Commentary
Econ 101: Who Benefits from Boost in Student Grants?
'Round and 'round the taxpayer money goes ... and where it stops, nobody knows. Oh, and tuition will go up, too.
By Gary L. Wolfram, Ph.D.
Business & Media Institute
"One of the priorities of the new Congress, and something approved of by most of the media, is to expand federal grants and loans to college students. While this may sound like a good way to increase access to higher education, it is another case where people, in Sherlock Holmes’s words, see but do not observe.
Before Congress increases spending on financial aid to college students, it should think about what the end result will be. That result will certainly be higher tuition costs for all students, and may result in no net tuition reduction for those who receive the aid."
'Round and 'round the taxpayer money goes ... and where it stops, nobody knows. Oh, and tuition will go up, too.
By Gary L. Wolfram, Ph.D.
Business & Media Institute
"One of the priorities of the new Congress, and something approved of by most of the media, is to expand federal grants and loans to college students. While this may sound like a good way to increase access to higher education, it is another case where people, in Sherlock Holmes’s words, see but do not observe.
Before Congress increases spending on financial aid to college students, it should think about what the end result will be. That result will certainly be higher tuition costs for all students, and may result in no net tuition reduction for those who receive the aid."
posted by HeavyHanded at
5:04 PM
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