A bachelor's degree could cost $10,000 -- total. Here's how.

Dylan Matthews:

A couple years ago, Rutgers historian David Greenberg noticed a defect endemic to books about social, political and economic problems: The last chapter always sucks. "Practically every example of that genre, no matter how shrewd or rich its survey of the question at hand, finishes with an obligatory prescription that is utopian, banal, unhelpful or out of tune with the rest of the book," Greenberg noted.

And it's not just books. I'll be the first to admit that the possible fixes with which I finished off my series on the alarming rise in college tuition were pretty vague and utopian. But helpfully, the good folks at Third Way have noticed that the conversation about how to reign in tuition has gotten a little too small-minded. "For both parties, in particular Democrats, our solution to the problem of rising cost of college has been to subsidize the rising cost," the think tank's president, Jonathan Cowan, says. "That's been our official policy, to subsidize the rising cost, and that has to be seen as a fairly intellectually bankrupt approach. We need a dramatically different approach that is about driving down the rising price."

To that end, Third Way is publishing a new report by Anya Kamenetz, one of the most interesting writers on higher ed innovation in the game, that lays out a detailed plan for pushing the total cost of a public bachelor's degree down to $10,000. Not $10,000 a year, mind you: $10,000 total. She's not the first to have this idea, as Govs. Rick Perry (R-Tex.), Scott Walker (R-Wis.) and Rick Scott (R-Fla.) have all proposed $10,000 degrees.

Posted by Jim Zellmer at September 28, 2013 12:57 AM
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