Rubio To Propose Higher Education Overhaul

"Addressing what he calls a 'growing opportunity gap' between people with and without advanced educations, Sen. Marco Rubio is calling for state-accredited alternatives to four-year colleges and income-based repayments for college loans," The Washington Post reports

"The Florida senator and possible 2016 Republican presidential contender also says Congress should establish an independent accrediting agency to assess free courses offered over the Internet and elsewhere as transferrable credits. ...

At the heart of Rubio’s education plan is a proposal to offer alternatives to a four-year college degree by recognizing free online courses — evaluated and overseen by an independent accrediting board — that would be transferable to traditional schools and eligible for federal aid. Workers could also use their skills to earn certifications or degrees outside traditional institutions by passing new standardized tests. ...

Rubio, who often notes that he still owed more than $100,000 in student loans when he became a senator in 2011, is calling for 'student investment plans.' Private investment firms would cover tuition costs that could be repaid later as a fixed percentage of a graduate’s income for a set number of years, regardless of whether that amount covers the total debt."

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