Obama takes tougher stance on higher education

Obama urges more transparency about the cost of an education and the success of graduates.

Access to college has been the driving force in federal higher education policy for decades. But the Obama administration is pushing a fundamental agenda shift that aggressively brings a new question into the debate: What are people getting for their money?

Students with loans are graduating on average with more than $25,000 in debt. The federal government pours $140 billion annually into federal grants and loans.

Unemployment remains high, yet there are projected shortages in many industries with some high-tech companies already complaining about a lack of highly trained workers.…Read More