A Quote by Mitt Romney
You can't continue to have higher education tuition grow at a multiple of the rate of inflation.
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Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.
All I suggest is to make K-12 like higher education. Higher education in the United States is the best in the world because these institutions compete with each other for your tuition dollar. Let's just bring competition to public education.
Higher educating has so many challenges, and private higher education has a special challenge of ever rising tuition costs.
When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.
We are moving in exactly the wrong direction in higher education. Forty years ago, tuition in some of the great American public universities and colleges was virtually free. Today, the cost is unaffordable for many working class families. Higher education must be a right for all - not just wealthy families.
It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
Higher education is the place where people who had big plans in high school get stuck in fierce rivalries with equally smart peers over conventional careers like management consulting and investment banking. For the privilege of being turned into conformists, students (or their families) pay hundreds of thousands of dollars in skyrocketing tuition that continues to outpace inflation. Why are we doing this to ourselves?
How can the United States be competitive globally if higher education is unaffordable? Germany, Austria, Denmark, Finland, Norway, Scotland and Sweden have no tuition for college. Other countries have low tuition. We need the best educated workforce in the world. Instead of spending endless amounts on the military, we need to invest in our young people.
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
However, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration's policies force inflation.
The best math lesson we can teach college students this year is to subtract a tuition increase and benefit from the dividends of higher education.
I've made a commitment that state spending in Vermont won't grow any more than the rate of inflation plus population growth.
Higher education isn't just a personal investment. It's a public good that pays off in a more competitive workforce and better-informed and engaged citizens. Every year, we spend nearly $100 billion on corporate welfare, and more than $500 billion on defense spending. Surely ensuring the next generation can compete in the global economy is at least as important as subsidies for big business and military adventures around the globe. In fact, I think we can and must go further - not just making public higher education tuition-free, but reinventing education in America as we know it.
Students often approached me about state-paid tuition while I was out campaigning. After I explained to them that if the state pays their tuition now, they will pay higher taxes to pay other people's tuition for the rest of their lives, most of them ended up agreeing with me.
On the other hand, it is not fair to say that changes in federal policy have caused our tuition to rise faster. Every economic argument imaginable would indicate that we should raise tuition at a faster rate than we do.
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