Tuesday, February 21, 2012

The Bennett hypothesis 2.0

Why They Seem to Rise Together: Federal Aid and College Tuition:
It's called "the Bennett Hypothesis," and it explains--or tries to explain--why the cost of college lies so tantalizingly out of reach for so many. In 1987, then Secretary of Education William J. Bennett launched a quarter century of debate by saying, in effect, "Federal aid doesn't help; colleges and universities just cream off the extra money by raising tuition." Now Andrew Gillen, research director of CCAP--the Center for College Affordability and Productivity--has tweaked the data and produced a sophisticated "2.0" version of the hypothesis.