Week in Review

Jan/13/2015 - 6:30pm

Career College Central Summary:

President Obama announced a plan Friday to provide free community college to any “responsible” student who wanted it.

That’s a bad idea. Community colleges perform poorly, and any additional government subsidy of these already heavily subsidized, weak performers would likely be a waste of money. For proof, compare them to  much derided for-profit …

Jan/13/2015 - 6:24pm

Career College Central Summary;

A few years ago, Johns Hopkins University political science professor Steven Teles wrote a wonderfully insightful essay titled “Kludgeocracy: The American Way of Policy.” In computer-programmer slang, a kludge is a clumsy or awkward patch that keeps a system working without addressing its fundamental problems, the equivalent of duct tape on a …

Jan/12/2015 - 8:46pm

Career College Central Summary;

Let’s get this straight. First, we are a nation with an $18 trillion debt that, five years into a business cycle upturn,  that still cannot come close to balancing the federal budget despite Obama-induced tax increases.  Second, we have a very significant problem of overinvestment in higher education that manifests itself in …

Jan/12/2015 - 8:39pm

Career College Central Summary:

Jan. 12 (Bloomberg) — Chegg President and CEO Dan Rosensweig discusses the cost of a college education and President Obama’s community college plan. Rosensweig speaks on “Bloomberg West.” 

 

Click through to watch the video.

BLOOMBERG TV

Jan/12/2015 - 8:32pm

Career College Central Summary:

The White House Facebook post detailing the proposal was the most successful ever, according to White House press secretary Eric Schultz. But many question the success of the proposal itself.

“The proposal is aimed squarely at stopping state divestment from public colleges, which is crucial to making college more affordable,” the Institute for …

Jan/12/2015 - 8:20pm

Career College Central Summary:

President Obama has proposed taking state and local initiatives providing free community college for 2 years and making them a national program.

The proposal, unveiled in a speech in Knoxville, Tenn., last week, has a $60 billion price tag. And in his speech Obama made clear he views this as much as an …

Jan/11/2015 - 9:06am

Career College Central Summary:

President Barack Obama’s proposal to give millions of students free tuition at community colleges made a big splash on Friday, as the administration had intended.

But the moment also exposed the limits of Obama’s power on education, as his ambitions for big, legacy-defining initiatives run smack into a buzzsaw of opposition from across …

Jan/11/2015 - 8:53am

Career College Central Summary:

For-profit universities just can’t get a break. They’ve been sued for predatory lending schemes, outed for the low job and salary prospects they confer to their graduates and lambasted for the high rate at which these same graduates default on their student loans. On Friday, for-profit universities were dealt another blow, this …

Jan/11/2015 - 8:48am

Career College Central Summary:

KNOXVILLE, Tenn. — In California, community college tuition and fees average less than $1,500 a year, the lowest in the nation, and with government grants, most students pay nothing. In Florida and Michigan, the cost is over $3,000, yet poorer students still attend free. But in Vermont and New Hampshire, prices are …

Jan/11/2015 - 8:39am

Career College Central Summary:

On January 9, 2015 Rep. Cohen of Tennessee asked for and was granted permission to address the United States House of Representatives for one minute regarding the idea of funding a college education to all Americans.

His comments are as follows:

“Mr. Speaker, today the President will be speaking in Knoxville, Tennessee, on extending …

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