Wherever possible, states should remove degree requirements for government jobs, especially those that do not pay high salaries
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
South Dakota, Minnesota, and Iowa produced the highest student returns on investment. Hawaii, Montana, and Louisiana produced the lowest.
With mass cancellation potentially off the table, it is time for policymakers to think about better ways to fix federal student loans
The proposed ‘gainful employment’ rule would deny funding to some low-value higher education programs, but there would be collateral damage.
This post is adapted from remarks I delivered at a recent roundtable hosted by the House Select Committee on Economic Disparity and Fairness in Growth
The only answer is to change the student loan program to limit new student lending and hold colleges accountable for poor labor-market outcomes
President Biden’s income-based repayment expansion may prove even more expensive than loan forgiveness.
A better way is to stop requiring or encouraging aspiring public servants to take on so much debt