Crit Luallen's words come in the wake of a report that says tuition has become so high that Kentucky is in danger of not meeting its higher education goals.
As Phil Pendleton reports, Luallen said if something isn't done both students and the state stand to suffer.
The cold hard truth is that some kids wonder if going to college after high school is even worth it anymore.
According to this report more students are saying a degree isn't worth the thousands they're paying in tuition.
Yet students like William Colimancamenisch still want a degree. Colimancamenisch wants an international business degree so he can travel the world and live out of a suitcase. Yet he wonders if he should have just taken a low paying job out of high school instead.
"You have opportunity going to a job making 15,000 a year or going to college spending 30,000 out of school," Colimancamenish said.
The auditor said by 2020 Kentucky needs to have nearly 400,000 graduates.
"The state will fall short of its 2020 goals by 211,000 bachelor degree holders," Luallen said.
Luallen also said tuition assistance will only reach about 3,000 students this year. She also said Kentucky needs 5 times that to meet national goals.
The irony for some students is that you have to have money to make money, but the report recommends that tuition be reduced and that need based financial aid be increased.
Copies of the report were given to lawmakers, the governor, and those running for governor.
Crit Luallen said unless Kentucky takes action higher education goals set 10 years ago will not be met.