Are you familiar with the study from the Federal Reserve bank of New York that's really kind of studying the increase in colleges college costs? Yes. So their conclusion is, as best I can interpret it, is that For every dollar that the federal government has poured into higher education, tuition has increased 65 cents. You're familiar with that conclusion. There is an active debate among academic economists about the relationship between public federal subsidies and prices. (08:32–08:41)
CLAIM
Asserts that federal funding for higher education results in a 65-cent increase in tuition for every dollar spent.
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