Exactly. Equality of opportunity, to the extent achievable, is important to preserve. But it needs to be done in a way that universities don't simply absorb any funding by raising tuition.
IMHO, we should start by taking the ACA approach on admin overhead.
I.e. If you want federal loans/grants to be usable on tuition at your institution, here's the administrative cost ("funds not directly spent on teaching") cap.
If you exceed that, then you must rebate students the overage.
IMHO, we should start by taking the ACA approach on admin overhead.
I.e. If you want federal loans/grants to be usable on tuition at your institution, here's the administrative cost ("funds not directly spent on teaching") cap.
If you exceed that, then you must rebate students the overage.