An appeal against academic protectionism
Continuing my series on US higher education policy, I now turn to the matter of transfer credit policy. I offer this simple thesis, higher education policy proposition #10:
Government policy should support student mobility in terms of transfer credit and degree level articulation.
As I continue in this series on higher education policy, I now shift from policy considerations related to student financial aid to the government’s role in educational quality assurance. Consider my higher education policy proposition #9:
Government policy should respect and support independent peer review as a credible quality assurance mechanism.
Here’s a dirty little secret: the government profits from student loans—big time. Annual student loan interest revenue to the federal coffers amounts to $29 billion.
Well, before you count the cost of loan forgiveness and defaults. But, in government, your accounting doesn’t have to add up. A gain in one budgetary column need not be reconciled to a loss in another.
What’s wrong with this system?
In continuation of my two previous posts on the subject of student borrowing, here is higher education policy proposition #8:
The government should not be a public lender and should not benefit financially from student borrowing.
We’ve now turned the corner in this series on higher education policy. Are you still with me? In this post, I invite you to consider my seventh of twelve propositions relative to national higher education policy.
Higher education policy proposition #7:
Government policy should dis-incentivize student debt and prevent servitude to educational debt.
In this post, I invite you to consider the sixth of twelve propositions I offer relative to national higher education policy.
Higher education policy proposition #6:
Like most all major purchases, responsible college financing may be appropriate, even if not preferable.