In an article titled NYU Is Top-Ranked – In Loans That Alumni and Parents Struggle to Pay, Wall Street Journal reporters Melissa Korn and Andrea Fuller open with a story about an NYU public health school graduate who borrowed $131,000 and sold her biological eggs to a fertility clinic for $50,000 to cover her tuition and expenses.
Cost of a Degree
Recently, I read a tweet about the Foundation for Research on Equal Opportunity (FREOPP) report titled “Is College Worth It?” I eagerly followed the link to read the report authored by Preston Cooper. Sadly, I was disappointed.
It’s hard to avoid reading about the U.S. college student loan system (the programs that are collectively organized under the Federal Student Aid or FSA system). There are Democrats in Congress who want President Biden to unilaterally cancel student loans, up to $50,000 per individual.
In my last article, I reviewed recommendations for instructional spending policies from The Century Foundation, Third Way and Connecticut Democrat senator Chris Murphy. For this article, I will discuss the Veterans Education Project white paper, referenced in a recent Inside Higher Ed article about the limits of instructional spending tests for college accountability.
Alexis Gravely’s recent Inside Higher Ed article, “The Debate Over Instructional Spending Policies,” reports on a Veterans Education Project white paper detailing the limitations of instructional spending tests for college accountability.
Last week, I read an EdSurge article about some colleges providing free textbooks to students. EdSurge reporter Nadia Tamez-Robledo wrote that undergrads spent an average of $1,240 for textbooks during the 2020-2021 school year. The number was $220 higher for students attending two-year colleges.
A recent trip to a dentist generated a discussion about my blog and articles that I wrote about the high cost of medical school and law school. The dentist asked me if I had looked at the amount of debt that dentists incur for dental school. He said that the amounts that recent dental school graduates borrow are outrageous.
When I heard about Josh Mitchell’s soon-to-be-published book about college student debt, "The Debt Trap: How Student Loans Became a National Catastrophe," I pre-ordered a copy. Recently, I read an excerpt from the book in The Atlantic and wrote about it. His book arrived yesterday and like the excerpt, I could not put it down until I had finished reading it.
Wall Street Journal reporter Josh Mitchell has an excerpt from his upcoming book, "The Debt Trap: How Student Loans Became a National Catastrophe," in this week’s The Atlantic.
It’s important to have affordable college options. It’s equally important for everyone who’s capable of completing college to be able to attend college. It’s also natural based on the first two sentences to ask, “What should college tuition cost?”