College Kids Need to Hear the World's Smallest Violin
Neal McCluskey relies on a very selective reading of the statistics to determine that students are living "higher on the hog." For example, he says that aid dollars are increasing: "Between 1994–95 and 2004–05, total inflation-adjusted student aid provided through state and federal grants and subsidized loans ballooned from $37 billion to almost $69 billion." Well, to most students, especially poor and minority students, loans don't really function as aid, because they have to be paid back, with interest.And the proportion of grants to loans has reversed since the 1980s, to 58% loans and 41% grants.
A college education is not an expensive painting that you buy to turn a profit on. It's an investment in America's future growth--each person with a BA contributes more in taxes and in productivity than a person without one. To cut off access at the start by forcing students to borrow their way through is an extremely short-sighted use of funds.