There's a move on in Congress 1) to hold colleges more accountable for whether students can find jobs and repay debt after graduation, and 2) to make it
easier for students to find out which degrees are good investments and which ones aren't.
It matters, as a story in the Nov. 22 Wall Street Journal made tragically clear.
It's tough enough for college graduates to repay
"According to a 2011 study by the Institute for Higher Education Policy, a Washington, D.C.-based research firm, 58 percent of the 1.8 million borrowers whose student loans began to be due in 2005 hadn't received a degree," the Journal said.
"I think we had this mistaken belief that if we'd send students off to college then they'd graduate," said Stan Jones, president of Complete College America.
Colleges are scrambling to figure out how to help students finish, but the fact is that too many people are taking on crippling debt in exchange for low returns.
That a situation that bodes ill not just for higher education, but for the nation.