Until recently, much talk about student loans was fact-free: There simply weren’t publicly available figures worth paying attention to. The official balance of student loans from the NY Fed were unreliable: There was a bucket of random obligations called “Miscellaneous”, which included things like utility bills, child support, and alimony. And it turns out that […]
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At Bloomberg News, Virginia Postrel writes about how federal subsidies intended to make college more affordable have instead encouraged rapidly rising tuitions, in a column entitled, “U.S. Universities Feast on Federal Student Aid.” Education analyst Neal McCluskey links to four studies showing that increased government spending on student aid results in large tuition increases. As […]
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An elephant in the room that universities avoid is how their system is rigged to serve the rich over the poor. An October study by the American Enterprise Institute (AEI) entitled “Cheap for Whom?” showed one way that the university system is rigged in favor of the rich. It said: “Average taxpayers provide more in subsidies […]
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Megan McArdle of the Atlantic, with a few strokes of her blog pen, has just solved the problem of too much student debt and the college affordability dilemma — all while ensuring access to higher education for those who truly deserve it. That is, for folks like herself. First, bowing to the widely circulated claim […]
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