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Affordable
Universal Education Program Accountability Systems & Structures
for First-World Economies
The
creation of affordable,
universal education programs that include systemic accountability
protocols and fiscal controls to make them responsible to free-market
economies operating within democratic societies can now be made
contingent upon an array of conditions and controls that education
industry professionals and policymakers can use to address these
issues. Indeed, today's progressive society that is seeking
fiscal transparency and will no longer accept a lack of accountability
as the outcome of the education entitlement, can rely upon the
principles of Lovellian Economics to deliver the following key
milestone benefits as an intrinsic construct of a new, private-sector
based education entitlement program, to wit:
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Accountability.
The biggest issue facing educators today is the lack of
accountability. Falling test scores point to an intrinsic
weakness in educational delivery means and methods that has now
reached a point where it is no longer sustainable. The
solution that delivers complete accountability will be one
defined by reintroducing competition into the education delivery
process through complete privatization. Privatization
would carry with it the requirement that education workers have
the opportunity to earn market compensation and be released from
the unprofitable (and untenable) tenure agreements and union
contracts. The RLP construct (called a "Federal
Education Partnership" - or "FEP" in the
Capitalism Version 2.0 setting) provides the accountability
requirement as a result of operating data collection that
happens each day, so additional time pertaining to compliance
monitoring and reporting is eliminated. |
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Expenditure
Tracking. Expenditures have a built-in tracking feature
and the market will provide pricing controls and access to the
program while allowing professional educators to employ
national/international testing criteria to maintain quality
standards and provide policy recommendations to industry board
that develops all test criteria for all programs, grade levels
and education providers. This means enhanced funding can
be expected in the near-term window as more and more education
professionals have the opportunity to enjoy market-based
education without concern for the budgetary issues that would
otherwise impact a state-run program. This means all units
of government can exit the "education business" and
have no further funding obligations associated with this
entitlement program. |
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Access.
The Education Plus Program provides enhanced access that can
have the impact of providing a solution for key societal
shortcomings in terms of professionals due to the cost of
education barrier issue. Education Plus uses a
fundamentally different payment construct that can be expected
to reduce the cost of a $200,000 education outlay to
approximately $4,500 for the student. This means medical
services shortages, legal services shortages and the like can be
addressed from two different sides: one expanding facilities
access using the Health Plus Program and expanding the services
provider side by enrolling more students into programs where
they are really needed. |

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