Dealing with the For-Profits
…Department statistics indicate that 46 percent of outstanding loans to students enrolled at for-profits will ultimately go into default, in contrast to 16 percent of student loans overall), but there…
Search Results for: student loans
Could the Feds Tell College Students What to Do?
…significantly reduced. – Federal loans to students in non-STEM fields could be issued at higher interest rates than loans in STEM fields. – Students with demonstrated ability in STEM fields…
Let’s Change the Student Loan Program
…If loans require good grades, good academic aptitude scores, and other clues to students’ ability to repay their loans, students would most likely choose to behave more studiously because not…
College for the Intellectually Disabled
…government is poised to dump large amounts of taxpayer money into them. In 2008 Congress extended federally guaranteed loans and Pell grants for low-income students to intellectually disabled students enrolled…
The Amazing College Debt Bubble
Teaching One Student Costs Only $1,456 A Year?
News that student loan debt, at $830 billion, exceeded credit card debt for the first time has sparked renewed interest in the financing of college and its implications for students….
An Open Letter to New Professors
…that after doing it for a few years you will become frustrated if not disillusioned or burnt out. Most college students believe that education is an entitlement and only care…
Why Remediation in College Doesn’t Work
…be made for continuing student grants without academic prerequisites than student loans. Grants do not present the same dangers either to students or to the economy as do loans; they…
The Mess of Mandatory Volunteerism
…image of undergraduates, part-time, older and low-income students make up a large portion of today’s college students….Working students, particularly those with families, have very little free time. Requiring community service…
Those Accountability Rules for Student Loans
…federal loans two years after entering repayment), there is little incentive for colleges and universities to pay much attention to what happens to their students, and their loans, after they…
Government Meddling and For-Profit Colleges
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…
The Short-Selling of For-Profit Education
…for-profit sector (the department has been considering severe restrictions on federal loans to career-college students that would peg total debt to the average entry-level earnings in the job for which…
White Men Don’t Go to Ed School
…enter college in the first place, you probably want to enter a profession that will enable you to pay off your student loans relatively quickly. Furthermore, many ed schools seem…
”Too Big to Fail” Goes to College
…whether these improvements are really worth it to student-customers. Ultimately, however, students foot the bill for these flights of fancy: they are required to repay their loans. And, their ability…
Another Pitfall for Student Loans
…demands by exerting what amounts to government price controls. A better solution to protect the interests of both students and taxpayers would be to ensure that colleges provide prospective students…
Race and Ethnicity in Student Borrowing
…debt levels among the poorest students, but those students might also have chosen to attend less expensive institutions. For example, only seven percent of students from very poor families who…
What Is For-Profit Education Really Like?
…“educational entrepreneur” without a college degree who buys up struggling colleges and resurrects them as for-profit companies. Clifford is not only making a fortune off of low-income minority students. He…
Banks Are Bad Things—Don’t We All Know That?
…Dimon’s leadership JPMorgan started selling off its sub-prime portfolio—mortgages, credit cards, auto loans, and home equity loans involving high-risk borrowers—as early as the fall of 2006, when few other institutions…
Banks Are Bad Things—Don’t We All Know That?
…Dimon’s leadership JPMorgan started selling off its sub-prime portfolio—mortgages, credit cards, auto loans, and home equity loans involving high-risk borrowers—as early as the fall of 2006, when few other institutions…
On Pigeons, Pells and Student Incentives
…the student, indicating the extent of parental financial responsibility, how much the student is expected to earn during the summer, and how much the student is eligible for in grants…
Dartmouth Turns on a Dime
…open positions will cut the College payroll by around 350. On the income side of the ledger, Kim has eliminated full student grants for students whose families make more than…
Alas, the Feds Take Over Student Loans
…federal student loans, against the wishes of millions of users, against many colleges whose tuition fees necessitate the loans, and, most shamefully, against the wishes of probably a majority of…
A University With No Students?
…on student loans, ballooning to 42 percent at one point, the dismal academic performance of its students, who could not pass licensing tests for the professions for which they trained,…
Why The Student Protesters Are Wrong
…below-market rate loans available to every student, regardless of need or credit-worthiness, the government has created the equivalent of a sub-prime student loan market. The widespread availability of cheap loans…
Those Disastrous Student Loans
…in U.S. History—and How We Can Fight Back (Beacon Press) and founder of the website studentloanjustice.org, dedicated to, among other things restoring the bankruptcy protection for student loans that Congress…
Should Pell Grants Be Entitlements?
…banks and other institutions such as Sallie Mae make loans to students that are in turn guaranteed and in some cases interest-subsidized by the government. Under Obama’s plan all students…
Goofing Off At College
…for many students are better labeled “partying abroad.” About 160,000 American students participate in these study-abroad programs every academic year. Originally intended to provide opportunities for students with a serious…
The Failure Of For-Profit Schools
…to 4 percent for students at four-year non-profits and 10 percent for students at community colleges. Within three years, a full 21 percent of students at for-profits have defaulted on…
Does U.S. News Make Law Schools More Expensive?
…part by such cost-related factors as per student expenditure, student-faculty ratio, and library resources, (2) schools offer clinics and diverse elective courses to compete for students and (3) schools may…
A Clarification
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…
Waste And Folly In Student Loans
…loans both subsidized and unsubsidized. As is the practice with many other types of loans such as home mortgages, banks typically sell student loans, after a year of “seasoning” via…