InsideAcademiaTV: Neal McCluskey on How Student Loans Drive Up Tuition

Andy Nash of interviews The Cato Institute’s Neal McCluskey on how our system of student loans pushes the cost of college higher and higher.

In this week’s episode, Andy Nash speaks with The Cato Institute’s Neal McCluskey about what keeps forcing the college tuition upward.

Neal McCluskey, Associate director of Cato’s Center for Educational Freedom, and author of Feds In The Classroom: How Big Government Corrupts, Cripples, and Compromises American Education, as well as of the recent white paper: How Much Ivory Does This Tower Need? What We Spend on, and Get from, Higher Education – joins us on Inside Academia to explain why federal financial aid has served to distort price signals and thereby skyrocket the cost of college tuition over many years.

Key Take-Aways

  • 1:10  Tuition goes up BECAUSE of Federal Student Aid (1 min, 30 sec)
  • 3:05  Tuition still goes up even when state appropriations are coming in  (1 min, 40 sec)
  • 5:20  Why should the government profit off of students? (2 min)
  • 8:10  A so-called public good?  But at what cost? (2 min, 40 sec)
  • 11:30  Subsidies and the loss of useful price signals (2 min, 20 sec)
  • 14:40  Why not loan forgiveness if the government caused prices to increase? (3 min)
  • 18:20  To the K-12 level: go to college or you’re worthless (3 min, 10 sec)

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