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(Reblogged from kiplinger)
By 2025 we will need 20 million more two- and four-year-college graduates, a vast effort that, at our current productivity rates, will require somewhere between $150- and $200-billion in annual postsecondary spending. With Congress intent on pay-as-you-go financing, that’s enough of a shortfall to fuel several dozen $6-billion spats of the kind currently playing on Capitol Hill and on campuses everywhere. But if we don’t meet this projected shortfall in qualified postsecondary graduates, we will lose some half a trillion dollars every year in the form of new businesses that never open and technological advances that other countries will make instead of us.
