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”
The winds of change have blown through the University of North Carolina System’s Board of Governors in recent years. In a state historically dominated by the Democratic Party, the board is now solely composed of members appointed by a Republican legislative majority. The board diminished in size in the last year—dropping from 32 to 28 … Continue reading “The Chairman of the Board Speaks”
In 1987, U.S. Education Secretary Bill Bennett asserted that increases in federal student aid make it possible for universities to increase tuition. In this presentation, Jenna Robinson will describe her new paper analyzing 30 years of research on that idea, which is now called “The Bennett Hypothesis.” Click here to register. This event is a Shaftesbury … Continue reading “The Bennett Hypothesis Turns 30: How Federal Funding Drives Tuition”
New Year’s Day means a time to take stock of what’s happened on college campuses. Higher education in 2017 had more of students leading campus protests, college administrators struggling to protect free speech for controversial speakers, and some politicians defending academic integrity. Some of those trends have been positive while others are, with any luck, … Continue reading “What to Look For in Higher Ed in 2018”
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?”
Increasingly, the old model of earning a college degree by simply choosing a school, paying cash to cover room, board, and tuition, and graduating within four years (with summers off) is passé. Currently, the average student takes six years to finish college and has about $37,000 in student loan debt. Higher education’s escalating costs and … Continue reading “An Innovative Guide Through the Higher Ed Landscape”
When politicians and Education Department bureaucrats began designing policies to lessen college students’ federal loan burdens, they weren’t concerned much with the cost to the taxpayers. Their imperative was coming up with popular and ostentatious ways of helping indebted students; exactly how much doing so would drain the Treasury was of little consequence. At the … Continue reading “Student Loan Forgiveness: Uncle Sam’s Generosity Will Cost Much More than Previously Estimated”
It was a bad idea for the federal government ever to get into the business of financing college with its various grants and loans, but at least in the old days, most of the money loaned was eventually repaid. Now that the overselling of higher education has boiled over, politicians are eager to show their … Continue reading “The Burden of Uncle Sam’s “Generosity” Towards College Students”
Seemingly, nothing now stands between Hillary Clinton and the Democratic nomination, so it’s worth looking anew at her proposals regarding higher education. Back in May, Professor Gary Wolfram critiqued the ideas Clinton had been pushing, but recently she advanced some new proposals that go beyond her earlier ones. During her primary fight with Senator Bernie … Continue reading “Hillary Clinton’s New College “Reforms””
Turning government generosity into scams: Income-Based Repayment and Public Service Loan Forgiveness