I think the Senator is exactly right about that one. Let me give you some data. In 2011 only 38 percent of undergraduate students in a 4-year institution graduated on time. So when you think about the cost of college, you think about the per-year cost. But if it is taking 6 or 7 years, then the per-year cost is not as important as how realistic it is for you to finish on time. Just to be clear, those data could be skewed by the fact that there are part-time students and all the rest of it. That is not what we are talking about here. It is simply hard to finish on time. But there is hope on the horizon. For instance, the University of Hawaii has undertaken a program called 15 to Finish. The basic idea is that students, especially in their freshman year, need to know that they need those 15 credits. They need to get help from their counselors so that by the time they are in their sophomore year, they are well on their way to completing their major of choice in the 4-year period of time. The challenge now is that given that legislatures have cut funding to institutions of higher learning--and as a result you have fewer counselors and fewer people to assist in the student services office-- oftentimes you do not get real counseling with respect to what you need until it is too late, and then you find that you are on a 5- or 6-year plan. Your family may not have made the financial arrangement that puts you in a position to be on the 5-year plan.…
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