Forgive Us Our Debts as We Forgive Our Debtors
The findings confirm that the problems with American higher education are not mere blemishes, but deep wounds. In particular, the federal student loan program is something of a fiscal disaster, and obtaining a college education is a riskier investment than previously portrayed.
Trustees Need Training, and They Need to Take Charge of It!
The “prime directive” of public trustees is to pursue the best interests of students and of the public before everything else, including the immediate interests of the institution. Trustees should not simply be boosters who never ask any questions.
‘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.
Universities Weighing Impact of Football on Finances
“It is a commonly held myth that the so-called ‘revenue-generating sports’ of football and men’s basketball make a profit … Though some sports generate revenue, very few … generate profit.” In fact, of the 128 Division I football programs, only seven finish debt-free year after year.
For-profits Have the Toughest Challenge
Next time you hear how awful for-profit are, keep in mind how their student bodies stack up against the non-profit sectors: they are much more challenging to work with, consisting to far greater degrees of the marginalized people federal policy is supposed to be helping.
States to Colleges: Prove You’re Worth It
The idea of using outcomes—not enrollments—to guide public funding of higher education has so much bipartisan backing that both President Barack Obama and Florida’s Republican Gov. Rick Scott support it.
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.”
Finally Some Movement on Accreditation Reform
It appears that at long last there might be some movement in Washington on overdue reform of the higher education accreditation system – a wasteful and useless process that was erected in the early 1950s to validate minimum standards in college degrees.
Should We Celebrate the Fourth of July Anymore?
Contrary to Vox, Martin Luther King, Jr., understood that the Declaration of Independence did not justify giving “more political power to America’s white male minority.” It condemned it.