Friday, March 17, 2017

Make America's College Costs Great Again

As I said last month, this will lead to an increase in the cost of higher education in the U.S. because the tuition paid by foreign students (who usually are not eligible for financial aid from the college) effectively subsidizes the American students who receive financial aid. If fewer foreigners paying the full sticker price attend, that means less financial aid money for Americans, which will mean the real cost of attending college will go up.

That's on top of the effects Trump's proposed draconian cuts to funding of the arts, humanities, and science. Grants under those programs is another major way that U.S. colleges and universities are funded. Large public universities, in particular, get a lot of their funding from government research grants. If you decrease those revenue streams, they will be forced to increase tuition to make up the difference.

Heckava job Trump!