Economist suggests Ed Dept credentialing as college cost cure - Jarrett Carter, Education Dive

Economist Carlo Salerno writes in the Huffington Post that allowing the U.S. Department of Education to grant degrees based upon the number of courses completed, regardless of transfers or the number of institutions, is a way to generate more value and decrease costs for students. Since most schools do not accept transfer credits universally to create more profit in taking duplicate courses and more requirements, Salerno argues that the DOE has the capacity to set rules on how many courses and which types qualify students for a professional credential. Salerno says that schools would cut costs to keep pace with the government's credentialing arm, which could operate in the same way that it qualifies students for federal loans, and higher education accreditors. http://www.educationdive.com/news/economist-suggests-ed-dept-credentialing-as-college-cost-cure/425756/