The English language is not strong enough, nor are my skills in using it, to fully describe the unmitigated disaster that the federal program of financial assistance for college students has been, especially in the case of student loans. That program has: Incentivized academic mediocrity and penalized academic merit and accomplishment; Materially raised the cost […]
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Editor’s Note: This article was originally published by Mises Institute on December 18, 2023. With edits to match Minding the Campus’s style guidelines, it is crossposted here with permission. Mises Wire contributor Kevin Van Elswyk, in his November 29 article “Student Loans: The Continuing Crisis That Is Getting Worse,” nicely summarizes the current confusion and scandal of federal student loan […]
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Middlebury College is expected to announce a plan to hold the annual rise of tuition to one percentage point above the inflation rate. This announcement will likely be greeted with praise. But why? Costs may be held down in comparison with other colleges, but the bedrock assumption here is a familiar one: tuition must go […]
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President Obama has made reforming federal assistance to college students—with the aim of making it financially easier for more of them to obtain their degrees—-a centerpiece of his administration’s goals. In his State of the Union address on Jan. 27 he called for expanding the Pell grant program that currently serves about 7 million low-income […]
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