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Federal Reserve Bank of NY report finding expanded fed student aid driving up tuition costs

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I recently heard a university professor make a reference to the "university industrial complex." The Fed Reser. Bank of New York just issued a report "Credit Supply and the Rise in College Tuition: Evidence from the expansion in federal student aid program". www.newyorkfed.org/research/staff_reports/sr733.htlm. Thoughts?

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