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ERIC Number: ED501501
Record Type: Non-Journal
Publication Date: 2007-Jan
Pages: 5
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
The Real Costs of Federal Aid to Higher Education. Heritage Lectures. No. 984
Vedder, Richard
Heritage Foundation
New federal spending on student aid is unlikely to improve college access. The increase in access in higher education in America largely came before massive federal involvement in student financial aid programs. Evidence suggests that federal subsidies for student aid may be counterproductive. Modest provision of financial assistance serves to increase the proportion of college graduates in society, but a vast financial aid effort such as we have had in recent years has actually had a negative impact on that ratio. Importantly, evidence suggests that increasing subsidies for higher education has contributed to inflation of college costs. As a long-term objective, the federal government should largely exit the higher education business. Shorter-term, lawmakers should oppose vast increases in student-aid programs. (Contains 2 footnotes.) [Lecture delivered December 7, 2006.]
Heritage Foundation. 214 Massachusetts Avenue NE, Washington, DC 20002-4999. Tel: 202-546-4400; Fax: 202-546-8328; e-mail: info@heritage.org; Web site: http://www.heritage.org
Publication Type: Opinion Papers; Speeches/Meeting Papers
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Heritage Foundation