In this article from the NYT http://www.nytimes.com/2015/09/13/magazine/is-college-tuition-too-high.html the author puts forward some interesting ideas about the education market. First there are really three higher-education markets
- Top tier
- Large regional powerhouses
- Nonselective public, community and private for-profit
He says if you add up the financial aid available from state and local governments and from nonprofit insitutions there is enough money already out there to support everybody's education - the problem is that aid is distrubted unevenly. That 3rd tier gets the least amount. Our system gives three time as much aid to the least needy as it gives to the most. Also he highlights the ASAP program in NY - indicating its not just moving the money but moving it to the right place and providing the extra help that is needed to help people finish college. They call it "mandatory intrusive guidance"