Conventional wisdom says that expansions in federal student aid will result in a more affordable and equitable post-secondary education system. While this belief has motivated massive expansions of federal aid in the recent past, rapidly increasing tuition and student loan default rates are raising questions about this approach. In a new study, I review the […]
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We have clearly oversold higher education. Through subsidies and political hype, we have prodded huge numbers of students to flock into colleges and universities. Naturally, those institutions also expanded in number and in the volume of students. Now that it is becoming evident that a college degree isn’t necessarily a good investment and for many […]
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