Education Secretary Arne Duncan wants the United States to know that the changes engineered by the student lending reform bill signed by President Obama on Tuesday as part of the healthcare reform act are great. According to an article by Leah Finnegan in the Huffington Post:
“This is a $60 billion investment to make higher ed more accessible and more affordable,” Secretary of Education Arne Duncan told the Huffington Post in an interview shortly after the signing ceremony. “This is an unprecedented investment.”
“With this bill, community colleges will basically be free,” Duncan added. “Folks who don’t contain costs are going to lose market share, competitive advantage.”
Duncan’s right in that American community colleges got a little extra money (about $2 billion for a job training program) thanks to the bill. But community colleges were supposed to get like $12 billion to totally revolutionize how they operate.
“Unprecedented investment” it may be, but community colleges are going to operate pretty much the same way they did before the law. [Image via]