I was prepared to share Neal McCluskey’s outrage at the Secretary of Education’s Commission on the Future of Higher Education preliminary draft report, but then I followed the link, and I have a different take. I’d give the report at least a B+. Of course, this sort of report this late in a President’s term is almost sure to be nothing but a dust collector regardless of what it says. But let me point out some of the good points.

Colleges should be held accountable for the success of the students they admit. Improved collection of data on student persistence will allow consumers of higher education to evaluate institutional success and identify best practices.

Good idea. Before you send your kid to a college, know whether the kid is likely to graduate.

States and institutions should review and revise standards for transfer of credit among higher education institutions to improve quality and reduce time-to-goal.

Another good idea. When the University of Maryland balked at giving my daughter credit for calculus she took at the University of Rochester, I was flabbergasted.

The present financial aid system should be replaced with a strategically oriented, results-driven consolidation of programs to serve students who need aid in order to attend college.

Again, a good idea. Need-based aid instead of broad-based aid.

At the state level, one promising approach that should be encouraged is placing increased emphasis on empowering consumers by redirecting assistance to individual students instead of institutions. The same effect could occur with a well designed expansion of the Pell Grant program.

This is a very powerful idea. Give the money to the education consumers instead of the rent-seekers.

The collection of data allowing meaningful interstate comparison of student learning should be encouraged and expanded to all 50 states. By using assessments of adult literacy, tests that many students already take for licensure and for graduate and professional school admission, and specially administered tests of general intellectual skills such as the Collegiate Learning Assessment, state policymakers can make valid interstate comparisons of student learning and identify shortcomings as well as best practices.

As a parent about to help a third child choose a college, I really resent the lack of hard data on college effectiveness. It is tempting to shop on the basis of price, because we have no objective measure of quality.

Overall, this report says government should do more things that are relatively good, such as gather useful data, direct funds to needy consumers, and examine ways to encourage more entry and competition (which is why the issue of accreditation needs to be opened up–it’s a strong cartel-enforcement tool). It also says, if perhaps more implicitly than one might like, that government should do fewer things that are relatively bad, such as throw money at institutions.

I guess the bottom line is, don’t take my opinion or Neal’s opinion as gospel. If you think that the report matters (and again, I have my doubts), then read the draft yourself.