Why no country’s higher ed system can be the best
By international standards, American colleges charge high tuition, and students must often take out loans to cover the cost of their higher education. This has prompted many to wonder why the United States cannot copy the higher education policies of certain other rich countries, such as Finland, where students at public universities pay zero tuition thanks to a heavy government subsidy. But subsidies are not the only aspect of a country’s higher education system that policymakers should care about. Whether universities produce enough graduates and have enough resources to provide a high-quality education also matter—but these aspects of higher education are usually in tension with higher government subsidies.