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”
Student loan debt remains a burden for millions of college graduates and dropouts, but the federal government has not yet hit the brakes on its loan engine. Now, it’s becoming a greater problem for parents. A recent analysis by Mark Kantrowitz, a higher education expert who publishes Saving for College and Private Student Loans, noted … Continue reading “PLUS Loans: Subtraction by Addition?”
In 1965, President Lyndon Johnson signed the Higher Education Act into law, inserting the federal government irrevocably into the inner workings of America’s colleges and universities. The bill increased federal money given to universities, provided scholarships, and created the federal student loan system—now a $100 billion yearly enterprise. Since then, the Act has been reauthorized … Continue reading “A Promising Chance at Reform with Congressional Higher Ed Bill”
The Department of Education’s method for awarding college students financial aid has many perverse effects. It contributes to rising tuition, keeps students in the dark about their aid eligibility for too long, gives some colleges unfair special treatment, and does not incentivize colleges to improve. But a small tweak would address those problems: replacing the … Continue reading “How to Stop Student Aid from Driving Up Tuition”
It’s been 30 years since then-Education Secretary William J. Bennett took to the pages of The New York Times to chide colleges for their “greedy” behavior. He decried the negative effect federal student aid seemed to have on tuition, namely, that it allowed universities to raise prices without feeling the consequences of reduced demand or lower-quality … Continue reading “Does the Bennett Hypothesis Still Matter?”
Many Americans are concerned about the rise of university tuition. “The Bennett Hypothesis Turns 30,” a research paper by Jenna A. Robinson, merges findings from 25 empirical studies on the “Bennett Hypothesis”: Reagan-era Education Secretary William J. Bennett’s theory that large amounts of federal student aid drive up the cost of tuition. Executive Summary In 1987, … Continue reading “The Bennett Hypothesis Turns 30”
On December 19, the U.S. Department of Education announced that as of the end of the year, it would no longer allow students to use federal aid money at the Charlotte School of Law (CSL). The reason for this unprecedented move was the decision by the American Bar Association in November to place CSL on … Continue reading “No More Federal Student Aid Money for Charlotte School of Law”