Phi Beta Cons

Why Subsidize College?

“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.”

George Leef is the the director of editorial content at the James G. Martin Center for Academic Renewal.