The verdict is in; higher education must undergo a profound transformation if institutions and students are to thrive
President Obama’s recent speech outlining his plan to make higher education more affordable had as its centerpiece the intent to hold institutions receiving federal funding more accountable for how well they’re serving their students. Congressional approval is required to turn Obama’s proposal into actionable legislation. But if it does pass, colleges and universities will face greater scrutiny than ever before. Much of this attention will be directed at student financial aid departments, compelling them to become more efficient, accountable, and transparent in their operations.