Worse, increasing federal subsidies shifts the burden of paying for college from the student--the person directly benefiting from having attended college--to the nearly three quarters of Americans who didn’t graduate from college. And the price tag for the Obama administration’s most recent overreach is steep: $575 million per year, the Congressional Budget Office says.
Government is again behind the curve. While more and more universities (such as MIT) are moving to put college courses online, the president wants to subsidize the old model, which has precluded the most underserved students from having access to college while adding to the astronomical cost of college for students everywhere.
- Government Is Behind the Curve, USNews.com, November 17, 2011.
About the author:
Zhang Xin is Trainer at chinadaily.com.cn. He has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.
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