Unleash Prosperity Hotline
Issue #1228
03/24/2025
The More the Feds Subsidize Student Loans, the More Colleges Raise Tuition
Last week we shared some charts on the utter failure and folly of federal intervention in education for K-12.
An even bigger failure has been the $1.5 trillion student loan boondoggle. As even more federal dollars have flowed into higher education in grants and (largely forgivable) loans. This is the result:
We got a lot of praise and criticism from readers for our call to impose an excise tax on university tax-free endowments above $1 billion. But what is clear is that almost none of these treasure chests of wealth are being used to make college more affordable. Shameful.
