Is There a College Financing Crisis?
The 2020 elections showcased what was easily the most radical higher-education agenda the Democratic Party has ever endorsed. Mass student-loan forgiveness, $13,000 undergraduate Pell Grants, and free-college programs were all on the wish list. But the case for them was premised on the claims that access to college is severely inequitable and unaffordable, and that matters have grown worse in recent years. Common though they are, these assertions are false. In fact, access and equity in our higher-education system have improved over the past 20 years, and both tuition and student-loan payments are far more affordable than many assume.