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Mar 19

Government Funding of Higher Education Takes Money from the Poor and Transfers it to the Rich

guantanamo

Why are taxpayers made to own or pay for government colleges and universities they do not attend? The only plausible explanation is that government-owned colleges somehow meet the needs of people in ways that private colleges do not.

There is scant support for such a proposition.

In fact, governmental support for higher education has actually backfired on its intended beneficiaries (if providing higher education to the poor is the intention).

“Frequently it will actually be the better-off who succeed in having themselves subsidized by the worse-off. Consider, for example, the almost universal practice of offering a ‘free’ university education, whereby the working class, whose children rarely attend universities, pay through taxation for the education of middle-class children!” Hans-Hermann Hoppe, Democracy: The God that Failed (2002, p. 97.))

A 2003 study showed that the most underrepresented group of Americans at the nation’s top universities is low-income Americans. Only 3% of freshmen at the top 146 most selective colleges came from the bottom quarter of U.S. households by income. Only 10% come from the bottom half (Anthony Carnevale of Educational Testing Service 2003//).