The High Tuition-High Aid Model

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“The high tuition-high aid model is based on claims of efficiency and equity. The efficiency claim begins with a tenant of public finance theory: any public subsidy of a good or a service that consumers are likely to purchase anyway, in the absence or diminution of the subsidy, is an inefficient use of public tax dollars” (Albatch, Gumport, Berdahl, 2011, pp. 333-334). This point is very true; there are so many jobs in the world today that require a higher education degree. The problem is, that higher education degrees have become a dime a dozen. The accessibility of higher education is better than ever and it is hurting both the economy and the job market. If we transitioned to a high tuition-high aid model, it would be far more beneficial

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