Wages for the Unskilled and Access
The theory that rising tuition affects access rests on one of two premises. Either the rise in price is leaving students liquidity-constrained (that is, they don’t have enough cash on hand to meet the costs) or they have decided the investment is no longer “worth it.” If the only issue is liquidity constraint, then the problem can be solved with student loans, but since anti-tuition types rarely make that argument, one has to assume that what they believe is that