Members of Congress on the House committee on education have come up with an absolute bonehead idea: to publish a “watch list” of schools that have increased tuition at rates higher than inflation.
I am surprised when members of the House speak of reigning in college costs with measures such as this, when they fail to do the same for health care. I am sure the list of hospitals that have raised charges beyond inflation would be longer than the number of bad-behaving colleges.
What will a watch list do? It will not put colleges and universities on-notice because Congress cannot regulate their business practice, but it will embarrass their presidents and possibly force them to submit paperwork or public testimony to explain their pricing decisions. If the federal government publicizes such a list, it may also scare prospective applicants away from institutions that need students, even if the school is in a position to offer considerable financial aid.
This is one scenario where it is better for Congress to butt-out. State governments are already taking their own steps to regulate tuition increases for the institutions that are under their control....
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