Saturday, August 9, 2014
Wednesday, July 30, 2014
Saturday, April 5, 2014
This article (link at end of post) does an amazing job of highlighting the problems with parental PLUS loans. Kudos to Rachel Fishman at New America Foundation for nailing this topic so well.
This vignette, which Fishman draws from a piece advocating the loosening of credit standards on PLUS loans, is supposed to create outrage that this parent was denied a PLUS loan:
"Kristina, a senior English major at Claflin University, needed a $10,770 Parent PLUS Loan to finish her senior year; her request was denied. Her single father is doing his best, but he has only a high school education and seven other children to support. Like so many HBCU students, Kristina is looking toward a career of service after graduation, as an officer in the U.S. Air Force."
A single father with only a HS education and 7 kids should take out a loan that is not dischargeable in bankruptcy so his kid can finish college? That's insane.
The solution here is an income-contingent loan for the student whose prospects are so bright - not to place Kristina's dad and six siblings in economic peril.
Tuesday, February 18, 2014
Cross-posted from the Hamilton Project blog:
Saturday, December 14, 2013
Girls have now caught up with boys on math and science in many tests, including the PISA, which was released last week. At least one article pointed out that, in the US, there is no longer a gender gap in math and science scores.
I saw no articles on a much more striking result: girls' advantage on reading scores is absolutely enormous. This gender gap is much, much larger than the math gap was ten years ago.
When do we get a Ken doll whining "Literacy is hard?" Will pundits soon enlighten us as to why boys are intrinsically unmotivated to read?
Tuesday, October 29, 2013
On October 21, The Hamilton Project hosted a forum on the evolving role of higher education in American society. At the forum, Susan Dynarski presented a paper titled "Loans for Educational Opportunity: Making Borrowing Work for Today's Students," which served as the focus of a roundtable discussion. The paper was co-authored by Education Policy Initiative postdoctoral research fellow Daniel Kreisman.
Dynarski and Kreisman propose a single, income-based loan repayment system that automatically deducts payments from borrowers' paychecks to replace the current array of repayment options. Dynarski emphasized that the U.S. currently has "not a debt crisis, but a repayment crisis," stating:
"We have a repayment crisis because student loans are due when borrowers have the least capacity to pay. It often takes years for college graduates to settle into a steady, high-paying job that reflects the value of their education."
Dynarski and Kreisman's proposal was one of three papers released by The Hamilton Project suggesting major changes to the financial aid system. Their work received coverage in The New York Times, The Chronicle of Higher Education and Inside Higher Education.
Thursday, October 17, 2013