The Income Based Repayment (IBR) program, which took effect in 2009, is designed to lighten the student-loan burden for some students. The basic idea is to limit monthly payments to less than 15% of disposable income. If a student makes these payments for 25 years, any remaining balance is forgiven, meaning that taxpayers essentially pay […]
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Columnist Mike Adams has some fun today with the strange decision of his college, the University of North Carolina, Wilmington, to lump together two serious academic departments (because of a shortage of funding) while once again expanding the campus diversity bureaucracy (for which no funding shortage ever seems to appear). As Adams figures it, the university […]
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