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Wednesday, November 30, 2011

Federal Programs caused the rise of college cost!

When did College Cost start to rise? If you look at History, you will see when we started Subsidizing College cost through the Federal Grants and Loans. We wanted to make it more affordable. Well if you are a business and you have more funds available – what do you do? You spend it! You are getting more money in, you are expected to offer a “better education” or at least more technology. This makes it even more expensive. So what happens? Cost Rise. They haven't offered a better education, just one that looks better on the outside.

The NY Times by Tamar Lewin has a different view from Secretary Duncan, but look at History and you will understand what I am saying.

Mr. Callan said. “We’ve put huge amounts into Pell grants under Clinton, Bush and Obama, but the money that went to financial aid has been absorbed by tuition increases. And with all that we’ve invested, we have a less affordable system than we had a decade ago. We’re on a national treadmill.”

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