The Government Controls Higher Ed From Both Ends

null Nov. 26, 2023 4:26 pm ETShareResizeListen(55 sec) Photo: Seth Wenig/Associated PressOf course a former regulator says the solution for our higher-education system is more government regulation (“America’s Universities Need Serious Regulation” by Arthur Levitt, op-ed, Nov. 13). The real solution is for the government to get out of the business and let the market work.Over the decades the federal government has become the de-facto controller of our universities—financially and with rules and regulations. It also controls the demand side by issuing endless student loans for a lot of worthless degrees and indebted students. The excess demand creates lavish spending and inefficiencies. Faculty are then subsidized with government grants.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Continue reading your article witha WSJ subscriptionSubscribe NowAlready a subscriber? Sign InSponsored OffersAT&T: AT&T waived activation and upgrade fees fo

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Opinion Nov 27, 2023 Add to Reading List

The Government Controls Higher Ed From Both Ends

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Nov. 26, 2023 4:26 pm ET

Photo: Seth Wenig/Associated Press

Of course a former regulator says the solution for our higher-education system is more government regulation (“America’s Universities Need Serious Regulation” by Arthur Levitt, op-ed, Nov. 13). The real solution is for the government to get out of the business and let the market work.

Over the decades the federal government has become the de-facto controller of our universities—financially and with rules and regulations. It also controls the demand side by issuing endless student loans for a lot of worthless degrees and indebted students. The excess demand creates lavish spending and inefficiencies. Faculty are then subsidized with government grants.