Should the government be in the business of maximizing its educational investment? The Obama administration released proposals for reforming the way the federal government does business with for-profit colleges. Millions of dollars of federally-backed loans are at stake.
…This is not to say that universities have no role, but that the abilities of the student are probably better predictors of future success. If the government wanted to get the most out of its investment, it would do better to review applications individually, choosing the best-performing students.
If, in addition to wanting to maximize its investment the administration is also trying to clamp down on predatory practices, I’m not sure what it’s moral claim would be. Why should the government encourage the students who are least likely to succeed to attend State U rather than University of Phoenix? Perhaps the argument could be made that the government is just doing more of what it already does funneling money to public universities. But if this is the goal, it can and should be done in a better way than putting the debt load on the backs of students who are unlikely to be able to pay it off.
Ultimately, the administration is avoiding the key issue that, for thousands of students, investment in a BA is unlikely…
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Education and ROI : The Public Philosopher
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