Wednesday, September 4, 2013

Does financial aid ultimately increases tuition?

Week #1 Article 2

1. Matthews, Dylan. (2013, Sep 3). The Tuition is Too Damn High, Part VII —Is government aid actually making college more expensive? Washington Post.

2. Category of problem: education

3. Level of problem: national level

4. The article concerns: The question whether federal aid given to students brings an equal increase in the tuition that universities charge.

5. Why is this important to families/individuals OR how does it affect individuals/families?
     This is important to families and students because eventually they may revise the financial aid system. This may or may not work in the favor of the students (who the aid is supposed to benefit). If every time pell grants are handed out or increased, there is an equal increase in the cost of tuition, then we have a problem. Tuition may get so expensive that it prevents those not eligible for pell grants from attending the same institution.

6. What are your views on the issue/policy?
     I get financial aid and pell grants, and I like getting most of my college paid for, so there’s that. I don’t think the solution will ever be to end government funding for higher education, I hope. On the other hand, if I had a better idea, I would state it here. I admit I am ignorant in economics. But I’m not the only one, the economist's views about this issue are all opposing. I read the comments readers made and some of them were informative and some were funny. I will end with a quote that I saw in a comment box from Bluetosphere, he said “Ignorance is knowing nothing about economic theory. Profound ignorance is having a graduate degree in it.”

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