We Have Oversold Law School – Now What?
Just because existing lawyers average $113,000, that tells us nothing about the prospects for new lawyers entering at the margin. Lots of recent law school graduates have found out that the good results on average for those who earned their JDs in the past are completely meaningless for them.
Glittery Debt Perspective
I’m sorry, but having debt in exchange for an education that is supposed to enable one to earn a great deal more over a lifetime, without an obligation to furnish years of unpaid service to the lender, is not indentured servitude.
‘Who’s Picking Up The Cost Of Graduate Student Debt?’ Taxpayers (Who Else?)
The uptick in borrowers with repayment plans pegged to their incomes is one of the reasons the Congressional Budget Office in January and March estimated that student-loan debt will cost taxpayers an additional $66 billion in the period between 2015 and 2024.
Purdue preparing novel way to fund college
Call it what you will, but Purdue University is rethinking financial aid after the nation’s class of 2015 was named the most indebted in United States history.
The Federal Government as a Predatory Lender
The evidence is pretty clear that our government meets all the qualifications as a predatory lender. This is just one more episode of a system of perverse market incentives instituted by government that will not end well.
Indiana University used this one weird trick to cut student debt
It’s too early to tell how much the behavior of individual borrowers changed, but in aggregate, students at Indiana University took 11 percent less in federal loans during the 2013-14 school year.
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.”
College Completion: Just Add Structure
Nearly half of all students who undertake postsecondary programs in the U.S. do not achieve the desired credential. So our high rate of matriculation (approximately 70%) is undermined by our low level of completion (54%).