01-09-2015, 02:28 AM
Something needs to be done to improve college affordability and quality, but I don't think free tuition is the right solution. France has great public education, but staggering university dropout rates, partly due to the fact that it's free. Some skin in the game helps prevent 18-19 year old students from not caring at all, which many of them would be tempted to do. In addition, if CC is free, I fear it would essentially become an extension of high school, which is the last thing anyone needs.
Of OECD countries, Canada has the highest percentage of adults over 25 with degrees at something like 52%. ("degree" here is defined as a Bachelor's degree or higher) College isn't free in Canada, but tuition is generally lower than US state schools. I'm not advocating any country's specific system, but I think this at least proves that college does not need to be free to be accessible, which is presumably the point of Pres. Obama's proposal. I'm actually disappointed by this announcement, because I think the country could use an education legacy from the Obama presidency, but this proposal is unlikely to make it through Congress and even if it did, would have doubtful positive social impact, before you even consider the financial implications.
Of OECD countries, Canada has the highest percentage of adults over 25 with degrees at something like 52%. ("degree" here is defined as a Bachelor's degree or higher) College isn't free in Canada, but tuition is generally lower than US state schools. I'm not advocating any country's specific system, but I think this at least proves that college does not need to be free to be accessible, which is presumably the point of Pres. Obama's proposal. I'm actually disappointed by this announcement, because I think the country could use an education legacy from the Obama presidency, but this proposal is unlikely to make it through Congress and even if it did, would have doubtful positive social impact, before you even consider the financial implications.
CPA (WA), CFA Level III Candidate
Currently pursuing: ALM, Data Science - Harvard University, Cambridge, MA (12/48, on hold for CFA/life commitments)
MBA, Finance/Accounting - Indiana University, Bloomington, IN, 2015
BSBA, General Management - Thomas Edison State College, Trenton, NJ, 2012
Currently pursuing: ALM, Data Science - Harvard University, Cambridge, MA (12/48, on hold for CFA/life commitments)
MBA, Finance/Accounting - Indiana University, Bloomington, IN, 2015
BSBA, General Management - Thomas Edison State College, Trenton, NJ, 2012


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