While students could always use more information about their loans and the cost of college, focusing too heavily on financial literacy as a route to curbing student debt “overcomplicates the discussion,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. College graduates are struggling with debt in large part because it simply costs a lot more to go to college these days, a fact of life students can’t get around even if they’re armed with more information, he said.
That might prompt U.S. colleges to look to other countries for recruitment. Tuition from non-U.S. students can be as high as three times the rate paid by students attending their state colleges, according to The Journal. American families are increasingly struggling to pay college costs that have risen far faster than the rate of inflation. Cuts in state support for higher education are largely to blame for the tuition spikes at public universities in recent years, according to a report last year from the left-leaning think tank Demos.
There’s some data to indicate that borrowers of color are more likely to find themselves dealing with a debt collector over unpaid student loans. Black students are more likely to borrow to attend college than their white counterparts and, when they do, they’re more likely to take on more debt, according to a study released last year by Demos, a left-leaning think tank.
"There are no other countries that we would think of as advanced that don't offer some paid maternity leave," said Amy Traub, a senior policy analyst at Demos, a left-leaning public policy group. "So many countries started guaranteeing maternity leave as more woman started to enter the workplace, and the U.S. just has been a laggard."
Increased rates of delinquency, particularly among poor and minority citizens, also expose borrowers to job market discrimination. Some employers use credit checks as part of their hiring process, a practice that many argue is unduly burdensome and prevents Americans from getting the jobs they need to effectively pay off their student loans.
Mark Huelsman, a senior policy analyst focusing on higher education at the nonpartisan think tank Demos, is also critical of the Department of Education: “The problem that we’ve seen over the past year and a half is that the effort to ensure that Corinthian’s fall wasn’t a total catastrophe is not being met by the effort to make sure that the students who were defrauded — and we know now that they were defrauded — have a very easy, simple, expedited process for debt relief.” Forprofit colleges, he notes, make most of their money from the federal government either through student loans or
Further, African American students take out more loans — and more often — to finance their undergraduate education than any other ethnic group. A report by the public policy organization Demos found that 80 percent of black students take on debt, compared with 63 percent of white and Latino students. African American students also accrue more debt, at an average of $28,692, which is nearly $4,000 more than the average for all students. High dropout rates for African American students — 39 percent — exacerbate the problem, the report suggests.
That might prompt U.S. colleges to look to other countries for recruitment. Tuition from non-U.S. students can be as high as three times the rate paid by students attending their state colleges, according to The Journal. American families are increasingly struggling to pay college costs that have risen far faster than the rate of inflation.
I want to know what’s going to happen with the farm workers,” she said, through a translator. “Are you going to include us in this?”
Bhandary-Alexander said the hearing “couldn’t have been any better,” as a way to connect policy issues with individual narratives.
The board heard from economic experts from the Economic Policy Institute and Demos think tank in previous hearings about how minimum wage increases have affected other cities.
Washington College’s initiative could encourage students to finish school, said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “It’s certainly a good thing,” Heulsman said. “It can provide an incentive for students to complete and we know that the student debt crisis is fueled in large part by those who take on debt but don’t graduate.”
Some 63 percent of white students who graduate from public four-year colleges and universities borrow to do so, but 81 percent of black graduates go that route, according to a study of student debt by Demos, a public policy research organization. When it comes to associate's degrees, 57 percent of black students borrow, versus 43 percent of whites — and the black students borrow an average of $2,000 more.
Lobbyists are often frowned upon for doing the bidding of major corporations. A list of the organizations that spend the most on lobbying, maintained by the websiteOpenSecrets.org, is full of corporations like Boeing, General Electric, and AT&T, as well as associations like the National Association of Realtors.
Today, six in ten employers say that they check the credit histories of some or all prospective employees before making final hiring decisions. This traps many jobseekers in a devastating catch-22.
Talent is equally distributed, but opportunity is not. And while many Americans believe fervently and faithfully in expanding opportunity, America’s internship-industrial complex does just the opposite.
When environmentalists speak of climate change, they often talk of “future generations.” But generations already here are poised to suffer long-term consequences. Climate change will affect millennials drastically—including in their wallets.
Despite lore from parents and grandparents about the caddying jobs or serving gigs they used to pay for school, today’s young adults know the idea of working your way through college is about as antiquated as milk delivered daily in glass bottles or Mad Men-era martini lunches.