J.D. Tuccille on the President’s Price-Hiking Student Loan Scheme

When he was a
college freshman in 1983, writes J.D. Tuccille, average tuition,
fees, room and board at private, nonprofit colleges added up to
$18,143 in 2013 dollars. This year, that number has risen to
$40,917. Public colleges are cheaper than their private
counterparts, but they’ve seen similar soaring costs. You can
expect more of the same, warns Tuccille, as President Obama commits
the federal government to further subsidize student borrowing,
thereby encouraging colleges to hike prices to match.

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