Withdrawing subsidies and the rise of competition will. This is not the first time a U.S. panel has urged colleges to control spending. In January 1998, the National Commission on the Cost of Higher Education warned that colleges risked an erosion of public trust if their prices continued to soar and colleges failed to report their spending habits to parents and taxpayers. That commission also warned against federal intervention to keep college costs down, saying instead that colleges must heighten efforts to cut costs and keep tuition affordable. The panel called on Congress to require colleges to disclose more financial information to parents and students.
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