Source: Why Students With Smallest Debts Have the Larger Problem – The New York Times Everyone seems to be looking everywhere but right in front of their nose. By that, I don’t mean that every problem isn’t important, I just mean that there is an elephant in the room that most people are ignoring. Here […]
More on Student Debt
August 20, 2015 by
Americans are rapidly enrolling in programs to relieve student debt, a development the Obama administration credited for a decline in borrower defaults but also raises the risk of leaving taxpayers to cover a large share of loans. Source: Enrollment in Student-Debt Relief Plans Surges – WSJ I commented. When is everyone going to get it? […]
Grad-School Loan Binge Fans Debt Worries (It’s Just Another Symptom of the Real Problem – Corrupted Values in Higher Ed)
August 19, 2015 by
Graduate students represent just 14% of students in higher education but account for about 40% of the $1.19 trillion in student debt. Many seek government-loan forgiveness. Source: Grad-School Loan Binge Fans Debt Worries – WSJ Here is my comment “..’What we’re doing is randomly subsidizing lots of people without careful thought,’ says Sandy Baum…” Wrong. […]
So Are the Ramifications of Not Getting What You Paid For
June 13, 2015 by
The ramifications of defaulting and remaining in debt deliberately are usually real and lasting. Source: Taking On Student Debt, and Refusing to Pay – NYTimes.com I commented. You write that “…the ramifications of defaulting and remaining in debt deliberately are usually real and lasting…” True, but there is something much worse: the ramifications of colleges […]
“Student Loans and Defaults: The Facts – NYTimes.com” My View: Anyway you Slice it, or Dice it, It’s Too Commonly a Shakedown
June 12, 2015 by
“…Graduate students borrow a lot more than undergraduates…” Source: Student Loans and Defaults: The Facts – NYTimes.com I commented. A more descriptive statement than “…borrowing is highest among the minority of college students who go on for graduate study..” is:Borrowing is highest among two groups of students: those who realize that they were scammed and […]
Bankruptcy Trustees Claw Back College Tuition
May 6, 2015 by
trustees can sue to take back money…if a trustee finds that the person didn’t get “reasonably equivalent value” for that expense.. Source: Bankruptcy Trustees Claw Back College Tuition Paid for Filers’ Kids – WSJ, I find this article very interesting, especially the fact that many schools don’t fight the suit.
Why So Few Online Courses? Quotes From “The Economist” 3/28/2015 Edition on Universities
“…Since the value of a degree from a selective institution depends on its scarcity, good universities have little incentive to produce more graduates..” (From <http://www.economist.com/news/leaders/21647285-more-and-more-money-being-spent-higher-education-too-little-known-about-whether-it>) which may be why, even though “…Technology offers the promise of making education both cheaper and more effective, but universities resist adopting it…” (From <http://www.economist.com/news/special-report/21646985-american-model-higher-education-spreading-it-good-producing-excellence>)