Saturday, January 20, 2007

Merit Goods Inflation Part IV

Part IV

Kids would work hard to get these scholarships, increasing the academic focus of high schools, but those who don’t make it would not be shafted with the monumental price tags they face in the present system. Scholarships for low-income students who don’t get merit scholarships should continue as well. These programs would be greatly benefited by the program described above because it gets at the problem of price. The amount of tuition kids need to scrape together would become a little more manageable. It would also take people in the middle, who aren’t rich but who could swing $20,000 for four tough years—less if their kid goes to a public university—out of the financial aid pool, allowing those programs to focus on the applicants who are truly needy.

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