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The College Cartel

by Vance H. Fried & Reihan Salam

Competition and innovation will lower the cost of higher education

There was a time when higher education wasn’t a national political issue. Then as now, the United States had a flourishing network of private and public colleges and universities, which were supported primarily by fee-paying students and subsidies from state governments, many of which took great pride in building academic powerhouses.

But in the decades since Sputnik and the Great Society, the federal role in higher education has increasingly taken center stage. Though Obamacare, taxes, and Iran are soaking up most of the attention, funding for higher education might emerge as a key dividing line in this year’s presidential election. Last year, the Occupy movement devoted much of its attention to mounting student-loan debt.

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