Prison, Drug War Spending Rockets While Higher Education Funding Declines
Common Dreams — In 2012, both corrections spending and student debt hit $1 trillion milestones, leading higher education advocates to wonder how prison costs soak up education allocations, thus hurting the economy and limiting low income students’ access to campuses.
So far, President Obama and presumptive GOP nominee Mitt Romney agreed on extending a low interest rate on federally subsidized student loans but have largely considered the increasing cost of college a state issue.
While campaigning, Obama likes to point out that his daughters are not yet college-aged, saying, “I can tell you with some experience that making higher education affordable for our young people is something that I’ve got a personal stake in.” In his State of the Union address this year, he proposed a $1 billion Race to the Top competition to reward colleges for controlling their own costs, but he’s been unable to secure congressional funding for it.
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