In President Obama's State of the Union address on January 24, 2012, he addressed the issue of college affordability by noting, "Let me put colleges and universities on notice: If you can't stop tuition from going up, the funding you get from taxpayers will go down."
Days later, he gave a speech at the University of Michigan in which he proposed a financial aid overhaul that would tie colleges' eligibility for federal aid to the institutions' success in improving affordability and value for students.
Under the plan, the amount the federal government dedicates to Perkins loans would grow from $1 billion to $8 billion. Obama also announced a new $1 billion grant program, along the lines of the Race for the Top for elementary and secondary education, and a $55 million competition for colleges to increase efficiency and value of the education they provide. All these proposed changes would require the approval of Congress.
Goucher College is evaluating a number of initiatives to control operating costs on campus, enhance efficiency, increase non-tuition revenues, and provide students excellent value for a high- quality education at a reasonable cost.
Read Obama's full speech here:
The National Association of Independent Colleges and Universities (NAICU), of which Goucher is a member, issued its response to President Obama's plan. Read it here: