Subsidizing Higher Ed Makes It More Costly; It Also Makes Incomes More Unequal
Increasing student aid to make college “more affordable” is something of an impossibility. The more “generous” the government becomes with grants and loans, the more schools raise their rates.
Money Magazine’s new college rankings finally get it right for students
Competitors to U.S News seemed to come and go every year as new college rankings proliferated, but none of them could answer a basic question for students and parents: Of the thousands of colleges in the U.S., which ones are worth the return on my investment?
Sorry, But ‘College Is Too Expensive’ Is Not A ‘Myth’
Increasing federal student aid was found only to incentivize schools to hike tuitions further. . . . Specifically, the study finds that every dollar of additional Pell Grants or subsidized student loans results in tuitions being raised between 55 cents and 65 cents.
No End In Sight For Higher-Education Malinvestment
“More college graduates are working in second jobs that don’t require college degrees,” writes Hannah Seligson in the New York Times, “part of a phenomenon called ‘mal-employment.’ In short, many baby-sitters, sales clerks, telemarketers and bartenders are overqualified for their jobs.”
Free Enterprise to the Rescue: Donations From Business Boost Private-School Scholarships
Thanks to a swell of charitable donations from businesses, more disadvantaged Arizona children will have the opportunity to choose a private school this year.
Debt Forgiveness and Liquidation
The messy dismantling of Corinthian Colleges is moving through a federal bankruptcy court, as a judge mulls whether to halt loan repayments for up to 350,000 former students and the defunct for-profit chain seeks the court’s approval for the fire sale of its remaining assets.
A Wharton Professor Asks, Will College Pay Off?
Even though a certain drug will be beneficial to a majority of patients, we know that it can be very detrimental to others. If you wouldn’t take a drug just because it helps most people, neither should you go to college because it helps most people.
Coming Demise of Small Liberal Arts Colleges?
What is happening at Sweetbriar is beginning to happen at a lot of places. The pool of 18-to-22 year olds is stagnant at the moment. College costs have risen relative to the perceived benefits. Overinvestment in higher education has lowered the rate of return and increased the risks.
Uncle Sam, Student Loans, and The Sopranos
The federal government operates what looks like a predatory loan program for families. . . . Politico’s Michael Grunwald says the PLUS loans have “much higher interest rates and fees, and far fewer opportunities for loan forgiveness or reductions.”
The Fall of Big State U
In the heyday of the flagship universities in the 1950s and 1960s, state governments spent the bulk of their funds on just a few functions—primarily transportation, public safety and corrections, and higher education. That is no longer the case.