Economist Richard Vedder, who has spoken and written for OCPA through the years, is “America’s foremost expert on the economics of higher education,” Allysia Finley writes in an excellent piece in The Wall Street Journal ("The Real Reason College Costs So Much").

Mr. Vedder sees similarities between the government’s higher education and housing policies, which created a bubble and precipitated the last financial crisis. “In housing, we had artificially low interest rates. The government encouraged people with low qualifications to buy a house. Today, we have low interest rates on student loans. The government is encouraging kids to go to school who are unqualified just as it encouraged people to buy a home who are unqualified.”

I encourage you to read the entire article here.