Starting. Back at One.
Words.
"...Over the past 35 years, college completion rates have been flat. Income growth has stagnated. America has squandered its human capital advantage. Students at these places are on self-directed missions to reverse that, one person at a time.
Community college enrollment has been increasing at more than three times the rate of four-year colleges. This year, in the middle of the recession, many schools are seeing enrollment surges of 10 percent to 15 percent. And the investment seems to pay off. According to one study, students who earn a certificate experience a 15 percent increase in earnings. Students earning an associate degree registered an 11 percent gain.
And yet funding lags. Most people in government, think tanks and the news media didn’t go to community college, and they don’t send their children to them. It’s a blind spot in their consciousness. As a result, four-year colleges receive three times as much federal money per student as community colleges. According to a Brookings Institution report, federal spending for community colleges fell six percent between 2002 and 2005, while spending on four-year colleges increased.
Which is why what President Obama announced this week is so important. He announced a $12 billion plan to produce 5 million more community college grads by 2020.
If the plan were just $12 billion for buildings and student aid, it wouldn’t be worth getting excited about. The money devoted to new construction amounts to about $2 million per campus. With new facilities costing in the tens of millions, that’s not a big deal.
...What’s important about the Obama initiative is that it doesn’t throw money at the problem. It ties money to reform and has the potential — the potential — to spur a wave of innovation.
...It’s a reminder that the Obama administration can produce hope and change — when the White House is the engine of policy creation and not the caboose."
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