President Obama's proposal to create a federal scorecard for universities in two years has critics upset. "Americans should think ... hard before allowing the federal government to dominate … higher education," cautions The Wall Street Journal.
The problem isn't that some new government formula would take control of higher education. Before Obama set foot in office, the federal government was already in the driver's seat. Uncle Sam dominates higher education with the $150 billion in financial aid it gives out every year, more than twice the education spending of all 50 states combined.
The problem is that the new government scorecard is as flawed as the ones it would replace. And it would do little to fight the main problem in higher education — inflation disconnected from actual learning in college.