The Opportunity Costs of Higher Education
When six or seven percent of the entire American population is in college, that means a significant reduction in work effort occurs because otherwise highly productive persons in the physical prime of their lives are only lightly utilized in making things or providing services.
Higher Education’s Faulty Economics: How We Got Here
We can see the destructive effects of the college-for-all agenda when we look more closely at each of the elements of our higher-education crisis mentioned above—affordability, debt, and poor student learning.
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.
A Smarter Approach to College Textbooks
As a professor, I am troubled by declines in the effort many in my classes are willing to put into doing the reading I assign. But as an administrator, I also recognize students’ concerns with scoring high grades, juggling internships and part-time jobs, and minimizing expenses.
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.
A College Without Classes
Forget credit hours—in a quest to cut costs, universities are simply asking students to prove their mastery of a subject.
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.
We Have Too Many Colleges, So Cut Federal Funding
As we’ve poured more and more government money into college “access,” schools have pocketed much of the money and gone on a spending spree – and then increased their tuition and fees, leading politicians to cry that they must increase student aid more to keep higher education “affordable.”