Comment by jack_h
20 days ago
> Free revenue for universities.
Many years ago when I went to university my state created a fund to pay a certain portion of a student's credit hours. This was implemented in my second or third year from what I remember. I noticed that my direct out of pocket cost (or really how large the loan I took out was) never went down from before this program and after. The university was pretty flush with funding though.
This is exactly what happened in the US with the federal grants and loans. Universities just raised their prices.