US Congressman fights for increased college accountability

I just listened to a podcast interview by The Chronicle of Higher Education of Congressman Peter Welch (D-Vermont)

Welch is a critic of the spiraling costs of higher education in America and is pushing for greater transparency in the nation’s universities. He’s also proposing legislation that would require the richest universities to spend at least 5% of their endowment each year. Welch hopes this money would be used to slow the rate of increase in tuition.

It’s an interesting interview and made me wish that Canada had a politician pushing for transparency here.