Bernie Sanders wants to make public university free. I do admire his intention. I also want more people to have access to education. I just think that student loan subsidies drive up the costs of education. When there is more money in the market for education, the cost goes up. That is econ 101.
Making it free is the ultimate subsidy. Students may not pay for it but those who do will pay much more dearly.
His plan does not consider the principle of contribution. In order for the education to have full power, the participants must be willing to sacrifice.
I like the approach of Mike Rowe.
http://profoundlydisconnected.com/
Study: Yes, Student Loans Are Making College More Expensive
Out of Pocket
6 months ago
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