PrintSeptember 10, 2010
The Student Loan Takeover
The unilateral seizure of the student loan program by the Obama administration carries extremely serious implications for the future of higher education in America, especially in view of a confluence of market forces that have the potential to effect the greatest changes education has seen in decades.Outside the liberal academic community, there is general agreement that the traditional university model is broken. Institutions founded for purposes of education and learning have become bloated and dysfunctional conglomerates with vastly oversized administrative staffs and a voracious appetite for money from students, taxpayers (state schools), and alumni (private schools). Although history can explain how the present university model evolved as it did, nothing can justify the unwillingness on the part of university administrations to ask, "How did we become like this?" and "How can we improve our performance as service providers to our customer base?" Consider...(Read Full Article)
