Bad News on Student Defaults
The Department of Education released new information about student loan defaults yesterday, and it isn’t pretty. A dismaying 10 percent of student borrowers are now defaulting on their student loans…
The Department of Education released new information about student loan defaults yesterday, and it isn’t pretty. A dismaying 10 percent of student borrowers are now defaulting on their student loans…
…and at the expense of their students, at this link. Increasing numbers of students are now defaulting on student loans, and student loan debt now exceeds a trillion dollars. s….
…a steady supply of federal money (in the form of student loans and grants) has allowed institutions to push tuition prices higher. Matthews interprets multiple reports on the subject over…
…Grant students, but Pell Grant students are the ones most vulnerable to never completing a degree. If the new federal college rankings system is built upon successful outcomes, what incentives…
…hopes to have this system online by 2015 and use it to distribute differential student aid levels by 2018. Students attending colleges with more low-income students, lower tuition and debt…
After weeks of squabbling on whether rates on federally subsidized Stafford loans would be tied to market-based interest rates or not, President Obama signed the long-awaited student loan interest rate…
…one possible approach: bar any school from access to federal student financial aid where the default rate on federal student loans exceeds the six-year graduation rate. It turns out there…
Last week George Leef argued that my recent case for income contingent lending (ICL), a type of student loan where the monthly payment is a function of the student’s income,…
…debt. The problem is that today’s colleges have no skin in the game when pushing students into cheap government loans. They get paid even if the student defaults. The solution…
…that students should wrestle with the obdurate materials of human excellence and folly. Mass education throws its emphasis on credentialing students for productive and prosperous careers. The humanities occasionally lend…
…tag attached to it and student loans are presently $690 billion (roughly $25,000 per student). By contrast in 1970 Pell grants didn’t exist and student loans in the aggregate were…
…decade, have no collateral pledged, and result in a 13.4% default within three years. Why anybody would think discount-window loans and student loans should have the same interest rate has…
…the Atlantic pointed out, do wonders to attract more of the same students. Furthermore, when they do accept low-income students, many fairly prestigious colleges are comfortable loading up students with…
…universities that, when all is said and done, are still largely controlled by state legislatures. As for tuition increases and student loans – those two sources of revenue long ago…
…promising to alter the terms of their student loans in exchange for their vote?). Still, social conservatism is anathema to most youths, and we’re likely to see more “Julia”-like videos…
…sources of subsidy income: state government institutional subsidies; federal government grants, especially for research; governmental (mostly federal) student financial assistance; gifts by private individuals to universities; and endowment incomes. There…
…rare example of an NYU administrator whose lavish housing is not subsidized by NYU, which has handed out so many questionable loans–$72 million to 168 people. However, it does raise…
…rights of their fellow students. Not every student must be fully educated on the First Amendment. In our experience, even a single student with knowledge of free speech and the…
…those loans at a much higher rate than students in either public or private nonprofit institutions. In 2008, 25 percent of students at for-profit colleges defaulted on their loans…
Another day, and another awful consequence of our student debt problem has come to light. The New York Fed just released data showing that growing levels of student debt have…
…old woman can be made responsible for her now-deceased husband’s loans. Since adults over the age of 40 are taking on private loans in increasing numbers, we can imagine that…
…of $25,000 per student. By extension, then, taking out student loans for school is usually worth it, right? Sometimes. But there are a few caveats to this claim. Shea is…
…$17.8 million in federal loans). In contrast, none of the students who participated in my MOOC -not the 50,000 who watched the video lectures, the 20,000 who took the quizzes,…
…by extracting the greatest revenue possible from each student, priced individually. Some students pay relatively low net prices and others pay much higher net prices, depending on the student’s academic…
…his solution — reducing aid for middle-class students to double the maximum Pell Grant award for poorer students– evinces an incomplete understanding of the problem. Higher education is expensive in…
…the form of grants or loans. According to the evidence, students are far more sensitive to changes in grant amounts than they are to changes in loans, work-study, or other…
…federally-backed student loans continued to cover the cost of student housing amidst the financial crisis. As developers try to minimize their risk during our sluggish recovery, student dorms represent a…
…available during that period would be only 1,130,000. The Wide-ranging Consequences of Unpaid Student Loans A third of the graduates of four-year colleges have no student loans to…
…about student debt. It is the financial background of the students attending these institutions that matter more. Indeed, the group of students with the most debt and worst default rates–students…
…President Obama’s call for additional student aid, Washington’s support for higher education is bound to wane in this period of economic exigency. Student aid is a dicey proposition organized by…