The Academy and Other People’s Money (OPM)
[N]ow is probably a good time to reprint – and expand – the list of empirical studies that have, in one way or another, found that schools in large part capture aid money rather than becoming more affordable. The list probably isn’t exhaustive, and there are many limitations that make it impossible to prove that aid fuels inflation, but combined with the logic that you’ll willingly pay more if you have someone else’s money, these studies show that there is very good reason to conclude that aid is counterproductive:
Yes, Aid Fuels Tuition Inflation
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Tags: academics, Higher Ed Bubble, o1ivyhCHpGw, OPM, Other Peoples Money, Student Debt, student loans, ZAwBN2Q8L14
