My latest column on Yahoo! Finance takes on the recent financial aid announcements by Harvard,Yale, and half a dozen top private universities.
I believe it's now time for families and communities to push for more accountability and transparency on the part of public institutions. Colleges need to show that they can be efficient in their use of resources and do more with less. Competition and smart consumer choices by students and families will ultimately be just as important to holding down college costs as contributions from the public and private sector combined.