In an interview to be broadcast on the Tavis Smiley program on PBS, Secretary of Education Arne Duncan predicts that as tuition continues to rise, students will increasingly turn to schools that are “smarter and more creative” about lowering the cost of a college education.
But let me tell you Tavis, what I think is going to happen is parents of students are really smart, and those schools where tuition is going up exponentially high, folks have a lot of options out there. You’ve seen some other universities be smarter and more creative and go to three-year programs, and go to no-frills programs, I think you are going to see them capture a larger share of the marketplace. Again, parents of students are going to vote with their feet and when costs are skyrocketing, we think those colleges are going to pay a price for it.
Mr. Duncan also describes the Obama administration’s efforts to make a college education more accessible, including more money for Pell grants, Perkins loans and tuition tax credits.