An Alternative Remedy to the Debt Crisis: Use Points to Payoff Student Loans
By John Carroll The student loan debt crisis seems intractable. Students can’t make payments and it’s likely the $1.5T balance will never be repaid. The debt is simply too big. To solve the problem, researchers at the Levy Economics Institute of Bard College proposed a one-time student loan forgiveness program. The Education Department could simply […]
It’s No Wonder Students Can’t Pay Their Debts–Colleges Blur Loan Requirements
A new report by New America and uAspire concludes that financial aid award letters are often too confusing to be useful to prospective students. The report, entitled “Decoding the Cost of College: The Case for Transparent Financial Aid Award Letters” lambasted award letters for obfuscating useful information about loans. It concluded, “award letters lack consistency […]
When The Higher-Ed Business Model Meets Economic Reality
(By William Murchison): Follow the money, goes the time-honored advice about learning why so-and-so does such-and-such. Accordingly, economics professor Douglass Webber of Temple University followed the money – specifically comparing the sums state and local government formerly poured into higher education with the government money presently flowing into it. Bad news. That is, if you’re […]
What everyone’s afraid to say about college and jobs
(From www.foxnews.com): Interview of John Stossel: Today, all Americans are told, “Go to college!” President Obama said, “College graduation has never been more valuable.” But economist Bryan Caplan says that most people shouldn’t go. CONTINUE READING HERE
New Report: The U.S. Student-Loan Debt Crisis Is Even Worse Than We Thought
(From Forbes.com): By Tom Lindsay Last year, in these pages, I reported that, on January 13, 2017 (just one week before the Obama administration exited DC), the Obama Department of Education released a memorandum confessing that it had “overstated student loan repayment rates at most colleges and trade schools.” The “updated numbers” provided by the […]
Yes, Markets Work In Higher Education
(By John Carroll) University of Wisconsin Stevens Point succumbed to market pressures and is abandoning the notion that they can survive as a traditional liberal arts college. They are eliminating majors, and probably faculty too. Students simply aren’t buying what they’re selling. Rather than mourning the loss, we should celebrate the transformation. Markets work, even […]
How Colleges Are Ripping Off a Generation of Ill-Prepared Students
(From dailysignal.com): By Walter E. Williams Earlier this month, the 2017 National Assessment of Educational Progress, aka the nation’s “report card,” was released. It’s not a pretty story. Only 37 percent of 12th-graders tested proficient or better in reading, and only 25 percent did so in math. Among black students, only 17 percent tested proficient or […]
A Case for Refinancing Federal Student Loans
We have two broad problems to solve. What do we do about existing loans—particularly for those who are stuck in default or delinquency? and, how do we avoid the debt trap in the future?
The Furor Over Student Loan Forgiveness
Once again, Education Secretary Betsy DeVos has kicked the hornet’s nest, this time by changing the rules for deciding if a student will be relieved of his or her obligation to repay federal college loans.
College Tuition Inflation: An Overblown Crisis?
Gillen and Robe place no blame for this confusion on HEPI and HECA’s creators. Both indices are helpful when limited to their original purposes. Rather, the blame lies with those who seek to use these indices beyond their purposes in deceived and/or deceiving fashion.