Skip to comments.Could Federal Aid Really Control the Cost of College?
Posted on 08/28/2013 9:57:17 AM PDT by William Tell 2
Could Federal Aid Really Control the Cost of College?
NEW YORK (MainStreet) When Secretary of Education Arne Duncan gave a mysterious statement on August 20 about the latest NPSAS report one could conceivably ask - is there anybody home at the Department of Education?
Some are beginning to wonder.
(Excerpt) Read more at mainstreet.com ...
Of course not, but that’s not the object. Control of the institutions is.
Federal aid establishes a floor to the price of college education. Give everybody $5 to buy an item, and the seller will incorporate that $5 into their capital plan. Ever visit a college university recently? Building like crazy in a manner detached from market realities given the CAGR on college costs.
Federal Aid has already been controlling the cost of college, it has been driving it up.....
How dare those administrators and professors try to enrich themselves on the backs of those poor underprivledged students? Just like Doctors, and their medical care, those Colledges should be forced to give away their knowledge for a modest rate. Bring on the Obamacation of Academia! /s
Answer is a whopping YES!