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> What we see in practice is that the subsidies cost the government (which is fine -- that's what a subsidy is) but the value is being captured by the school, n
by KKKKkkkk1 10y ago
> What we see in practice is that the subsidies cost the government (which is fine -- that's what a subsidy is) but the value is being captured by the school, not the student.
But is this really an unintended consequence? Who has more lobbying power in Washington, students or Princeton and Yale?
- sopooneo 10y agoI hear your point, but neither Princeton nor Yale require students to get loans. Along with a number of other super-prestigious schools, they offer all students full grant coverage of all the cost they can't afford. "By committing to an admissions policy that does not consider a student’s ability to pay, and by meeting the full financial need of all admitted students (with no loans required), we ensure that Yale is accessible to the most talented students from around the world, regardless of their family’s income" http://admissions.yale.edu/financial-aid-prospective-students http://admissions.yale.edu/financial-aid-prospective-student...