The One Trillion Dollar Misunderstanding
…federal student loans will continue to grow. This pessimistic prognosis for student loans rests on the assumption that loans were often given to the wrong students for the wrong reasons…
Search Results for: student loans
Why Harvard and Yale Had to Merge
…created this timeline: May 28, 2010. “Your Money” columnist Ron Lieber interviews Cortney Munna, a graduate of New York University who owes $97,000 in student loans and works for a photographer earning $22 an hour….
Why Do the Big Donors Give?
…to the University of Chicago that would replace student loans with grants; $10 million in 2006 to fund scholarships at the University of Pennsylvania’s law school from Robert Toll, CEO…
College Presidents–Do They Make Too Much Money?
…budgets are paid for by student fees. In short, the torrent of third-party payments to universities, most recently indirectly in the form of massive so-called student financial aid (which ultimately…
Highly Stressed Students and the Aimless Curriculum
…college students, as they look at their loans and wonder if there will be a career waiting for them on the other side.” Denise Hayes, the president of the Association…
A For-Profit University You Can Root For
…technology), and the average age of its students is 39. Ninety percent of them are working and pursuing their degrees part-time. With a mature, motivated population of students who have…
Why Are There So Many Law Schools?
…home mortgages, meaningful student loan reform has failed to keep pace. The true impact and depth of the student disappointment has not yet been fully appreciated because student loans which…
A Terrible Time for New Ph.D.s
…worth of student loans on a $29,000-a-year dental assistant’s starting salary have led to proposed rules from the Obama administration that would strictly limit the amounts that many students at…
Students ‘Adrift’? Don’t Blame Them
…35 percent of first-year community college students who don’t return for their second year, or the 33 percent of students at four-year institutions who don’t complete a bachelor’s degree within…
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…
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…