The Price of Philanthropy
Our Goal: to ensure that all low-income young adults have affordable access to a quality postsecondary education that is tailored to their individual needs and educational goals and leads to timely completion of a degree or certificate with labor-market value.— The Bill & Melinda Gates Foundation, Postsecondary Success
How much would you pay for access to a college education that is not designed by Bill Gates? By my estimate, it may soon be more than $40,000 a year.
Once the country with the undisputed best higher-education system in the world, the United States now ranks 12th in the percentage of young adults with degrees. Graduation in four years is becoming the exception rather than the norm, and states continue to cut funds while tuition at public colleges has climbed, but not enough to cover the gap left by that loss.