This article originally appeared in The American. Click here to read the full article.
By Ike Brannon
Most people think that college tuition is too high, and many presidents of private colleges agree with that sentiment and would like to cut their tuition. However, they cannot legally do so, at least not in a way that would be beneficial for them — which would be for a large group of private colleges to jointly reduce tuition.
By law, such a move would constitute price fixing, even though a conspiracy to reduce prices would be a boon for customers.
When the law forces a nonsensical result onto society, it’s time to change the law. Congress should give permission for private colleges to cooperate in cutting their tuition, which would lower college costs for many students and result in more people attending college. It’s hard to see who would be hurt in the process.