L.A. Liberty

The Case Against Student Aid →

“The Department of Education (DOE) spends about $30 billion annually on subsidies for higher education, almost all of which is distributed in the form of student loans and grants — $9.6 billion and $17.4 billion, respectively. Much like the housing boom, where easy credit fueled a bubble, this has stimulated demand for higher education. Between 1986 and 2006, a period in which FFA programs were greatly expanded, enrollment increased by 48 percent. This surge was accompanied by a 21 percent real increase in cost between the 1995-96 and 2005–06 academic years. […]

It’s evident that abolishing FFA would result in lower tuition rates. Failure to do so would be, essentially, suicidal for the majority of colleges.”

(Source: libertarians)

Notes:

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