ROMULUS, Mich. – President Barack Obama has put colleges and universities on notice to control tuition costs or face losing federal dollars. Now, schools are waiting to hear how big a stick he plans to wield to enforce his message.
Obama was expected to spell out his plan in a speech Friday at the University of Michigan in Ann Arbor focused on college affordability. His plan could set a new precedent in the federal government’s role in controlling the rising costs of college — a move making people in higher education nervous. Obama’s speech will cap a three-day post-State of the Union trip by the president to promote different components of his economic agenda in politically important states.
The president hinted at what’s ahead in education during his State of the Union address Tuesday night, which coincided with the release of a White House “blueprint” that said he wants to shift federal aid away from colleges that don’t keep net tuition down and provide a good value. But it’s unclear exactly what pot of federal dollars Obama plans to target and how his plan would work.
The Obama administration already has taken a series of steps to expand the availability of grants and
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