On tuition subsidies
The superintendent at Cold Spring Shops comments on a USAToday story which examines college tuition subsidies. Government funds to higher education are being increasingly placed in the hands of consumers, in the form of vouchers, rather than university administrators, in the form of outright grants. What is missing from Stephen’s otherwise excellent commentary is the positive incentive effect that this has on university administrators. They’re being taken off the dole, and are now forced to compete. More than before, at any rate.