“TRANSFER — Free room and board!” As I walk to class each day, my eyes inevitably land on the bold letters of the billboard looming large in the distance promoting a rival university.
While this promotion showcases the potential of the free market to alleviate tuition expenses, it represents just one aspect of the broader challenge of ever-increasing costs associated with higher education in America. The recent decision by the Biden administration to forgive who have been critical of President Joe Biden’s handling of the Israel-Hamas war.
Of course, this is far from the first time the federal government has attempted to make college more affordable. Government subsidies aimed at increasing access to education drive up demand by incentivizing more individuals to pursue higher education. As more students enroll in colleges and universities, institutions face pressure to expand capacity to accommodate more students, exacerbating the imbalance between supply and demand and leading to inflationary pressures.