Obama administration pressures post-secondary schools to demonstrate importance of higher education
The duty of tackling the issue of inconsistency between education and unemployment rates have been on the forefront of several administration agendas prior to the Obama administration. President Obama has now taken action and requested that post-secondary schools be more transparent about the costs of education and graduate success.
- On average, students with loans graduate with more than $25,000 in debt
- An estimated 40% of students are not graduating when enrolled at a 4-year university or 2-year program (according to College Measures)
- Drop-out rates are costing taxpayers hundreds of billions of dollars annually (according to American Institutes for Research)
As the federal government continues to administer $140 billion in federal grants and loans annually, the rate of unemployment remains considerably high.
The George W. Bush administration found that literacy rates were consistently declining, and that higher education had become “increasingly risk-averse at times self-satisfied and unduly expensive.”
By: Jessy Stanton