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Phi Beta Cons

The Right take on higher education.

Why Subsidize College?



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“If college is a good investment, why should the government subsidize it?” asks Jacob Sullum in this column.

That’s the right question to ask, but few politicians will pass up a chance at currying favor with voters by saying no to the silly interest rate cut on federally-backed student loans.

And in view of the fact that many of the students with these loans come from well-to-do families and will be earning big paychecks soon, we might even say that this is a “giveaway to the rich.”



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