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.
In the last four parts of this series, I have discussed the problems of our current student loan system, the potential for an income-based repayment system, and the difficulties of a graduate tax. This leaves us with another proposal: universal free undergraduate public higher education. [...]
This week, the Federal Reserve Bank of New York offered continuing evidence of the student debt crisis. Outstanding student debt again topped $1 trillion in the fourth quarter of 2013, making it the second-largest pool of debt in the nation behind mortgages. This has tripled in just a decade, as higher-education prices increased faster than medical costs, up 500 percent since 1985.
Biola Jeje, 22, graduated Brooklyn College last May with a degree in political science and a mission: Force lawmakers to address the $1.2 trillion student debt crisis. [...]
Jeje left college with $9,500 in student loans, less than half the $29,400 national average for four-year college graduates. She and her fellow activists are mobilizing support to march on Albany, New York state’s capital, to deliver a message to legislators. [...]
As the nation’s trillion-dollar student debt continues to rise, a new analysis of public higher education’s funding finds dwindling state support is the key factor driving rising tuition costs and deepening student debt. According to Demos, a public policy organization advocating economic opportunity and inclusive democracy, over the last two decades state support for higher education funding shifted to a new paradigm.
A coalition of progressive groups on Thursday formally began a new campaign aimed at curbing rising student debt and reducing the price of college.
The group of think tanks, student organizations, consumer advocates, and unions is targeting the country’s “increasingly dysfunctional system of higher education,” said Anne Johnson, executive director of Generation Progress, the youth division of the Center for American Progress, which is an organizer of the campaign. [...]
Chief of Programs at Demos, Angela Hanks on Black employment in this jobs report, wage growth, and the Fed rate hike - what damage that could do to the economy.
The resumption of student loan payments after a three-year break, is likely to deliver a blow to American economic growth, according to economists, in a move that could harm many beyond borrowers alone.
Demos President Taifa Smith Butler joins Colin to discuss Black Women’s Equal Pay Day, the Biden administration's economic agenda, and extremist attacks on education.
Demos President Taifa Smith Butler joins Colin to discuss Black Women’s Equal Pay Day, the Biden administration's economic agenda, and extremist attacks on education.
