Bennett Hypothesis: Financial Aid Increases Tuition

[dfrecore]

I would like to point out that you are absolutely correct about for-profits - and that if the government hadn't stepped in and made loans so easy to get, there probably wouldn't be any for-profits, as there wouldn't be much profit to be made! If people can only go where they can afford to go, then the less expensive schools will flourish, and the more expensive ones would die off.

Then, leave the subsidies to the states to deal with, and see what happens. The market will take care of a lot of the problems if allowed to. That's why capitalism (not crony capitalism, but actual capitalism) works. If many people are demanding inexpensive colleges, inexpensive colleges will come about. No frills, no fancy dorms with granite counters and a pool and a gym with a juice bar, no billion dollar stadiums and arenas, etc. Kind of like CC's. There would be inexpensive private schools with limited degrees, no frills, nothing fancy - just there to get the job done (kind of like WGU or Patten). And not only online, but B&M. Or the states would expand the CC's to offer BA/BS degrees - as CA has done on a limited basis. One of our local CC's offers a BS in Biomanufacturing (because none of the local state schools offer it, and we have a large Biotech industry here). The total cost for 4 years is about $11,000 total ($1500 for first and second years at $46/cr, and $4000 for 3rd and 4th years at $130/cr). They are doing this as a trial with multiple CC's in CA, in different parts of the state, each offering a degree that the local state schools don't. THIS is how capitalism is supposed to work.