Kevin Carey last week published a broad proposal for restructuring higher education as part of the annual Washington Monthly college guide.

As vice president for education policy and knowledge management at New America, a left-leaning Washington, D.C.-based think tank, Carey is an influential thinker on higher education policy. He writes regularly for “The Upshot” at The New York Times, and his ideas about topics as broad as college admissions or online program management (OPM) companies tend to nudge reform-minded congressional Democrats, among others.

Carey’s latest essay describes a “New Deal for America’s sinking colleges.” It features a proposal for a uniform pricing system for any college or university that opts in to a new annual federal subsidy of $10,000 per full-time-equivalent student. He also proposes that

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