“QUESTION: Thank you, Mr. President. It's an honor to be here with you today. I work here in LCCC's financial services office. I am proud to be part of finding pathways for students who attend college. I feel that a college education is a lifeline to the future of our citizens. We greatly appreciate the increase in the Pell Grant, which allowed our neediest students to access a college education. It increased buying power as college costs continue to rise. My question to you is, will your administration support continued increases to the Pell Grant so that our neediest students have access to higher education?
OBAMA: The answer is yes. I want everybody to understand, we made -- and this was the help -- with the help of the members of Congress who are here -- made an enormous investment in higher education, making sure that young people could afford to go to great institutions like this. So we significantly increased the level of each Pell Grant, and we also put more money so that we could have more Pell Grants.”
Government sponsored college education is like mom, apple pie and housing subsidies. How can you oppose them?
The problem is that the subsidies themselves drive up the cost of college education (because the institutions have less resistance to increasing their prices). And far too many college students are using college as a vehicle for postponing going to work.
NOT ALL EDUCATION IS CREATED EQUAL. It matters if you get a six year degree (the average time to get such a degree) in Political Science versus a four year degree in Mechanical Engineering. I challenge anyone to demonstrate the return on investment on the former but the later education might actually result in the creation of jobs for those around you – not to mention a job for you after you graduate based on your degree.
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