U.S. Universities Feast on Federal Student Aid: Virginia Postrel

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Dec. 9 (Bloomberg) -- The public is in a foul mood overincreasing college costs and student debt burdens. Talk of a“higher education bubble” is common on the contrarian right,while the Occupy Wall Street crowd is calling for a strike inwhich in which ex-students refuse to pay off their loans.

This week, President Barack Obama held a summit with adozen higher-education leaders “to discuss rising college costsand strategies to reduce these costs while improving quality.”The administration plans to introduce some policy proposals inthe run-up to the presidential campaign.