In an op-ed for RealClearEducation, PPI Senior Fellow Paul Weinstein argues that three-year college degree programs can slash the cost of gaining an undergraduate degree by 25 percent, unlike most higher-education reform ideas that simply expand financial aid and allow colleges to continue to raise prices at will.
“As I recently wrote in a report for the Progressive Policy Institute, the Three-Year Degree policy would require any college or university that has students who receive federal aid to make earning a bachelor’s degree in three years the norm. If combined with a proposal to simplify and streamline the alphabet soup of federal grant programs and tax incentives into a single grant (Simplified Higher Education Grant) worth $3,820, these two reforms could cut the financial burden for graduates by over $20,000 at public institutions (in-state) and by as much as $41,000 at private schools, with no new federal spending.”
Read the entire op-ed on RealClearEducation.
