William Bennett Our Greedy Colleges Analysis

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William J. Bennett, who was part of the Reagan administration as Secretary of Education, coined the correlation between loans and tuition prices. In 1987, William J. Bennett wrote an article called “Our Greedy Colleges” in The New York Times. He hypothesized that increasing the ease of obtaining a lot of money through financial aid has led to universities confidently increasing the price. They no longer have to worry about students coming into contact with the balloon costs they set. These increases in price without monetary restrictions have contributed to what could now be the next huge financial crisis. Bennett sees the increasing of tuition solely as university official’s greed to take more. One professor argues against Bennett’s hypothesis.

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