"The federal government should keep its fat fingers off curriculum choice," says Al Lord, former head of the Wilmington-based college lender Sallie Mae, in my story about Obama's proposal to direct taxpayer education loans and subsidies to schools whose graduates have high-paying jobs, in my column in Sunday's Philadelphia Inquirer. Read the White House summary of Obama's plan here. Inquirer's Susan Snyder posts college reaction (mixed) here.
"President Obama complained last week about the rising cost of a college education and student debt," I wrote here. "Isn't that kind of like the chief pirate complaining merchant ships are getting scarce? The price of anything that's privately built but heavily U.S. taxpayer-funded - weapons, medicine, colleges - tends to rise faster than stuff that trades more or less competitively, like tomatoes or scrap metal."