Republicans are Pushing for the Wrong Student Loan Reform
As student loan debt has grown (currently more than $1.6 trillion in federal loans), it has gotten more attention from the public and Washington. Progressives are pushing for free college…
As student loan debt has grown (currently more than $1.6 trillion in federal loans), it has gotten more attention from the public and Washington. Progressives are pushing for free college…
…find discrimination against black students in college admissions despite initial gains: The percentage of Black college students has risen in the past 50 years, but it has fallen recently. The…
…whole experience will be one more argument to get the government out of the student lending business and transition to market-based student loans instead. Image: The White House, Public Domain…
…student loan borrowers by “redoubl[ing]” its efforts, particularly to help “low-income borrowers and Black Americans, who rely more heavily on student loans due to a host of financial inequities.” The…
…fifteen years from his death. He assigned me a topic and published my essay as, “Those Scandalous Student Loans.” Plainly, I haven’t wandered very far from that seedling, but neither…
…loophole that allows universal forgiveness without congressional approval, it would not apply to the vast majority of current student loans. All student loans since 2010 have been made under the…
Editor’s Note: The following is an excerpt from The Problems with Student Loan Forgiveness, a new report from the Texas Public Policy Foundation that argues against universal and complete student…
…the scientific frontier (e.g., National Science Foundation grants). In contrast, because the presumption is that student loans will be repaid by the borrower, virtually anyone can get a student loan,…
…could be used for more pressing needs. Current and former students owe $1.6 trillion in federal student loans. Spending $1.6 trillion to forgive their loans will reduce the funding available…
…students expect additional rounds of forgiveness. Beth Akers walks us through the likely response of current and future students: Suppose we wiped away all student debt today. What would it…
…take out student loans. In fact, most undergraduate students do not take out student loans—63% to 74% depending on the year (College Board, 2021, p. 40). And of the students…
Accreditors serve as key gatekeepers in higher education. Without accreditation, a college’s students are not eligible to receive federal financial aid such as Pell grants and federal student loans. This…
…student loans tend to be people with high incomes, like lawyers and doctors. Most people can afford to make payments on their student loans, because the unemployment rate is only…
…defense allows students to receive debt forgiveness for some or all of their federal student loans if they can prove that their universities engaged in fraudulent activity. The Education Department…
…student. Is this really how we’ve decided to allocate scarce taxpayer dollars? Second, undergraduate students cannot borrow more than $31,000 for dependent students, and $57,500 for independent students. For a…
…we compare the black and Latino student scores to those in the Success Academy (SA) charter school system. SA schools take students from the same communities as the district schools….
…with four key characteristics of an ideal student lending system. 1. Student loans should have income contingent repayment The first key characteristic of an ideal student loan system is that…
…are the massive windfalls that many PSLF recipients enjoy. Consider a disadvantaged student from a low-income home. Since the 1970s, we’ve used Pell grants to help such students attend college….
…Graduate Students Association, the World Islamic & Middle Eastern Studies Association, the Black Students Network, the Muslim Students Association, Students in Solidarity for Palestinian Human Rights, and the Thaqalayn Muslim…
…to pay the federal loans after they leave. As Columbia graduate student James Stoteraux notes, “There were 55 students in my incoming class at Columbia’s MFA Film program. Only 4…
…submit to the accreditation ordeal because they must in order to receive federal funds such as research grants, student loans, and Pell grants. The costs of accreditation, data-reporting mandates and…
…of college including student loans is closer to $300,000). And for the past few years, students have been able to find the average salary among a college’s graduates. This earlier…
…education in the service of students, parents, and federal, state, and local governments. Without accreditation, students and schools are ineligible for government-supported funding, including student loans and grants. With few…
…took the wrong approach. On the bright side, for students, the act provided a reasonable form of assistance by waiving interest for most student loans until October and allowing students…
…program-level basis. [Five Reasons Why Student Loans Are a Looming Disaster] The MCOC tames the Bennett Hypothesis because when a college raises tuition by $1, it doesn’t change the aid…
…not have written this book if it were not for the federal college student financial assistance programs, especially student loans. The New York Federal Reserve and others have solidly demonstrated…
Skin in the game for student loans, the idea that colleges should face financial consequence when their students default, is gaining momentum in policy discussions. After all, when students take…
…in recent years, students “spent 50% less time studying compared with students a few decades ago.” The National Assessment of Adult Literacy also shows that degree holders are learning less….
…Student Loans Are a Looming Disaster] Particularly culpable is the federal student loan program, which was originally intended to improve access to college among students facing financial constraints. In 1987,…
…students have paid for essentially worthless college degrees with federal grants and loans. And because the accreditation system is costly – schools must devote a lot of time to preparing…