The Department of Education’s method for awarding college students financial aid has many perverse effects. It contributes to rising tuition, keeps students in the dark about their aid eligibility for too long, gives some colleges unfair special treatment, and does not incentivize colleges to improve. But a small tweak would address those problems: replacing the … Continue reading “How to Stop Student Aid from Driving Up Tuition”
In 1987, U.S. Education Secretary Bill Bennett asserted that increases in federal student aid make it possible for universities to increase tuition. In this presentation, Jenna Robinson will describe her new paper analyzing 30 years of research on that idea, which is now called “The Bennett Hypothesis.” Click here to register. This event is a Shaftesbury … Continue reading “The Bennett Hypothesis Turns 30: How Federal Funding Drives Tuition”
It’s been 30 years since then-Education Secretary William J. Bennett took to the pages of The New York Times to chide colleges for their “greedy” behavior. He decried the negative effect federal student aid seemed to have on tuition, namely, that it allowed universities to raise prices without feeling the consequences of reduced demand or lower-quality … Continue reading “Does the Bennett Hypothesis Still Matter?”
Many Americans are concerned about the rise of university tuition. “The Bennett Hypothesis Turns 30,” a research paper by Jenna A. Robinson, merges findings from 25 empirical studies on the “Bennett Hypothesis”: Reagan-era Education Secretary William J. Bennett’s theory that large amounts of federal student aid drive up the cost of tuition. Executive Summary In 1987, … Continue reading “The Bennett Hypothesis Turns 30”
In last year’s campaign for the presidency, Hillary Clinton and Bernie Sanders tried to attract votes with promises of free college. In the British elections earlier this year, one reason for the Labour Party’s surge was its pledge to do more to help students afford college. Higher education has become a very big political issue, … Continue reading “If There’s a College Affordability Crisis, What Should We Do About It?”