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by mufufu
2118 days ago
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> When you subsidize something, you get more of it. ... That leads to the question of what educational discounts subsidize. In effect, they subsidize going to very expensive universities. I’m not sure I am following the point here. Are you suggesting people are signing up to a 4 year university, taking out tens of thousands of dollars in loans (as you mentioned) in order to get a student discount? |
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At the margins, subsidies lead more people to spend four (or often five to six) years of their life getting a credential. If you're interested in this topic, I highly recommend Bryan Caplan's book: https://www.amazon.com/Case-against-Education-System-Waste-e...