Its not just the economys fault: even as they publicize lavish financial aid packages, colleges and universities are making it harder for average American families to afford higher education, while making it easier for the wealthy.
Mr. Bernstein makes a point, but provides no suggestion about how a university can reduce the opportunity cost of the funding of the college education.
The only visible solutions to making access equal and lest costly for the non-wealthy are to stop allowing credit card payments, or eliminate the fees.
Eliminating the fees costs the institution 3 percent in reduced revenue. Not a viable solution.
Who gets to bear the cost of the education? Here in Arizona the people certainly won’t.