Andrew Gillen is a Research Fellow at the Cato Institute.
I’d like to respond to Peter Sacks’ critique of my new study. Something that I think is lacking from Sacks’ critique is any sort of acknowledgement of what the paper is about. So, for those that haven’t read it yet, here is the basic story of my report…
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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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By Robert Martin and Andrew Gillen A popular notion within the academy is that teaching quality cannot be measured, but this is an article of faith, not a demonstrated fact. Very few institutions have made a systematic effort to measure teaching quality, largely because the faculty is opposed to it and administrators have little incentive […]
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By Andrew Gillen and Robert Martin The annual release of Trends in Student Aid and Trends in College Pricing are big news in the higher education world, and rightly so. Since Department of Education data often take a year or two to become available, these reports provide the earliest and most comprehensive preliminary look at […]
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On paper, accreditation is an amazing system. Among other things, it simultaneously advises colleges on how to improve, enforces a minimum level of quality, provides needed information to policy makers, and protects colleges from government intrusion. It does all this with only a few hundred employees, and a few thousand volunteers. Indeed if accreditation actually […]
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News that student loan debt, at $830 billion, exceeded credit card debt for the first time has sparked renewed interest in the financing of college and its implications for students. Largely ignored in the discussion, however, is the shadow debt, which consists of unorthodox methods of borrowing for college, including home equity loans and lines […]
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