which pushes up costs. Restraining tuition and spending in the face of this demand is difficult. Wealthy students will go to the best colleges that they can afford, the Ivies, Stanford and similarly elite universities

The federal government can address the rise in income inequality caused by excessive tuition. Tying access to government subsidies to the education of low-income students would help accomplish this.

Student Debt

Since 1972, the share of low-income high school graduates who start college right after high school has about doubled, to more than half, according to the National Center for Education Statistics. Yet nearly half of students who enroll in a post-secondary institution don’t complete a degree within six years. For African-Americans and Hispanics, the number is about th...

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