Risk Sharing, Yes. But How?
Posted by Michael Stratford on May 21, 2015.
WASHINGTON — A congressional hearing here Wednesday was the latest illustration of what has, in recent years, become a bedrock reality of the politics of higher education at the federal level: lawmakers across the political spectrum want to hold colleges more accountable for student outcomes.
Democrats and Republicans on the Senate education committee were in agreement that the government’s existing accountability metrics, like default rates, are inadequate. And nearly all backed the concept of risk sharing — the idea that individual colleges need to have a greater financial stake in what happens to the federal loans that students use to attend their institutions.
Read the full article in Inside Higher Ed.