Should not higher education be a joint venture?

We hear about kids who pursuing a better future have invested their time and money in order to study, frequently taking on debt, only to find themselves left alone holding the short stick. In the pursuit of better aligned incentives should higher education providers share more in the risks of the future instead of collecting all their dues, cash upfront, as they do now? What would you say if a student would sue his Alma Mater for failing to deliver upon the services promised?

1 comment:

Unknown said...

Millions of students leave college with crushing levels of debt. More than half of college aid comes in the form of loans. Over the next decade, the cost of college will deny college to 2 million high school graduates.

John Edwards believes we must bring college within reach for every young person. In the fall of 2005, he launched a program called College for Everyone in a rural county in Eastern North Carolina, which pays for tuition and books for high school students who agree to work part-time during their first year at a public college.

Edwards has proposed making the program available nationwide so every student who is willing to work hard has the chance to pursue a higher education. Research has shown that the first year of college is the most difficult one, where additional student aid can make the greatest difference.