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Despite sticker prices, the real cost of getting a degree has been going down
Despite ever-higher sticker prices, the real cost of getting a degree has been going down.
Increases to the federal Pell Grant have limited out-of-pocket costs for low-income students, David Deming, a political-economy professor at Harvard, told me. And colleges themselves appear to be offering more aid, which accounts for 70 percent of all discounts, Adam Looney, an economist at the University of Utah who wrote the Brookings study, told me. “You have to fix knowledge, but then also make some promises to students that, not only is this real, but we’re not going to switch up on you after a year or two—which, to be frank, many universities currently do,” Zach Bleemer, an economics professor at Princeton, told me.
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