"The new economy is a knowledge-based economy, and we are woefully lagging other countries in the accumulation of formal knowledge," writes Julianne Malveaux, president of Bennett College for Women in USA Today.
See
Time to Address Our Education Crisis, Too in USA Today.
The Lumina Foundation prediction that "our nation is likely to face a shortage of college-educated workers by 2020, especially as the highly educated Baby Boomers retire" is about a future that does not seem to take into account the terrible economic struggles of 2008. Twelve years from now our families will be looking back to what we did today that gave them greater opportunities, or not. Twelve years from now, our kindergartners will be graduating from high school. We want to encourage our children and their classmates to reach their full potential whether they go to college or not. The crisis for colleges and universities now might be that fewer middle class students of any ethnicity will be able to afford to further their educations. And with young people who have graduated recently suffering the burden of huge college loan debts and high interest rates, in a struggling economy, it's less likely alumni or their families will be able to support their alma maters as they might have twenty years ago.
"Other countries see education as a greater priority. They invest in building new colleges, expanding existing ones, improving curricula and providing incentives for young people to continue their educations. In a generation, we have reconfigured the way we expect young people to fund their educations. Two decades ago, grants covered more of the costs. Now, more students shoulder heavy loans � the average college student graduates with at least $20,000 in debt."