In an opinion piece published in Newsweek last week, Ms. Neetu Arnold wrote that the federal student loan system isn’t worth it for students or taxpayers. Ms. Arnold notes that President Biden has not provided for debt forgiveness of student loans in the latest White House budget proposal, despite promising to do so when he was campaigning for President. Subsequent to the publication of her opinion piece, the Department of Education announced on June 16 that it was going to forgive $500 million in loans for 18,000 former students of the ITT Technical Institute.
Cost of a Degree
The State Higher Education Executive Officers Association (SHEEO) has collected data on state support for higher education for more than 10 years. The final report for fiscal year (FY) 2020 was just issued.
Last week, Higher Ed Dive reporter Natalie Schwartz published an article about a new online bachelor’s degree offered by Southern Utah University for $9,000.
In a recently published research paper, “Priced Out: What College Costs America,” National Association of Scholars Research Fellow Neetu Arnold examines three issues in U.S. higher education: inflated tuition, continuously expanding administrative positions, and increasing levels of student debt. She also shows how they join and reinforce each other to the detriment of America.
Longtime Palm Beach Post columnist Frank Cerabino wrote an article last week discussing a proposal in Florida’s legislature to cut public scholarship funding to college students majoring in areas of study that do not have an immediate path to employment after graduation.
During the Democratic primary campaign for President, Senators Elizabeth Warren and Bernie Sanders made no secret that they wanted to forgive student loan debt. Since President Biden’s election, both senators have called on President Biden to discharge student loan debt, which collectively stands at $1.7 trillion.
Finding a website rich in data is a dream for a quantitative-oriented person. In my recent article about Texas 2036, I wrote that the organization’s mission is “to enable Texans to make policy decisions through accessible data, long-term planning and state-wide engagement.” I reviewed the Texas 2036 site further and found a number of interesting data reports.
In Monday’s Inside Higher Ed, Nic Ducoff (co-founder of Edmit) penned an opinion piece questioning the approach of some organizations that have attempted to calculate the ROI of college. Mr. Ducoff writes that most approaches include cost and earnings, but how those variables are determined impacts the result and how the result is presented to prospective students impacts the influence it will have on their decision making. I could not agree more.
Doug Belkin’s article in last week’s Wall Street Journal poses the big question: “Is this the end of college as we know it?” Mr. Belkin opens his article with the education paths and career paths of a married couple living in Tampa, Florida.
Dr. Robert Kelchen, an associate professor at Seton Hall University and an expert on financial aid, was commissioned to write an article about using earning metrics for accountability for Higher Learning Advocates, a bipartisan higher education advocacy group.