Random Thoughts About College Tuition, Student Loans, and Return on Investment
The history of federal and state involvement in subsidizing the cost of higher education has filled books. From the federal perspective, Congress opted to support the students’ cost of college attendance through student loans versus grants beginning in the 1950’s. The need-based Basic Educational Opportunity Grant (now known as a Pell Grant) was initiated for the 1973-1974 academic year.