In my Pope Center Clarion Call, today, I show that federal student aid programs have doubly backfired — not only have they driven up the cost of college education, but they have driven down student effort and learning.
The similarities between federal intervention designed to make home ownership more affordable and federal intervention designed to make college more affordable are striking. Easy money ruined systems that used to encourage virtuous behavior (saving money, studying and doing one’s best in school) by instilling a careless entitlement mentality.
