In this paper we summarize our recent work analyzing pricing, aid, access and choice in American higher education, and we draw out implications from those findings for national higher education policy. We find that real increases in net tuition have impaired access and choice principally for...

The high price of attending college has generated a great deal of discussion and some heated controversy in recent years. Popular opinions generally depict college prices as unreasonable, unjustified, and unpayable. In the context of thinking seriously about the ways colleges and universities...