The only answer is to change the student loan program to limit new student lending and hold colleges accountable for poor labor-market outcomes
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
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
New research questions whether accreditors are up to the task of ensuring that students and taxpayers see a return on their investment
The Department of Education (ED) will give borrowers who were in delinquency or default prior to the payment pause a “fresh start” and allow them “to reenter repayment in good standing”
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.