Student debt has a bad reputation. It’s under attack from the left, which sees debt as a ball and chain that ruins the lives of young people who had the audacity to seek a decent education. Many on the right share this dim view of student debt but lay the blame at the feet of … Continue reading “When Student Debt Is A Good Thing (And When It’s Not)”
The College Scorecard, a Department of Education initiative that publishes data on student debt and earnings after graduation for thousands of schools, just got a major update. Previously, the Scorecard’s major shortcoming was that it only reported data at the institution level—so we could see how much a typical graduate from the University of North … Continue reading “The Majors that Pay and the Degrees that Don’t for Graduates”
More advanced societies tend to have more educated citizens, which is one reason why politicians of all stripes call for sending more students to college. One country has taken that impulse to its logical extreme—but has found that more is not always better. South Korea has a more educated population than any other country in … Continue reading “Why South Korea Can’t Quit College”
The time-honored American tradition of outlandish political promises continues apace. Now, the spotlight is on student debt. Democratic presidential candidate Elizabeth Warren added to the debate recently when she put forward a proposal to cancel $640 billion worth of federal and private student loans. Warren touts her plan as a way to boost the economy, … Continue reading “Forgiving Student Debt Isn’t the Solution to Anything”
Parent PLUS is not typically the loan program making headlines when student loans are in the news. But over the past several years, it has become a central part of America’s higher-education financing system. Under Parent PLUS, parents can borrow freely—with no limit—from the federal government to support their children’s education. Government programs without significant … Continue reading “Parents, Student Loans, and Government: An Unhealthy Mix”
No one can accuse Education Secretary Betsy DeVos of inaction. Just within the past few weeks, her Department of Education announced the overhaul of two major Obama-era regulations. The next stage of DeVos’ agenda will review several of the rules governing which higher education institutions and programs are eligible for federal funding, with an eye … Continue reading “The Innovation Dilemma Facing Betsy DeVos”