President Biden’s income-based repayment expansion may prove even more expensive than loan forgiveness.
Higher Education
Student debt now exceeds $1.5 trillion. We must overhaul a system that, for too long, has incentivized colleges and universities to charge unaffordable prices for degrees that do not always improve the lives of their recipients. Measures of return on investment (ROI) can help ensure that that institutions are accountable for the economic outcomes of the students they plunge into indebtedness.
All Higher Education
Taxpayers subsidize thousands of postsecondary programs with negative returns on investment for students. It’s time to change that.
Look up the financial value of tens of thousands of associate degrees.
Returning readers will recognize much of the methodology from FREOPP’s previous work but because there are differences in the nature of these credentials, as well as the associated data sources, there are some differences in methodology.
Nursing and mechanic programs yield healthy returns, whereas liberal arts programs do not.
We compared what graduate degrees earn vs. what workers would have earned had they not gone to grad school.
Look up the financial value of tens of thousands of graduate degrees.
The net financial value of most graduate degrees is modest to negative.