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”
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”
On December 19, the U.S. Department of Education announced that as of the end of the year, it would no longer allow students to use federal aid money at the Charlotte School of Law (CSL). The reason for this unprecedented move was the decision by the American Bar Association in November to place CSL on … Continue reading “No More Federal Student Aid Money for Charlotte School of Law”