Across much of the rich world a public-university education is free or nearly free. America and Britain are notable exceptions
the flood of bold, progressive policy proposals coursing across America’s political landscape began in 2015, when Bernie Sanders, an independent senator from Vermont, put a plan to make higher education at public universities free at the centre of his upstart campaign for the presidency. Then the idea seemed radical, even gimmicky. Now it is noteworthy when leading Democrats oppose the notion.
An economic approach points in a similar direction. A post-secondary education represents an investment in a person’s future earning power, thanks to the skills obtained in school, the connections and credentials gathered along the way, and the signal a tertiary degree provides to employers. Since students reap most of the benefit, they should bear the cost , lest subsidies encourage people to spend years at university that might be better allocated elsewhere.
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