How Do We Break the Cycle of Higher Tuition and More Debt?

Daniel Lin

Daniel Lin is a professional lecturer in the Department of Economics at American University. He writes about the industrial organization of entertainment industries, the theory of the firm, and the antitrust implications of various theories of competition.

Many college students face repaying a mountain of debt upon graduating, and many college graduates end up working jobs that don’t require a degree. Even worse, 40 percent of college students drop out without earning a degree, but that does not free them from the debt they have accumulated. Prof. Daniel Lin argues that government subsidies are to blame for the continually rising costs of higher education. Although such subsidies are supposed to help defray college costs, they are making the situation worse. A policy that worsens the problem it is supposed to fix should be eliminated.

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[ See more: Is Student Loan Debt Forgiveness a Good Idea? featuring Daniel Lin ]