The Obama administration is pushing a fundamental agenda shift that aggressively brings a new question into the federal higher education policy debate: What are people getting for their money? Students with loans are graduating on average with more than $25,000 in debt. The federal government pours $140 billion annually into federal grants and loans. Unemployment remains high, yet there are projected shortages in many industries with some high-tech companies already complaining about a lack of highly trained workers. According to a commission convened during the George W. Bush administration that said American higher education has become “increasingly risk-averse, at times self-satisfied, and unduly expensive.”

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