Is there any way to make colleges charge less?
That’s the question a panel of policy analysts tackled at the Cato Institute here on Tuesday.
Two higher-education experts argued that greater openness from colleges about how they spend money would be sufficient to slow the climbing price of tuition. Others said a more radical solution—cutting off all federal student financial aid—would be necessary.
“Colleges are able to raise their prices because it’s not the consumers paying that cost,” said Neal McCluskey, associate director of the Center for Educational Freedom at the libertarian Cato Institute, in a presentation called “Student Aid Explains the Pain.” Average tuition rates have gone up hundreds of dollars every year, he said, but the actual price students pay after grants and loans are subtracted has barely increased in the past decade.
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