Soleron said:
If the increases stops people who otherwise would have from being able to attend university, the lost productivity (could be) more than the subsidy amount. If government accounting was only done to cost almost nothing would happen. -- UK two years ago: £3000 -> £9000 sudden jump, less than a year's notice. £9000 is $14000. |
That really depends if the degrees are in worthwhile fields. In the US, degree growth has increased four-fold from the 1990s which has increased tuition costs considerably since supply can't keep up with the artificial demand. The even bigger problem is that the vast majority of the increase in degrees aren't in valuable productive fields. They're in psycology, liberal arts, and other fields that are not in demand. So we have a lot of well-educated, debt-ridden, unemployed people with no usable real-world skills.
Of course, that tends to be the MO of government subsidies. They're well-meaning, but very poor on results.
Back from the dead, I'm afraid.