For-Profit Colleges Raise Tuition to Maximize Student-Aid Revenue, Study Suggests

"The paper, by Stephanie Riegg Cellini of George Washington University and Claudia Goldin of Harvard University, says that the higher tuition at the Title IV-eligible colleges provides evidence of the 'Bennett hypothesis'—the theory, espoused by William J. Bennett, the former education secretary, that colleges eligible for federal student aid jack up their tuition to maximize the aid funds they can capture."