Michael C. Macchiarola is a Distinguished Lecturer at City University of New York and the co-author of a forthcoming article in the Cornell Journal of Law and Publc Policy: "Options for Student Borrowers: A Derivatives-Based Proposal to Protect Students and Control Debt-Fueled Inflation in the Higher Education Market."
Federal subsidies long ago achieved the goal of making higher education more attainable for students from middle- and lower-income families. Yet such programs cloud the fact that good politics often tend to represent bad economics. In this case, government efforts have reflexively ushered a generation of students down a one-size-fits-all conveyor belt that has too […]
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