The Radical, 18th-Century Scottish System for Paying for College

Shannon Chamberlin:

The saddest part of the debate over how to rein in the cost of college is that rising prices have not been tied to any real improvement in the quality of education. Skyrocketing tuition, it’s generally agreed, has been brought on by the expansion of student services. There are nothing but bad choices, it seems: Allow the status quo to persist and saddle students with debt that will hamper their ability to buy houses, start families, or even get the jobs they need to pay off their debt. Or make college (and graduate school, argues Samual Garner, a bioethicist who chronicled his personal student-debt crisis in Slate) taxpayer-funded, and risk a larger and more catastrophic version of the cost escalation that can come with a pot of free money.