We face a twofold crisis in higher education: While tuition costs and student-loan debt skyrocket, our students far too often learn precious little of what they need to succeed as employees, citizens, and independent thinkers.
Higher Education Subsidization: Why and How Should We Subsidize Higher Education?
We provide massive college subsidies at both the federal and state level. This paper explores the justifications for these college subsidies, subsidy design considerations, and evaluates the main subsidy programs to assess whether they are well-designed. Our evaluation discovers reasons to eliminate some subsidies and ways to improve other subsidies. Key points: Subsidies for higher...