In mid September, the Congressional duo of George Miller and John Tierney joined their Senate colleagues Tom Harkin and Dick Durbin and the Department of Education in what might be described as the ongoing Beltway Witch Trials, where the alleged witches are the colleges that are legally organized on a profit-making basis. Messrs. Miller and […]
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Many politicians, including senators such as Tom Harkin and Dick Durbin, have grown indignant over the allegedly vast amounts of higher education money captured by for-profit institutions via the Pell Grant program. In fact, they consider this something of a scam. The truth, of course, is that throughout its history, including now, the vast majority […]
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The current conversation on higher ed reform coming is unusually platitudinous even for an election year. This was clearest earlier this year during the battle between Barack Obama and Mitt Romney on the proposed federal student loan interest rate, a subject fairly inconsequential in larger problem of sky-high college costs. In his Democratic nomination acceptance […]
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Universities are in the knowledge business, and the creation and dissemination of it is at the very core of what colleges do. Yet some forms of knowledge about higher education itself are either unknown, or hidden from the public. Why? Release of the information would prove embarrassing and possibly even costly to the school. 1. […]
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The vast majority of American colleges and universities make admission decisions without considering the financial need of applicants. Only a handful of private institutions admit their entire first-year class need-blind and then fully meet the financial need of all of their admitted students through a combination of grants, loans and employment opportunities. These institutions tend […]
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Originally posted at Open Market The Washington Times takes note of the burgeoning higher education bubble in a recent editorial: The cost of a college education has soared far in excess of the cost of health care. This is in spite of — or, more accurately, because of — massive government involvement in subsidizing […]
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By Robert Weissberg America’s huge investment in higher education has always had a democratic justification: everyone should be able to attend college because this opportunity would flatten the social pyramid. Yes, a North Dakota State and Harvard degree differ in prestige, but at least the North Dakota State graduate can join the game. Put ideologically, […]
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I’d like to respond to Peter Sacks’ critique of my new study. Something that I think is lacking from Sacks’ critique is any sort of acknowledgement of what the paper is about. So, for those that haven’t read it yet, here is the basic story of my report…
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At Bloomberg News, Virginia Postrel writes about how federal subsidies intended to make college more affordable have instead encouraged rapidly rising tuitions, in a column entitled, “U.S. Universities Feast on Federal Student Aid.” Education analyst Neal McCluskey links to four studies showing that increased government spending on student aid results in large tuition increases. As […]
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An elephant in the room that universities avoid is how their system is rigged to serve the rich over the poor. An October study by the American Enterprise Institute (AEI) entitled “Cheap for Whom?” showed one way that the university system is rigged in favor of the rich. It said: “Average taxpayers provide more in subsidies […]
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A new report on higher education from the American Enterprise Institute, out today, contains an eye-catching finding likely to generate a lot of headlines: the more selective a school is, and the fewer low-income students it serves, the larger its taxpayer subsidy. Calling this system of funding “perverse,” the report says: “Average taxpayers provide more […]
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Who knew the American Sociological Association was this bad? The Association put out a pompous and wrongheaded statement in defense of radical sociologist Frances Fox Piven, who has been under attack from Glenn Beck. In the 60’s, Piven made a name for herself by urging people to flood onto the welfare rolls to overload and […]
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For-profit colleges are having a tough time these days, thanks to the Obama Education Department’s looming new “gainful employment” rules that threaten federal aid cutoffs to an industry that derives 87 percent of its revenue from government loans and grants to its students—along with steep declines in new enrollments (due partly to new federal caps […]
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The Center for College Affordability and Productivity today completed the release of its 240-page report, 25 Ways to Reduce the Cost of College. It offers a dizzying overview of the possibilities for increased efficiency in college operations, both on an individual and collective scale, and serves as a sure retort to the notion that current […]
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How many different ways are there for colleges to cut costs? A lot. At the Center for College Affordability and Productivity, we have identified 25 such ways in a book-length study. In Part 1, focusing on Using Lower Cost Alternatives, released Wednesday, we offered the following 5 suggestions for college and university administrators and public […]
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The Education Department’s boom has finally fallen on for-profit colleges, much-criticized for their high rates of default on their students’ education loans, loans that U.S. taxpayayers have to repay when graduates of proprietary schools can’t find jobs either because the jobs don’t exist or because the training for which the students have paid doesn’t strike […]
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In a recent article for Career College Central, I discuss the negative implications of the Department of Education’s (ED) proposal to alter the gainful employment rule to restrict the amount of money that a student could borrow by program of study and expected entry level occupational earnings. I identified three major flaws with the proposal. […]
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The College Board has issued another of its reports on student loan debt, focusing this time on the 17 percent of students who graduate from four-year colleges with “high debt levels”—that is, more than $30,500 worth of education loans. The average debt load for those high -borrowing students, one out every six graduates with bachelor’s […]
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The New York Times’ “The Choice” blog is running a helpful question and answer series on the Free Application for Federal Student Aid. Take a look if you’re puzzling through the process of filling the thing out.
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Andrew Gillen of the Center for College Affordability and Productivity wrote this note to Charlotte Allen to clarify comments of his in Allen’s article today on student loans: Charlotte, I saw your article on student loans is up at Minding The Campus. I liked it, but at the very end, you have a long quote […]
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