode, “but I suspect some pretty substantial proposals will evolve in the next few months,” he said.

Read the rest at Big Government

Three Reasons We Shouldn’t Bail Out Student Loan Borrowers

“3 Reasons We Shouldn’t Bail Out Student Loan Borrowers” is written and narrated by Nick Gillespie and produced by Meredith Bragg.
About 3.33 minutes long. Go to Reason.tv for downloadable versions and subscribe to Reason’s YouTube channel to receive automatic notifications when new material goes live.
As the cumulative total of student loan borrowing approaches $1 trillion dollars, calls to forgive some or all of that debt are mounting. Federally guaranteed student loans make up more than half that total and Barack Obama is pushing to cap the amount any borrower must pay back in a given year and forgive outstanding balances after 20 years.
Among Occupy Wall Street protesters, calls to bail out student loan holders are arguably the single-most voiced demand and sites such as Forgive Student Loan debt beat the drum for immediate and widespread relief.
But forgiving student loan debt is a very bad idea for at least three reasons.
1. These loans are voluntary. All borrowers are excrutiatingly well-informed of how much they’re borrowing and how much they’re going to have to pay back.

Read the rest at Big Government