WHILE WE agree with Attorney General Martha Coakley that safeguards must be in place to prevent fiscal crises in any sector, we cannot support her comparison of the subprime mortgage crisis with rising student debt, especially in light of America’s increasing skills gap (“Familiar warning signs in for-profit schools,” Op-ed, April 10).
Even in a state with a long history in higher education, proposals like Coakley’s will result in limiting higher education access. Our nation faces a shortfall in education capacity to train students for in-demand careers. Despite best intentions, public institutions cannot fill those gaps alone. According to the Massachusetts Budget and Policy Center, the state, like others, has cut support for higher education spending by 31 percent since 2001.