Assessing the REAL Reforms Act: Rethinking Repayment
…intimidating and confusing, so simplification is a great idea. The new IBR program also looks good. IBR is vastly superior to fixed payment plans for student loans since many students…
…intimidating and confusing, so simplification is a great idea. The new IBR program also looks good. IBR is vastly superior to fixed payment plans for student loans since many students…
…by Representatives Virginia Foxx (R-NC), Elise Stefanik, R-NY, and Jim Banks (R-IN). The bill “offers commonsense and fiscally responsible reforms to benefit students and borrowers in our country’s federal student…
…graduate students can borrow at $25,000 and $100,000, respectively. Currently, graduate students can borrow up to $20,500 annually in unsubsidized loans and can borrow an unlimited amount through the Grad…
…Up for Our Nation”] The proposed policy to forgive student loans is another issue on this front. Someone willingly sought a loan and pledged to repay that loan. But the…
…years (typically 30 for mortgages and 10 for student loans). This is not ideal since many students will experience employment volatility early in their career, making paying a fixed amount…
…About Them)”] There are grave consequences for the Biden administration’s loan forgiveness. It will encourage universities to increase their prices, understanding that students can simply turn to federal student loans….
…diversity administrators see to it that these students are coddled and pushed forward as best they can, often with frustrating results for the student. But the “mismatch” of a student…
…Hamilton’s 1,900 students get financial assistance, much of it via Pell grants and federal loans. Given the public’s recent turn against teachers’ unions and academia, if the GOP cannot defund…
…frivolous majors unable to repay crushing student loans. Or the many social justice programs whose purpose is only to provide iffy degrees to academically challenged youngsters who should not have…
…make the colleges cosigners on federal student loans, sharing in the burden if the student defaults? That would not only directly reduce the taxpayer’s burden in the case of loan…
…political cause. [Related: “Student Loans Cost Taxpayers $645 Billion More Than We Were Told”] Misjudging the direction of historical state funding will obviously affect policy decisions regarding future funding, but…
Yesterday, Joe Biden announced a plan to write off $10,000 in student loans for most people who haven’t paid off their student loans — and $20,000 in student loans for…
…forgiving loans could have financed a decade of Pell grants. It will exacerbate the student loan debt problem The ostensible reason forgiveness is needed is because some students have too…
…that outside entities provide virtually no funds. EGCC is merely waiving/writing off all non-Pell/state grant charges on student accounts … Essentially, under this program, students who receive Pell funding are…
…to the 90% side starting in 2023. But there was no loophole to close, and Congress was wrong to require the change. [Related: “Student Loans Cost Taxpayers $645 Billion More…
…limiting deductibility of charitable deductions to colleges for income tax purposes. It might mean colleges must have “skin in the game” regarding excessive student default rates on federal student loans….
Among the debates over federal student loans, two of the most important are: 1) should student loans be used to subsidize college? and 2) are student loans subsidizing college? Should…
…a college’s students to receive federal financial aid like Pell grants or student loans, the college must be accredited. Accreditors themselves must be approved by the Department of Education. So…
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…