When policy-makers want more of something, they subsidize it. We Have Too Many Colleges, So Cut Federal Funding
As we’ve poured more and more government money into college “access,” schools have pocketed much of the money and gone on a spending spree – and then increased their tuition and fees, leading politicians to cry that they must increase student aid more to keep higher education “affordable.”
And it’s true that quality has declined.
It's not educational quality that has declined so much as it is the capability of students seeking higher ed. Credential inflation. Schools trying to keep their seats filled with paying customers: George Washington University Ditches SAT, ACT Scores, School was worried tests were driving away promising students.
GWU annual college cost/yr: $64,300.