The runaway costs of college

“Last week Barack Obama and the Democrats were so consumed with health-care reform that they hardly took a minute to brag about another significant reform, to student loans and grants. This week they’re getting around to it. Tucked away in the health-care legislation are provisions that will expand funding for Pell Grants, cut fees that the government has been paying to private lenders to issue government-backed loans and tweak the terms of student loan repayments …” (more)

[Economist, 31 March]

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