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Author: Colovion Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726084  
Subject: Re: Romney on college tuition Date: 10/17/2012 12:34 PM
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College would be more affordable if these grants and free tuition deals were eliminated. These politicians do not appear to grasp this fact. Provide grants and free tuition and the colleges simply ratchet up their tuition amounts. This is a distortion of the free market and is a no-brainer.

Only a liberal could believe that dumping billions of dollars of federal money into the college education market would make it CHEAPER. Uh, no morons! They'll take every dime you give them and demand more, more, more! All it does is artifically inflate the cost.

Look at my Alma Mater, UofM. Is there any reason in-state tuition should be in the $10,000 range per year while out-of-state is over $50,000? No way the average Michigan family is paying $40,000 in taxes per year just to UofM. But does anyone actually pay $50,000 per year out-of-pocket to go to UofM? Very few, the rest get scholarships or (more likely) federal loans. Could UofM charge $50,000 per year without federal loans? Nope, it would have to be WAY closer to the in-state tuition rate (which itself is inflated for the same reason).

That's beside the fact that the feds shouldn't be in the business of subsidizing college education in the first place. Not one of their core responsibilities (or secondary, tertiary, etc.!) Military academies, sure... but every public and private school throughout the land (save for those few, like Hillsdale, that reject federal funding outright)? One could argue that states can do this, but the feds? Not if the term "limited government" has any meaning at all!
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