For years now, I’ve been asking myself how the federal government justifies charging students nearly 7 percent for loans when banks can get federal funds virtually interest-free (the Fed discount window rate is currently 0.75%). Finally, my grumbling at cocktail parties and in line at the...
Last year, the top ten U.S. university presidents made a combined $21 million. That's a lot, except when you consider what athletic coaches often make. For example, Mack Brown -- the football coach at the University of Texas in Austin -- made $5.3 million in 2012. These numbers are disturbing...
I will start drawing Social Security next month. I think I've earned it. On the other hand, I have to admit that society has been good to my generation. I was able to graduate from a good private college with no debt. Four years at Oberlin cost $10,000 -- tuition, room, board, books, fees. Not $10,...
If you find yourself at the crossroads of Route 209 and Route 534 in Kresgeville, Pennsylvania, stop by the Kresgeville Delicatessan. You may be lucky enough to meet 11-year-old Olivia, who works behind the counter helping her mom. Just in front of the cash register is an attractive display of...
Joblessness imposes steep costs on millions of unemployed workers and their families, requiring households to continue meeting basic expenses without their former income. The Great Recession and limited job growth have produced record numbers of workers who suffer from prolonged periods of...
College Funding In Context: Understanding The Difference In Higher Education Appropriations Across The States
Access to a post-secondary education is a vital aspect of the American dream, allowing for equality of opportunity and a stable pathway to the middle class for all who are willing to work for it regardless of their background or socioeconomic status. Higher education not only improves the...
The students assembled outside Borough of Manhattan Community College yesterday morning were indignant. “Students are juggling college expenses and family obligations,” declared student government representative Shadae Blair, “one reason we seek an education is to get ahead in...
The cost of higher education has become an increasingly heavy burden. Students are finding different ways to adapt. “Taking out debt to get a diploma has become the rule instead of the exception,” says Tamara Draut of the New York-based public policy think tank Demos....
Households identify late payments toward student loans as contributing to their low credit score.
Sixty percent of indebted households who had college expenses for a child in the past 3 years report that those expenses contributed to their current credit card debt.