Obama announces $12 billion community college initiative - washingtonpost.com

WARREN, Mich., July 14 -- President Obama came to this economically struggling state Tuesday with a sobering message about its vanishing jobs and a promise of renewal through a new federal investment in community colleges.

Obama's new higher-education initiative includes $2.5 billion for construction and renovation at the nation's community colleges, $500 million to develop new online courses and $9 billion for "challenge grants" aimed at spurring innovation at the colleges...