It’s worth noting, first of all, that black and Hispanic college students are more likely to have to borrow to pay for a college education and that they end up having to borrow more money to cover college costs. A study from Demos analyzing federal data found that 86 percent of black students and 87 percent of Hispanic students got loans to attend private universities, compared to 72 percent of whites.
Black students are far more likely to take on debt for a degree than white students, and young black households have more student debt despite fewer educational opportunities and a more uncertain payoff in the job market.
“We think of education funding, particularly at the state level, as a spending issue, but it’s myopic,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “There are all kinds of second order effects to investing in education — homeownership or wealth building is certainly one of them. If you don’t spend the money on students now and that means that they’re less likely to go to college or they’re more likely to take on debt, that is going to impact their future economic activity.” [...]
“It’s clear that the exact cohort that they were tracking has gone through a fairly tumultuous young adulthood,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank.
Employers’ growing interest in helping workers pay back their student loans “reflects that many, if not most, workers entering the workforce have to contend with their student loans,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. [...]
“It doesn’t do anything to address the root problems of college affordability and of rising student debt,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. Those include state disinvestment in higher education, a trend that the federal government could help reverse, according to Huelsman, by using federal money to encourage states to up their investment in their public colleges. [...]
Tuesday, May 23 (NEW YORK, NY) – Tamara Draut, Vice President of Research and Policy at Demos, a New York-based public policy organization and think tank, issued this statement following the unveiling of President Trump’s full budget to Congress:
“The deeply alarming budget released by the Trump administration today would wreak havoc on working- and middle-class people, including many of the very people who sent him to the White House, by cutting services and programs that support our most vulnerable communities.
April 26, 2017 (New York, NY) – In response to Donald Trump’s proposed tax plan, Tamara Draut, Vice President of Policy & Research at Demos, a NY based public policy think tank, issued the following statement:
“This tax proposal shows once again that Donald Trump is no populist, but rather is hewing to traditional conservative and Republican philosophies, including doubling down on the failed experiment of trickle-down economics.
New York’s plan is a step forward in returning to the days when students could work their way through public college without taking on debt. But the impact on reducing the need to borrow may be minimal, especially for first-generation, low-wealth students.
New York approved a state budget Sunday that included the Excelsior Scholarship, which will allow students whose families earn less than $125,000 a year to attend state public colleges and universities tuition-free.
April 9, 2017 (New York, NY) -- Tamara Draut, Vice President of Policy and Research at Demos, released the following statement after New York became the first state in the country to pass tuition-free college:
Donald Trump and his billionaire Cabinet are proposing even bigger tax cuts for the wealthy when what we need is a fairer system that allows our nation to meet the needs of its people.
Twenty-seven progressive groups said in a Thursday news release provided to McClatchy that they would join a planned Tax Day protest of President Donald Trump, as liberal activists prepare for what might be the biggest demonstration against the White House occupant since the Women’s March on Washington in January.
Another question is how much the Cuomo and Raimondo plans will truly benefit low-income students. Both proposals are what’s called “last-dollar” initiatives, meaning the states would only pay the balance of tuition after students use up existing state and federal aid, including Pell Grants. These current state and federal programs couldn’t be used to fund other college costs.
“There are approximately zero students that would see a net benefit if this budget were enacted into law,” said Mark Huelsman, senior policy analyst at Demos, a left-leaning think tank. [...]
“Consolidating or reforming campus-based aid programs is not a bad idea, but at the end of the day students have to come out ahead,” Huelsman said. “Indiscriminate cuts to work-study absolutely would harm the low income students or middle class students on campuses who absolutely do receive the money.”
San Francisco mayor Ed Lee and city supervisor Jane Kim announced on Monday that the city would offer free community college to any of its residents, effective this fall.
A new study trashes most of the conventional explanations—and solutions—for the wealth gap. It’s called The Asset Value of Whiteness: Understanding the Racial Wealth Gap. It’s by researchers at Brandeis University and a public policy group called Demos. [...]