“Why has college cost increased so much in last 40 years?”

Chris Arnade posed that question on Twitter. Tim Duy’s response seems about right to me:

At a very basic level, I think the fundamental issue is that we switched from subsidizing supply via state support for higher education to subsidizing demand via easy access to student loans. In the former system, the objective was to keep costs low. Not so in the latter.

 

Jon Guze / Director of Legal Studies

Jon Guze is the Director of Legal Studies at the John Locke Foundation. Before joining the John Locke Foundation, Jon practiced law in Durham, North Carolina for over twent...

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