There's a direct connection between increases to federal student aid and the skyrocketing costs of college tuition, according to a study released by the nonpartisan Federal Reserve Bank of New York.
The report examined three aid programs: Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans and Pell Grants, all of which increase credit supply for students trying to pay for college.
Critics deride it as government-backed social engineering, a policy that effectively spells the end of local control over zoning laws.
Supporters praise it as a means of racially and economically diversifying America's suburbs and of ensuring, in the words of President Barack Obama, that "a person's ZIP code doesn't decide their destiny."
