Andrew Gillen is a Research Fellow at the Cato Institute.
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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