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.
Cost of a Degree
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?”
I am grateful to the Wall Street Journal education reporters for calling my attention to the fact that median debt and median earnings data are available for graduate programs at many schools. The articles that they published, “Financially Hobbled for Life: The Elite Master’s Degrees that Don’t Pay Off” and “Is a Graduate Degree Worth the Debt?,” triggered my reviews of their reporting tool and the College Scorecard’s updated dataset used for their data reporting.
I have heard for years that physicians borrow a lot of money to attend medical school. I have also heard that high debt levels are okay because medical doctors make enough money to repay their student loans. Based on the data reported by the Wall Street Journal, I’m not so sure.
After reviewing and writing about the data available for law school graduates in the Wall Street Journal tool, I planned to review the data for medical school graduates and write a similar report. While reviewing the medical school data, I paused when I reached the colleges whose names begin with the letter “D.” At that point, I realized that one of my alma maters, Duke University, was not listed.