The value of a college degree has never been higher, but the high cost of college means that pursuing a degree has never been riskier.
A handful of congressional lawmakers and higher education policy wonks, including professors and think tank researchers, are coalescing around an idea to change that. The fix, known as risk-sharing, would require that colleges be on the hook for some of the federal financial aid money their students are unable to repay. And in an era of high partisan tension, forcing colleges to have “skin in the game” has support from members of both parties. Democratic presidential candidate Hillary Clinton featured a risk-sharing proposal in her campaign plan to make college more