|Shakey's Model for a Grand Bargain?|
...(T)his week we're working with both parties -- (applause) -- this week we're working with both parties to reverse the doubling of student loan rates that happened a few weeks ago because of congressional inaction. (Cheers, applause.)
So this is all a good start, but it isn't enough. Families and taxpayers can't just keep paying more and more and more into an undisciplined system where costs just keep on going up and up and up. We'll never have enough loan money, we'll never have enough grant money to keep up with costs that are going up five, six, seven percent a year. We've got to get more out of what we pay for.
Now, some colleges are testing new approaches to shorten the path to a degree or blending teaching with online learning to help students master material and earn credits in less time. And some states are testing new ways to fund college based not just on how many students enroll but how many of them graduate, how well do they do.
So this afternoon I'll visit the University of Central Missouri to highlight their efforts to deliver more bang for the buck to their students. And in the coming months, I will lay out an aggressive strategy to shake up the system, tackle rising costs and improve value for middle-class students and their families. It is critical that we make sure that college is affordable for every single American who's willing to work for it. (Cheers, sustained applause.) ...
Full speech at http://www.washingtonpost.com/politics/full-text-of-president-obamas-remarks-on-the-economy-at-knox-college-as-prepared-for-delivery/2013/07/24/fd580f6a-f47f-11e2-a2f1-a7acf9bd5d3a_story_4.html
Are you ready for the shake up?