by Jon Guze
Senior Fellow, Legal Studies, John Locke Foundation
At Reason.com, Katherine Mangu-Ward reminds readers of something John Hood said 20 years ago about the impact of federal lending on college tuition:
In his 1995 article, . . . Hood made a prediction: “Clinton’s policies, if enacted, will actually make it easier for colleges and universities to charge students more and more for tuition and other costs.” He was right: The College Board puts annual tuition, fee, and room and board for the 1989-90 school year at $24,622 for private four-year colleges and $9,417 for public schools (in 2014 dollars). Those figures have nearly doubled since then, to an average cost of $42,419 for private and $18,943 for public schools.