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Witnesses urge caps, program-level accountability and accreditation reform to curb rising college costs
Summary
At a Senate HELP Committee hearing, a higher-education researcher urged caps on uncapped federal loans, program-level accountability tied to labor-market outcomes, and accreditation reform to spur competition and innovation.
Dr. Gillen, a researcher with an independent policy organization, told the Senate Committee on Health, Education, Labor, and Pensions that Congress should cap uncapped federal loan programs, base aid eligibility on a median cost measure and hold programs — not just institutions — accountable for graduates' labor-market outcomes.
Those changes, Gillen said, would blunt incentives that he and other witnesses said have helped push tuition higher while leaving too many students with degrees that do not pay off. "We can completely neuter that. We can sever that link, by using the median cost of college," Gillen told the committee when describing how a median-based aid benchmark would break the link between institutional price increases…
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