2Center for American Progress | Making College More Affordable
Presiden Obama’s plan would reward colleges ha oer lower ne uiion and provide agood value o sudens by giving hem more access o campus-based aid—work-sudy,Perkins Loans, and supplemenal gran aid or Pell Gran-eligible sudens. Colleges wihhigh uiion would receive less campus-based aid, alhough i’s no clear ye jus how muchless aid hey would ge. Te presiden also proposes a Race o he op compeiive granprogram or sae sysems ha commi o reducing coss and promoing college compleion.Te high price o college uiion is a complicaed problem ha demands a complex soluion.Te Whie House’s plan relies upon he idea ha he hrea o losing ederal unding—orhe promise o gaining more—is a srong incenive or colleges o comply. Bu here areoher seps ha mus be aken o encourage colleges o drive down uiion. Here are several.
Provide better ways to determine college quality
Wih litle oher inormaion available abou college qualiy, high price is one o he ways a college can signal o poenial sudens ha i oers a high-qualiy educaion.Te ederal governmen mus oer prospecive sudens beter ways o gauge collegequaliy i hey wan schools o drop heir prices. One way o provide beter inorma-ion is o require collegeaccrediorso make public he inormaion hey collec onhow well colleges do heir jobs.
Incentivize colleges to use technology to drive down costs
Some colleges would like o limi heir coss, bu hey don’ know how o begin.echnological advances in daa managemen, online courseware, and e-exbooks candramaically reduce spending bu only i implemened well. Te ederal governmen mussuppor pilo programs ha show colleges how echnology can drive cos down, no up.
Start scrutinizing how colleges spend federal money
In he debae over or-pro colleges, many legislaors were ouraged ha a school wouldspend he bulk o he ederal money i receives on shareholder pros or markeingraher han educaion. Bu we acually know very litle abou how colleges spend heederal nancial aid and research dollars hey receive. Te presiden should expand daacollecion on how colleges spend heir money and consider wheher he use o ederalnancial aid money should be limied o educaional expenses.