Texas Has a $10,000 Degree — But for How Long?

The idea of a $10,000 college degree began with Bill Gates. In August, at a conference in Lake Tahoe, Ca., the Microsoft founder told an audience that technology could bring down the cost of college degrees. “Not just to $20,000,” he said, “but to $2,000.” Gates’ remarks struck a chord with Gov. Rick Perry, who read about his appearance in news accounts.

Fast forward to Tuesday’s State of the State address, in which Perry issued a bold challenge to the “brightest minds” at Texas universities: Develop a bachelor’s degree costing no more than $10,000 ...

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