It's an open question whether we'll make
the equivalent policy adjustments in higher education as we did in K - 12: will someone create a «GED for college» or will we start holding colleges accountable for their graduation rates to boost education attainment?
[Table includes appropriate GBP / USD FX rates from Jun - Sep, expenses are estimated,
policy gains are
equivalent to the 2.1 p & 0.8 p TLI already reported, and the
policy valuation
adjustment's a reconciling item.