If you turned off the federal gravy train, tuition would drop.
If that were true why is my local divinity school more expensive than most local colleges while accepting no federal aid money?
Yep, the cost of ANY product will always be :
What the market is willing/able to pay for it + any subsidies being given to purchase it.
Hillsdale College in Michigan accepts no Federal funding, including no Federal student loans, and tuition is $23,000 per year.
Michigan State University seeks out Federal research grants, and in-state tuition is $13,500 per year.
“If you turned off the federal gravy train, tuition would drop.”
Yep, ANYTIME the federal or even state and local government gets involved in what should be a private undertaking the result is more and more money spent and lower and lower quality as a result. Young people receiving a bachelor degree now have less REAL education than high school graduates of my era and less than eighth grade dropouts of my parents era. At the same time many, if not most, have student loan debts equal, in nominal terms, to what a nice house cost not so long ago. Many and possibly most, are taking jobs, if they can find a job at all, that I would have scorned as a high school graduate.
When will people ever learn that government thrives by CREATING problems, not fixing problems? Ronald Reagan’s simple statement should be on huge signs all over this country. GOVERNMENT IS NOT THE SOLUTION, GOVERNMENT IS THE PROBLEM.