Obama To Colleges: Control Tuition Costs Or Risk Federal Money

President Obama issued a warning to colleges in Tuesday's State of the Union address: “Let me put colleges and universities on notice," he said. "If you can’t stop tuition from going up, the funding you get from taxpayers will go down.”

President Obama expanded on his plan Friday by outlining a proposal that for the first time would tie college tuition increases to federal aid. It makes some people in higher education nervous, wondering if this is the beginning of government is price control.