April 25, 2012

Harvard College. Photo: Flickr/Matthew Boyer

Should taxpayers subsidize students attending Harvard? Photo: Flickr/Matthew Boyer

As President Obama travels the country urging continued federal subsidies for higher education, The Heritage Foundation’s Lindsey Burke weighs in on the issue in an interview with the Washington Post:

Keeping interest rates artificially low will fail to drive down college costs in the long run. Colleges will once again be able to increase costs, and students with easy access to low-interest loans will once again be able to pay. The Obama administration has significantly increased federal involvement in the student loan industry, effectively nationalizing student lending through language buried in Obamacare, by continuing to increase federal subsidies, and by “forgiving” student loans altogether after 20 years on the backs of taxpayers. But these policies only exacerbate the college cost crisis, continuing a vicious cycle whereby college costs rise in tandem with ever-increasing federal subsidies.

Read all Heritage research on higher education here.

What do you think the federal government’s role should be in higher education?

Comments (9)

artlang - April 26, 2012

Government subsidies are enabling poor performing universities to stay alive and continue the burden of tenure while raising prices for a product with a terrible ROI.

Betty - April 26, 2012

I feel like the government (you and me) are paying for higher eduction when the student needs to get the money by working for it. Also, the education department should not be federal. it should be in the state’s hands.
Mrs. Charles Hamilton

Jan Emerson - April 26, 2012

My husband and I paid for my college education, and the costs for our three children. There is no reason why I should have to pay for the education of other people’s children. The government should provide low interest loans which should be paid in full within twenty years. We need to educate students in high school so they know how to budget their money, and not incur expenses they (and their parents) cannot pay back. How dumb! If loans are forgiven after twenty years, no one will pay them!

Joseph McKennan - April 28, 2012

It seems peculiar to me that advocates of free college generally support the notion of Darwin. You know, that survival of the fittest thing.
I think that a college education is a personal choice based on personal interests. The stronger a person’s interest, the more that person is likely to excel in it.
I have seen the results of the handout mentality. Instead of searching for answers to problems in their chosen field they look to benefactors to ease the way or referee what is important to elucidate for the good of humanity.
I am convinced, based on my own experience that paying for the knowledge yourself is part of the process.
Einstein, Bohr, Heisenberg etc would never have done what they did if they hadn’t worked for it and used education enhanced abilities to achieve what they did.
A leader who promises freebies is not a leader but a deciever with an agenda.

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