Pennetration State is going to wind up like the Titanic, resting silent and deep at the bottom of the Pennsylvania Ocean.
Can I ask how old you are? Are FReepers this immature?
“Pennetration State is going to wind up like the Titanic, resting silent and deep at the bottom of the Pennsylvania Ocean.”
I smell an Obama Campus Cash Kollege Bailout in the works.
Higher Education Subsidies
by Neal McCluskey and Chris Edwards
May 2009
Overview
Origins and Growth of Subsidies
Subsidies and Education Inflation
Rising Federal Regulatory Control
Waste, Fraud, and Abuse
Conclusions
Overview
The Department of Education spends about $30 billion a year on subsidies for higher education. The bulk of that funding goes toward student aid programs, with the balance going toward grants to educational institutions. In 2008, grants to institutions cost $2.3 billion and aid programs cost $27.6 billion, which included $17.4 billion for student grants, $9.6 billion for student loans, and $0.6 billion for administration.
http://www.downsizinggovernment.org/education/higher-ed-subsidies