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

There's some evidence in favor, particularly at for-profit colleges. matched

But he says it's based on a kind of cynical understanding of graduate school. matched

Basically, that the Bennett hypothesis is a logical conclusion if you're only looking at certain types of schools. matched

It's a logical conclusion if you think that these graduate programs are massive profit centers.

And some programs, fields like business, can be quite profitable.

But other fields, for example, medical school, is wildly unprofitable. matched

And Kelchin's point is there are a lot of graduate fields of study that aren't that profitable because they are so expensive for the schools to offer. matched

It can take a million dollars of resources to produce one medical degree. matched

So limiting borrowing is not going to reduce that cost. matched

You know, the labs, all of the different services they have to provide to students. matched

And you can imagine the schools are operating on a relatively thin margin. matched

Even if we assume that institutions raised prices when loans became available, it doesn't mean that they have the space to move in the opposite direction.

Part of what Kelchin is saying is the reason these programs are expensive for students is they're expensive for the schools. matched

So it's not so easy for them to cut prices. matched

It's not that they're hugely inflated. matched

I mean, some are, but not all of them. matched

Somebody over there, he's 18, ought to use a gun. matched

So I talked to Preston Cooper at the conservative-leaning American Enterprise Institute. matched

These new loan caps are probably only going to affect about 30 percent of grad school borrowers because the vast majority of folks, Cooper says, are right now borrowing within the new loan limits. matched

Yeah. matched

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