An elephant in the room that universities avoid is how their system is rigged to serve the rich over the poor. An October study by the American Enterprise Institute (AEI) entitled “Cheap for Whom?” showed one way that the university system is rigged in favor of the rich. It said: “Average taxpayers provide more in subsidies […]
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A new report on higher education from the American Enterprise Institute, out today, contains an eye-catching finding likely to generate a lot of headlines: the more selective a school is, and the fewer low-income students it serves, the larger its taxpayer subsidy. Calling this system of funding “perverse,” the report says: “Average taxpayers provide more […]
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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 graduates of proprietary schools can’t find jobs either because the jobs don’t exist or because the training for which the students have paid doesn’t strike […]
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In a recent article for Career College Central, I discuss the negative implications of the Department of Education’s (ED) proposal to alter the gainful employment rule to restrict the amount of money that a student could borrow by program of study and expected entry level occupational earnings. I identified three major flaws with the proposal. […]
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