If Obama’s long-term plan to transform higher education in America ultimately passes Congress, it may fundamentally change the relationship between universities and the federal government. But in the short-term, he’s using a method that should be familiar to observers of his administration: he’s attempting to educate the market — and allow it to make its own decisions. The President’s ultimate plan, for which he’s suggested a tentative 2018 date, would tie student loans to university outcomes. Students who wanted to attend schools with good educational outcomes and a high return on investment would be able to get more government loans and grants, and would pay lower interest rates. On the other hand, students who wished to attend schools with poor educational outcomes and a lower return on investment could do so, but would have to pay more of their own costs. Effectively, Obama’s long-term plan…
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James' World 2 
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