Columbia International Affairs Online: Policy Briefs

CIAO DATE: 07/2008

Popping the Tuition Bubble

Kevin Carey, Frederick M. Hess

June 2008

American Enterprise Institute for Public Policy Research

Abstract

What if, instead of borrowing, students could arrange for investors to pay their college bills in exchange for a fixed percentage of their future income? In this article, Kevin Carey and AEI’s Frederick M. Hess answer this provocative question. The time has come, they say, to think more creatively about financing college, especially because Congress seems more inclined to pour more money into loans and grants.