Most research supports theory that student financial aid leads to increased tuition

Thirty years ago, then-Secretary of Education Bill Bennett theorized that rising federal financial aid was having a perverse effect on tuition, letting “greedy colleges” raise their prices without blowback from students and parents. Much research has been done on the “Bennett Hypothesis” since then, and while it doesn’t all point in the same direction, most of it does, according to a new meta-analysis by the Martin Center for Academic Renewal.