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by subsidizing education so heavily in pursuit of increased attendance rates, we've driven prices sky-high At least for me, the relationship you're implying be
by chipotle_coyote 10y ago
by subsidizing education so heavily in pursuit of increased attendance rates, we've driven prices sky-high
At least for me, the relationship you're implying between subsidies and educational costs needs some explanation. If, say, three-quarters of a college's students are having 25-50% of their fees subsidized, what about those subsidies forces the college to raise their fees disproportionately to their costs?
- cheald 10y agoNothing forces them to; basic economics tells us that their prices will rise to the point that consumers will bear, and that subsidy increases the price that consumers will bear. Recent research (http://www.nber.org/chapters/c13711.pdf http://www.nber.org/chapters/c13711.pdf) bears out subsidy as a cost driver, as well.