The Corner

Higher Ed Vouchers

Mark Oppenheimer in WSJ: “Higher education has to be considered one of America’s greatest market failures: absurdly expensive, with little price competition, tuitions increasing ahead of inflation and no good gauge to measure quality. After all, Cornell might be worth $30,000 a year, but is La Verne University, in La Verne, Calif., worth $22,800, not counting room and board?”

We don’t need to pick on poor La Verne University (which is far better than Shirley University), but Oppenheimer clearly has a point. And the fundamental problem, as Richard Vedder has shown, is one of supply and demand–demand has exploded because the government subsidizes so much higher ed. A better approach would be to give vouchers to students, along the lines of what Colorado is experimenting with.

John J. Miller is the national correspondent for National Review and the director of the Dow Journalism Program at Hillsdale College. His new book is Reading Around: Journalism on Authors, Artists, and Ideas.

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