There seems to be a popular sentiment that everyone deserves to go to college because it is a "right" and in order to protect that right, the government needs to intervene in order to make college more affordable. However, while government intervention in the student loan business has done nothing but allow colleges to increase the price that colleges charge for tuition, it also has lowered the value of the degree students earn.
Combating popular misconceptions about American economics, society and politics.
Sunday, November 10, 2013
Why Government Should Not Be Subsidizing Tuition
There seems to be a popular sentiment that everyone deserves to go to college because it is a "right" and in order to protect that right, the government needs to intervene in order to make college more affordable. However, while government intervention in the student loan business has done nothing but allow colleges to increase the price that colleges charge for tuition, it also has lowered the value of the degree students earn.
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