9 ms·
College tuition will continue to rocket upwards for the same reason as health care costs: demand-side subsidies. In this case: scholarships, financial aid, and
by asciilifeform 17y ago
College tuition will continue to rocket upwards for the same reason as health care costs: demand-side subsidies. In this case: scholarships, financial aid, and low-interest loans.
Until these are removed, expect more of the same.
If, say, Bill Gates routinely handed out $10K to every person who has just bought a car, what do you think this would do to the prices of cars?
- tokenadult 17y agodemand-side subsidies Yes, I think that is a major problem in the current patchwork system of financing postsecondary schooling. The people choosing what colleges to attend and what programs to major in are not the same people as the ones bearing the cost of those decisions.