Everyone has three objectives for higher education: lower tuition, higher quality, and less government spending on subsidies. The unfortunate truth is that we can have any two of these, but we can’t have all three. If we mandate low tuition, we have to give on one of the other two. Either the government has to increase spending on subsidies, or the quality of the education schools will be able to provide will suffer. There are no easy choices.
Saturday, February 19, 2011
Why Does College Cost So Much?
This is only tangential to class, we will begin looking at the key factors of growth and one is education. More than anything I thought this article was very interesting.