Thinking outside the box on higher education

Which is what Virginia Postel does in a new column for Bloomberg. Her basic point — that government subsidies help drive up the cost of education — is certainly correct. Postel identifies two groups that are especially hard hit by this policy:

This doesn’t mean that colleges capture all the aid in higher tuition charges, any more than capital-equipment companies get all the benefit of investment tax credits. But it does set up problems for two groups of students in particular. The first includes those who don’t qualify for aid and who therefore have to pay the full, aid-inflated list price. The second encompasses those who load up on loans to fill the gaps not covered by grants or tax credits only to discover that the financial value they expected from their education doesn’t materialize upon graduation.

Michael Lowrey

Michael Lowrey is a contributor to Carolina Journal and a policy analyst for the John Locke Foundation. Lowrey has written numerous articles for the foundation on topics su...

Reader Comments

  • Richard

    Why doesn’t private enterprise promote apprenticeships? Does a person have to go to college to learn a trade? Four years of drinking, texting, dating, and listening to socialistic lectures does not guarantee success in the workplace. Does the banana company in Charlotte have an apprentice program on how to rob the taxpayers?