Peter Wood is president of the National Association of Scholars and author of “1620: A Critical Response to the 1619 Project.”
A few weeks ago, I alerted readers to the threat of a tightening of the student loan market . Banks have been bundling student loans, like home mortgages, and selling them as securities. First Marblehead Corporation in Boston has been the nation’s biggest player in “securitizing” student loans, and just like home mortgage-backed securities, the […]
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Last week, First Marblehead Corporation, a Boston-based company, saw its stock plummet after cutting its dividend. The problem? First Marblehead is in the business of “securitizing” student loans. A year ago, this would have required some explanation, but the sub-prime mortgage mess has taught Americans – and people all over the world – the meaning […]
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President Bush just signed into law the College Cost Reduction and Access Act, passed by both houses of Congress on September 7. CCRAA – think of a crow signaling to his buddies that dinner is served – comes with the tag line, “The largest investment in higher education since the GI Bill – at no […]
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The New York Times has headlined yet another scandal in higher education: colleges and sometimes individual college officials have been receiving generous “incentives” to steer students into particular study abroad programs. The incentives include financial bounties and free trips abroad for the officials. As the Times points out, the self-dealing by college officials in these […]
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An epithet scrawled on a door, a brawl outside a football game, an ill-chosen costume for a Halloween party – over the course of the academic year, college campuses are bound to have incidents of racial friction. Some of them are indeed displays of outright bigotry. And when they occur, the diversity brigade is ready […]
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Antioch is no more. The venerable college is closing its doors this fall. Antioch University – which has other operations – will continue, but its flagship college is finished. Its namesake, the ancient city in Turkey, had its ups and downs too, after it was founded by one of Alexander the Great’s generals. Earthquakes, invasions, […]
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In mid-January, a brief item appeared on an inside page of The New York Times, headlined “Student Lender Investigated.” The five sentence article noted that the New York Attorney General’s office was looking into “student loan marketing” by Sallie Mae, “the nation’s largest lender to students.” Attorney General Cuomo had requested information about “preferred lender […]
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