How much will it cost when college is “free”?
When tuition is “free”:
- cost will keep rising until running out of taxpayer money
- tangential costs will skyrocket
= required books, on-site housing, other suddenly discovered costs will get even more expensive
Don’t try to outsmart “supply and demand”. Never works out. Want to lower tuition costs? get gov’t completely out of the loan business; make tuition fully deductible, if not an outright 1:1 tax credit.