{"id":14566,"date":"2012-06-11T13:07:41","date_gmt":"2012-06-11T17:07:41","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=14566"},"modified":"2012-06-11T13:14:16","modified_gmt":"2012-06-11T17:14:16","slug":"college-cost-causeeffect-dawns-on-government-and-academia","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/14566\/college-cost-causeeffect-dawns-on-government-and-academia\/","title":{"rendered":"College Costs: Cause\/Effect Relationship Dawns On Government, Academia"},"content":{"rendered":"

Under the headline “New Course in College Costs,” today’s Wall Street Journal <\/em>meditates on something that should be obvious<\/a>:\u00a0 “As Student Debt Grows, Possible Link Seen Between Federal Aid and Rising Tuition.”<\/p>\n

A “Possible Link?”<\/p>\n

Apparently, it’s news to academia that federal subsidies lead to higher prices:<\/p>\n

Rising student debt levels and fresh academic research have brought greater scrutiny to the question of whether the federal government’s expanding student-aid programs are driving up college tuition.”<\/p><\/blockquote>\n

But don’t try telling that to the Obama Administration, famously callous toward anything that includes the concept of “profit” or “private”:<\/p>\n

A spokesman for Education Secretary Arne Duncan said the administration believes there is a link between federal aid and tuition increases at for-profit schools, but that it sees no such tie with public and nonprofit schools. “<\/p><\/blockquote>\n

The real-world data contained in the report, however, contravenes the Obama Administration’s party line:<\/p>\n

Tuition and fees at four-year public schools have risen 150% since 1990, to an average of $8,244 per student this past academic year, according to the College Board, an advocacy group made up of universities.\u00a0 Over the same period, federal grants and tax benefits rose 242%, to an average of $4,292 per student, said educations consultants Kathy Payea and Sandy Baum, who conduct the College Board’s annual research on college prices.\u00a0 Federal loans per student tripled.”<\/p><\/blockquote>\n

Unsurprisingly, George Will<\/a> cogently captures the phenomenon in his latest column entitled “Subprime College Educations”:<\/p>\n

This bubble exists for the same reasons the housing bubble did.\u00a0 The government decided that too few people owned homes\/went to college, so government money was poured into subsidized and sometimes subprime mortgages\/student loans, with the predictable result that housing prices\/college tuitions soared and many borrowers went bust.\u00a0 Tuitions and fees have risen more than 440 percent in 30 years as schools happily raised prices – and lowered standards – to siphon up federal money.”<\/p><\/blockquote>\n

It’s just unfortunate that George Will remains too scarce on the syllabi of government and academia.<\/p>\n","protected":false},"excerpt":{"rendered":"

Under the headline “New Course in College Costs,” today’s Wall Street Journal meditates on something that should be obvious:\u00a0 “As Student Debt Grows, Possible Link Seen Between Federal Aid and Rising Tuition.” A “Possible Link?” Apparently, it’s news to academia that federal subsidies lead to higher prices: Rising student debt levels and fresh academic research […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2453,3074,2455],"class_list":["post-14566","post","type-post","status-publish","format-standard","hentry","category-posts","tag-college","tag-cost","tag-tuition"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/14566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=14566"}],"version-history":[{"count":7,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/14566\/revisions"}],"predecessor-version":[{"id":14573,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/14566\/revisions\/14573"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=14566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=14566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=14566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}