Bluey: We’re here at the Reagan Institute Summit on Education. What’s your message to the attendees at this event?
Mitch Daniels: I believe that higher education as we’ve known it is in some jeopardy. A lot of institutions, at least, are going to have difficulty persuading sufficient numbers of students and their families in the future that they’re providing value commensurate with the cost that they’re charging.
I also suggested that there are big opportunities that we need as a society to have addressed. Large numbers of people who could better themselves in life if they were to complete that degree that they started and didn’t finish, or maybe do one from scratch. We’re going to need new ways and means of reaching them, since many of them are well beyond the stage in life where they can engage in old-fashioned residential education.
Bluey: From a policy perspective, what are some reforms that you would like to see for higher education?
Daniels: Government’s not the answer to every question. It’s not the hammer for every nail.
There are just as many ways in which government involvement has been a contributor to this problem than it is its solution. Clearly, it could help if student financial aid programs were much less complex than they are today. If it would simply deregulate many of the requirements that have been piled on to schools. It’s part of the cost problem.