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Do you want to reduce the cost, or do you want to increase accessibility? There are a finite number of colleges, so reducing cost does not necessarily increase
by bmelton 9y ago
Do you want to reduce the cost, or do you want to increase accessibility? There are a finite number of colleges, so reducing cost does not necessarily increase accessibility. An incentive to build more colleges may increase accessibility, but may or may not exacerbate prices.
Another model might be to increase subsidy for fields with more guaranteed profit centers, while decreasing the amount of subsidy for fields in which a career profit is less likely, such that loans are more likely to be paid off. This again may make college cheaper, and/or more accessible, but may fail to yield enough trained workers to deliver in necessary but unprofitable fields.
That said, I'm not just trying to poop on the idea, but to highlight that "cost" is not the only rubric of accessibility, and that "cheaper" doesn't necessarily yield the results you're looking for, and may actually result in contrary outcomes from what we expect.