The REASON that ANY New Education “Reform” will NEVER happen in States like Iowa and Nebraska is that the Education “Establishment(s)” are almost co-located with the Capitol(In Nebraska the State Education Association Bldg is located RIGHT across the street form the Capitol Bldg. The Educrats keep a CLOSE eye on ANY “Reform” Action(s)!
Sounds like a very good idea.
The only concern I have is that as money piles up in large amounts in such accounts the federal government will not be able to resist the temptation to confiscate the money and replace it with T-bill and the like. Just look at the ideas they are kicking around now for the 401K plans and IRAs.
Why can’t the gov just get out of education? If people who couldn’t afford it and were qualified students were still being priced out of education, alternatives would emerge in the private sector.
Leftists by social engineering design wish to MINIMIZE parental input in education. You’ll see total loan forgiveness and Pell Grants on steroids before this ever sees the light of day.
As I read it these programs are not savings accounts. They are government tax & welfare shell games.
One of the reasons college grads make more than high school grads is far too many businesses want a four year degree for a job that doesn’t need a degree. These businesses equate education with knowledge and overlook experience. Certainly there is a need for degrees in science and engineering but not other areas like graphic design. Two years of solid experience and a good portfolio trumps a 4 year degree and no workforce experience. Unfortunately folks like this get their resumes kicked out when the initial computer search doesn’t see a BA.