When they were strengthening collection of students loans through what the New York Times characterizes as “ruthless tactics”. (See today’s NY Times article http://www.nytimes.com/2014/01/02/us/loan-monitor-is-accused-of-ruthless-tactics-on-student-debt.html?pagewanted=1&_r=1&ref=us) Here was my response, “The former Department of Education official “…thought we were doing God’s work…” when they were strengthening collection of money from students, many of whom had paid that […]
Former Dep’t. of Education official “…thought we were doing God’s work…” when they were WHAT?
January 3, 2014 by
Wall Street Journal’s David Wessel Supports Plan for College Loan Solution.
November 8, 2013 by
But I think we need to ensure the product is worth it first. It seems to me that it is a little like the mortgage crisis. You have to start by making sure the house is in good shape, and appropriate for the buyer. The article is here http://online.wsj.com/news/articles/SB10001424052702304672404579181632945326834 I posted two comments on the […]
Obama Administration Proposes to Make Colleges More Affordable and Accountable
August 22, 2013 by
The Obama Administration will “…announce a set of ambitious proposals…” today, according to an article in today’s New York Times. http://www.nytimes.com/2013/08/22/education/obamas-plan-aims-to-lower-cost-of-college.html?pagewanted=1&ref=tamarlewin Here is my view, which I put in a comment to the article. “No one could have addressed the need for government regulation than did David Riesman, our deepest thinker ever on higher education. […]
Follow the Money
August 6, 2013 by
Good article about student loan defaults. http://online.wsj.com/article/SB10001424127887323420604578650420166447266.html?mod=WSJ_article_comments#articleTabs%3Dcomments About 22% of those not in school are either in default or forbearance. Even in a bad economy, that is a big number. Here is what I think it says (posted as a comment on the article). “As a former professor, my advice is, follow the money. Ask […]
Oregon College Funding Plan May Have Potential
July 3, 2013 by
Instead of paying tuition, students will pay into a fund after graduation. The plan is reported in today’s Wall Street Journa. http://online.wsj.com/article/SB10001424127887324251504578582101593420808.html?mod=ITP_pageone_1#articleTabs%3Dcomments As I wrote in a comment, it has the potential for improving education. “If everything goes right, this could be a move in the direction of holding schools accountable to both individuals and […]
Not a Bad Life For Students With Time on Their Hands
June 14, 2013 by
See the interesting “student housing” article in the NYTimes, http://www.nytimes.com/2013/06/15/us/in-luxury-student-housing-gym-tan-and-study.html?pagewanted=1&ref=us#postcomment My Comment: Hey, the kids have got to do something with their time. The amount of outside study that we professors require for even good grades has more than halved over the years. (See the great book “Academically Adrift” for the details.) Not giving the […]
“How Colleges Are Selling Out the Poor to Court the Rich” by Jordan Weissmann in The Atlantic
May 13, 2013 by
The study Jordan referrs to is interesting. It can be found at http://newamerica.net/sites/newamerica.net/files/policydocs/Merit_Aid%20Final.pdf The link to Jordan’s article is http://www.theatlantic.com/business/archive/2013/05/how-colleges-are-selling-out-the-poor-to-court-the-rich/275725/ Here is a copy of my comment, a response to it, and my reply: (If you are a regular reader of this blog, there is not much new here, but the study (referred to above) […]
Good Short Article in The Atlantic with Informative Table.
Here is the link to the article http://www.theatlantic.com/business/archive/2013/09/americas-wasteful-higher-education-spending-in-a-chart/280130/#comments Here is my comment: “Just read what Bill Gross, the billionare bond investor of Pimco wrote: “…Universities are run for the benefit of the adult establishment, both politically and financially, not students. To radically change the system and to question the sanctity of a college education would […]