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Republican and Democratic lawmakers Wednesday questioned the merits of alternative learning models, as the Senate Education Committee held a hearing on the reauthorization of the Higher Education Act, the law that governs federal financial student aid.

As Demand for College Degrees Grows, New Models Emerge In U.S. Higher Ed

America’s universities are still held in high regard, but doubts persist about the system’s ability to prepare students for success in today’s fast-changing, knowledge-based economy.

The number of college graduates is climbing but too slowly to meet the country's economic needs, according to economists. That's why some innovators want to fundamentally change the way institutes of higher learning award college credit.

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