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Political Discussion
Reply to "Trump ceasing federal aid for college"
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[quote=Anonymous]^except student loans have not been proven at all to have anything to do with the increased prices of tuition. The only one arguing that is Cato and other crazy limited government conspiracy conservative organizations This one is from the Midwest higher education org but several Federal reserve Bank studies have found the same Rising college cost is driven substantially by three economy-wide forces: (1) Lagging productivity growth is endemic to personal service industries, so service prices rise faster than goods prices. This is called “cost disease;” (2) The higher education workforce is highly educated and the cost of hiring highly educated workers has risen sharply since 1981; and (3) A college’s mission and market require it to meet a rising standard of educational care. More than any potential dysfunction on campus, these three factors have led to rising real costs. u Administrative “bloat” and amenity competitions grab headlines but do not account for much of the rising cost. Rising numbers of professional staff and improved amenities are not inherently inefficient. [/quote]
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