Quote Of The Day

“In this article about college funding, Kevin Carey says something that I’ve long believed, which is that government-supported financial aid doesn’t quite work how you might imagine: colleges can just raise their prices along with any aid packages that come along. The price tag for college is not fixed, and so what looks like a subsidy for low-income students can just end up being a way for universities to jack up their prices by a corresponding amount.” — Andrew Gelman

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