Video: Neal McCluskey on Student Loans Driving up Tuition

Neal McCluskey, associate director of Cato’s Center for Educational Freedom, and author of  Feds In The Classroom: How Big Government Corrupts, Cripples, and Compromises American Education, as well as of the recent white paper: How Much Ivory Does This Tower Need? What We Spend on, and Get from, Higher Education – joined Inside Academia to explain why federal financial aid has served to distort price signals and thereby skyrocket the cost of college tuition over many years.

From InsideAcademia.tv

 Key Take-Aways

  • 1:10  Tuition goes up BECAUSE of Federal Student Aid (1 min, 30 sec)
  • 3:05  Tuition still goes up even when state appropriations are coming in (1 min, 40 sec)
  • 5:20  Why should the government profit off of students? (2 min)
  • 8:10  A so-called public good?  But at what cost? (2 min, 40 sec)
  • 11:30  Subsidies and the loss of useful price signals (2 min, 20 sec)
  • 14:40  Why not loan forgiveness if the government caused prices to increase? (3 min)
  • 18:20  To the K-12 level: go to college or you’re wortheless (3 min, 10 sec)
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