Day: October 26, 2011

The IBR Student Loan Repayment Scheme is a Disaster

The Income Based Repayment (IBR) program, which took effect in 2009, is designed to lighten the student-loan burden for some students. The basic idea is to limit monthly payments to less than 15% of disposable income. If a student makes these payments for 25 years, any remaining balance is forgiven, meaning that taxpayers essentially pay […]

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Yes, We’re Broke, But Leave the Diversity Machine Alone

Columnist Mike Adams has some fun today with the strange decision of his college, the University of North Carolina, Wilmington, to lump together two serious academic departments (because of a shortage of funding) while once again expanding the campus diversity bureaucracy (for which no funding shortage ever seems to appear). As Adams figures it, the university […]

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