Editor’s Note: Scroll down to the bottom to view OnlineCollege.org’s infographic about rising costs and the $10,000 degree.
The latest news on Wall Street is that the occupiers want forgiveness of student debt. And while President Obama didn’t meet their demands in his recent speech, he is still focusing on the same side of the equation: more money for higher education.
But down the road, the best way to deal with the high cost of college education is to reduce it! And Texas governor Rick Perry has thrown out the gauntlet by demanding that his regents come up with a plan for a $10,000 degree–not $10,000 per year but $10,000 for a full degree.
Is such a price possible? At the Pope Center, we’ve looked at affordability–and the innovation that will be required to get prices to that level–from many angles. My view is that extreme reductions are possible, but they may be far in the future. Meanwhile, however, you can save a lot of money if you take care.