,
6 tweets,
1 min read
Read on Twitter
1. The Road To Hell Is Paved With Good Intentions -- College Tuition Edition!
WSJ: Remember When Politicians Promised to Make College Affordable?
New Fed research highlights the crushing burden of government-subsidized tuition.
WSJ: Remember When Politicians Promised to Make College Affordable?
New Fed research highlights the crushing burden of government-subsidized tuition.
2. Most Americans can’t remember a time when politicians weren’t claiming to make education more affordable by funneling more money to colleges. But after the latest surge in “affordability” policies, implemented over the last decade, the staggering costs are becoming clear.
3. Expanding federal grants and loans to finance higher education has predictably given colleges the ability to raise prices, which in turn requires students to take on even more debt to pay the new higher prices.
4. It’s not a new story. In 1965 Washington launched a program to make college “affordable” by offering a taxpayer guarantee on student loans. By an amazing coincidence college costs have been rising much faster than inflation ever since.
5. The effect of student debt on the economy has been debated in recent years, as the total has soared to $1.5 trillion, surpassing Americans’ credit-card and car-loan bills.
6. And if you think college is expensive now, wait until you see how much it costs when it's free.
The End
The End
