…government-sponsored cartel (accreditation, professional certification requirements plus student loans), it considers itself exempt from outside pressures. The result has been the removal of civics from curricula and capture by a…
…whose graduates are often unemployed. It does so even though many of their graduates will never pay back their student loans because of their low graduating salaries, and the huge…
…1972, almost all colleges and universities had become addicted to the money flowing in from those loans. The loans officially went to the students, but the dollars went to the…
…the government actively encourages students to take on unnecessary debt. Prompt students to think carefully about their college choices by favoring loans that go towards programs that meet national needs…
…is accredited, they won’t be to use any of that federal grant and loan money to pay for it. So great numbers of students get their Pell grants, federal loans,…
…1960s student protesters is that the context has changed. Then as now, students, short on experience, are often unable to distinguish between considered political perspectives and their emotion-laden ideologies. But…
…tells the student that he or she has overdue student loans, unpaid taxes or outstanding parking tickets and threatens him or her with arrest or failure to graduate, unless they…
…such Federal PLUS loans. Nor does “typical” mean typical. $13,854 is a median figure, and only 20 percent of Haverford students receive federal loans. So it is not surprising that…
…questionable services. Without the carrot of easy access to student loans, enrollments would shrink. Universities would be forced to compete on a cost-per-student basis, and those students still paying to…
…off student loans or worried about the costs of taking them on. She says that her proposal will enable most students to meet college expenses without taking on loans, a…
…the 2000s we created a federal graduate student-loan program that allows, again, graduate students to borrow up to the cost of attendance unlimited amounts. If you continue to enroll in…
…Federal Reserve Bank of New York has found that the massive investment in grants and student loans by the federal government is a major contributor to the unbridled growth in…
…noting a few points on the purported virtues of defaulting on student loans. First, Siegel seems to give the impression he was already under a substantial debt burden “by the…
Writing in The New York Times, Lee Siegel encourages students to follow his example and default on their student loans. The four biggest problems with his piece are: Siegel is…
…1990s, fewer than half of students needed loans before they could walk across the stage to receive their diplomas. These loans averaged below $10,000 in constant dollars, which is about…
…as well as student funds like Pell grants and Stafford loans. Virtually every college in the U.S. gets federal funding from at least one of these sources—indeed, FIRE knows of…
…He then compares these measures against the actual performance of graduates from each school based on mid-career earnings levels, the value of job skills, and ability to repay student loans.”…
…rule rather than the exception. That prompts the question: what value are these students actually gaining for their mortgaging of their financial futures? Better yet, considering that student loans primarily…
Stop giving every student a loan. That’s Megan McArdle’s advice on Bloomberg View. Talking about accredited four-year schools as well as for-profit colleges, she says: “…stop making the loans directly,…
…a Washington Post article yesterday. Let me add to her observations from my vantage point as a professor of political science for over thirty-five years. I’ve been watching students apply…
The average student-loan debt is approaching $30,000. That is to say, of the 70 percent of college students who borrow to pay all or some of their college expenses, the…
…be in the student loan business –not as lender, contractor of service provision, or subsidizer. Until government withdraws from this market, expect to continue hearing horror stories of students marred…
…from this: First, this new deficit doesn’t even strike me, or most observers, as all that dramatic. The government has nearly $750 billion dollars on its books in student loans,…
These days, Americans are talking a lot about underinflated footballs and overinflated student debt loads. In the latter camp you’ll find the president of Purdue University (and former governor of…
…to give their students the best opportunities to succeed later in life. Universities fail their students if, through divestment, they force students to take on additional loans and increase their…
…keep up with the installments due on their student loans. Why can’t graduates of four-year colleges find good jobs? An obvious explanation for college graduates getting dead-end jobs or no…
…to earn enough to pay their student loans without severe difficulty. Will the proposed rule (945 pages long!) solve this problem by cutting off schools from eligibility for federal student…
…that function like concierges to fend off dreaded student boredom, and so forth. Students actually do show that most students who choose a residential private college do so with these…
The Consumer Financial Protection Bureau’s Student Loan Ombudsman has just released his annual report on private student loans. The data in the report suggests that an epidemic of non-repayment is…
…to accommodate the throngs of degree seekers, who were aided by federal student loan programs. Going to law school both delayed the need to start repaying undergraduate loans and appeared…