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College Quote by Sarah Jaffe

“In other words, the hidden subsidies [designed to help individuals seeking college degrees] are not helping those who most need help in getting a degree. It's also helping lenders, by providing an incentive to borrow. So why not take that $22.75 billion or so that we're already spending and…” quote by Sarah Jaffe
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“In other words, the hidden subsidies [designed to help individuals seeking college degrees] are not helping those who most need help in getting a degree. It's also helping lenders, by providing an incentive to borrow. So why not take that $22.75 billion or so that we're already spending and putting it directly toward making public higher education free?”

Sarah Jaffe

About This Quote

Source Speech: Public Policy Forum, 2022

Subsidies intended for college students often bypass the most needy and benefit lenders, suggesting funds could be better used for free public higher education.

In simple terms: Subsidies miss the poorest and help lenders; free education could be better.

Key Takeaway

Redirect funds to tuition-free public colleges.

Themes

education economics equity policy finance

Mood

critical hopeful

Type

policy advocational

When to use this quote

  • college budgeting
  • student loan counseling
  • government budgeting
  • advocacy for free tuition

Key Concepts

subsidy design public good income inequality

Questions to Reflect On

  • How could free public higher education be sustainably funded?
  • What mechanisms ensure aid reaches the most needy?
A Different Perspective

Implementation requires massive political consensus and budget reallocation.

3.8 out of 5 (3 ratings)

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