Corey Turner

speaker

198 appearances 1 recordings 1 series first heard Jul 2026 last heard 1 Jul

Corey Turner’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Planet Money · Can the Trump administration make college cheaper? · 1 Jul 2026 podcast

while they pursued their degrees. matched

So it was exactly 20 years ago today that they enacted the Grad Plus Loan Program, which was the program that allowed unlimited borrowing for tuition, plus all that other stuff. matched

And that move, even though it was, again, likely the opposite of what Ben had in mind, it allowed us to test the matched

The Bennett hypothesis. matched

Which is why I ended up calling about half a dozen economists and higher education experts. matched

So I poured over these studies by lots of different researchers over the past 20 years about how Grad Plus affected students. matched

And I'm going to start with the study that everybody I talked to told me I needed to start with, that is most often cited by Republicans when they say, no, really, this will work. matched

So this research was done in Texas, and it was specifically focused on the creation of the Grad Plus program in 2006, where graduate school borrowers suddenly went from having capped loans to essentially being able to borrow as much money to cover tuition and matched

and fees as they needed. matched

His name is Jeff Denning.

I am an economist and a professor at the University of Texas at Austin.

So what Denning said was they specifically wanted to look at matched

When borrowers were suddenly able to take out a lot more in loans from the federal government, what effect did that have on colleges' prices in Texas? matched

Did it increase the price that colleges were charging for their graduate programs?

It is the perfect natural experiment. matched

So... matched

Denning and his colleagues poured through tons of administrative data from graduate programs all over Texas. matched

And they looked at student-level details like enrollment, graduation rates, financial aid. matched

And what they found is really interesting.

And the short answer is that we found that the price did go up.

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