Pres. Obama says spending on “less productive” things “like prisons” is driving up tuition costs.
In an interview discussing his plan to cap student loan repayments, Obama said:
“The main reason that tuition has gone up so much is that state legislatures stopped subsidizing public universities as much as they used to, in part because they started spending money on things like prisons and other activities that I think are less productive. And so schools then made up for the declining state support by jacking up their tuition rates.”
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