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Big Ed

Sec. Duncan calls for urgency on reducing the cost of college

While there is little dispute that some level of college completion will be needed for the majority of the jobs of the future, the high cost of that education and rising student debt are garnering considerable national attention.

This week, Education Secretary Arne Duncan called on higher education officials to "think more creatively and with much greater urgency" about ways to contain college costs and debt.

Speaking at a conference of college financial aid workers, Duncan laid out three ideas for higher education reform:low-cost student loans based in part on how well schools have done in graduating Pell recipients; incentive grants awarded for increased completion rates and lower achievement gaps; and a fund to support programs that accelerate learning and hold down tuition.

Duncan's entire speech can be found here: speech

posted by Sandy Connolly • 11/30/2011 at 3:47 PM


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