February 27, 2009
Don't Fix the Student-Aid System. Kill It.
The American student-aid system has long been based on a tacit promise to provide students with the means to complete their college education and ensure that money isn't a barrier to getting a degree. Unfortunately, that system has failed. Student aid has become little more than a clever marketing mechanism that permits colleges to maximize tuition dollars through rampant price discrimination.
Because institutions have tailored their prices to fit their own particular circumstances,
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