Now we have it: the answer to high and rising college costs.
It comes courtesy of a website recently profiled in The Post that pairs young women with wealthy “Sugar Daddies.” It claims a million college students across the world have logged on in search of Sugar Daddies, and describes the offer this way: “[Financial aid forms] and grants can be a nightmare — if you are even approved.”
But at its site, “students from all backgrounds and income levels are welcomed. No minimum GPA required. Any ambitious student can graduate debt-free with the help of our generous Sugar Daddies.”
Maybe they should be publishing their graduation rates as well.
Still, “Sugar Daddies” and “Sugar Babies” are not the only obscenity when it comes to college tuition. The other has to do with the cost of tuition, which has been rising at a clip much faster than general inflation.
Would it surprise you to know that this rise is being accelerated by another Sugar Daddy? Only this one is the federal government.
Richard Vedder, director of the Center for College Affordability and Productivity, has long pointed out that one big reason for the rise in tuition is that the federal government has been fueling it with aid; that a larger portion of college students were from low-income backgrounds before Pell Grants; and that the more the feds have expanded college loans, the faster college tuition has risen.
The point is that Uncle Sam is the original Sugar Daddy. His generosity comes at a high price, too.