Study Ties Tuition Costs to Financial Aid Availability
A working paper by the National Bureau of Economic Research has tied high college tuition costs to the availability of student aid. According to the study, increased assistance and the introduction of an unsubsidized loan program are driving tuition prices higher since colleges know financial aid will make up the difference. The idea, however, is questioned by a College of William & Mary professor who believes tuition costs are tied to the wealthiest students’ ability to pay.
For more on the high cost of tuition, visit the Inside Higher Ed Web site.