Obama ‘putting colleges on notice’ on high tuition

ANN ARBOR, Mich. — Pres­i­dent Barack Obama fired a warn­ing at the nation’s col­leges and uni­ver­si­ties on Fri­day, threat­en­ing to strip their fed­eral aid if they “jack up tuition” every year and to give the money instead to schools show­ing restraint and value.