Federal aid is driving up the cost of college tuition, charges Hillsdale College professor Gary Wolfram

Federal aid is driving up the cost of college tuition, charges Hillsdale (Mich.) College professor Gary Wolfram. The Federal Work Study and Perkins Loan programs, for example, are government supports that heighten the demand for college aid. "Private four-year colleges increased listed tuition prices by more than two dollars for each dollar increase in Pell Grants, and public four-year colleges increased their listed tuition by 97 cents for every dollar increase," points out Wolfram.

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