Grinnell is a very small liberal arts college in Iowa with a very big endowment: $1.4 billion. Why the financially sound institution is looking at how to control future costs.
Last year, Harvard graduates made less money per year than alumni from the South Dakota School of Mines and Technology -- which costs about four times less than Harvard to attend.
Now to a community college here in Southern California that has been losing funding from the state. And to make up for that, Santa Monica College is jacking up tuition for its most popular classes by 500 percent.
In a speech at the University of Michigan, President Obama calls for rewarding colleges that do best at keeping tuition under control and graduating students. Those who do not perform well could see funding cut.