$1.1 Trillion Student Loan Bubble? Not So Fast
The Consumer Financial Protection Bureau attracted widespread attention in 2012, shortly after total student debt passed $1 trillion. The agency warned of the “uncanny” similarities between the state of the student loan industry and that of the subprime mortgage market before the housing bubble burst.
Texas Comptroller Susan Combs Issues Report on Student Loan Debt and Rising Tuition Costs
Financial experts say student loan debt could significantly reduce economic activity and demand for mortgage credit and negatively impact the broader economy by inhibiting entrepreneurship and the creation of small businesses.
Thinking Too Highly of Higher Ed
Now education has taken the place of housing. If a college degree always means higher wages, then everyone should get a college degree: That’s the conventional wisdom encapsulated by Obama.
It Is Possible To Control College Costs–And I Did It
In my 15 years as president, not once did we have to raise tuition more than the Consumer Price Index.
2014 Election: The rest of the results
Illinoisans voted in favor of a 3 percent tax increase for millionaires in order to collect more money for schools, although this referendum was not attached to a binding proposal to raise taxes. Before residents get too excited about sticking it to the rich, they should talk to Maryland residents. In 2009, the Wall Street Journal reported that one year after passing a millionaire tax, “one-third of millionaires … disappeared from Maryland tax rolls.” In fact, tax revenue collected from state millionaires actually declined after the tax was passed.
How The ‘College-For-Everybody’ Agenda Harms Both Students And The Economy
In higher education, the vision “that everyone should go to college”—like all well-intentioned projects suffering only tenuous connections to reality—asks “too much from those at the bottom, . . . the wrong things from those in the middle, . . . and too little from those at the top.”
Are Colleges Using Their Space Wisely?
Through incentivizing universities both to maximize their use of existing space and to offer additional courses online, the Texas legislature would go no small way toward ensuring a more affordable college education for Texas students and therewith smaller student-debt loads.
“Government Attempts at College Cost Transparency Ineffective, May Make Decision-Making Worse”
It’s a real shame that government-mandated cost calculators for college are ineffective at best and actually discouraging at worst. It’s not surprising, perhaps, but it’s still a shame, especially when the biggest effect is on people who stand to gain the most by pursuing a college sheepskin.
Are MOOCs the future of education? –SeeThruEdu’s Stuart Butler on “Fareed Zakaria GPS”
Stuart Butler: “Today’s online education is not our grandfather’s online education. Its completely transformed.”
After State Aid, Are Low-Income Students Better Off?
A disproportionate number of grantees attend schools whose performance records are so bad that if accreditation standards were at all meaningful they might be forced to close their doors.