NAICU - What Free Market in Higher Ed?

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What Free Market in Higher Ed?

Chronicle of Higher Education - Commentary

February 4, 2012

During a panel discussion at the meeting of Christian colleges, a president challenged me on the need for additional government oversight. Let the "free market" correct rising college prices on its own, he said. The problem is, the current financing mechanism for college is far from a free market. Government subsidies account for close to 90 percent of revenues at some colleges when you add up grants, loans, and research funds.

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