college bubble
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Ashley Thorne writes, "More than an irksome monthly payment, student loan debt has come to represent ruined (or at least painful) lives. Widespread realization of this is perhaps the biggest takeaway of the Occupy movement so far. Another big takeaway is that students and graduates don’t know how to handle their own finances." ...Read More
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Nearly 30 percent of college students who took out loans dropped out of school, up from fewer than a quarter of students a decade ago... Read More
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Glenn Reynolds has published an e-book about the higher-ed bubble. Find out about his new book... Read More
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Bubble Bubble Toil and Trouble... Read more
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95 percent of high school seniors do in fact plan to go to college, but some of these students may aspire to college in the same way that many of us aspire to exercise: it is something they would like to have done but not something they would like to do. In this metaphor, investing in education by enrolling in college is like investing in health by joining a gym: an excellent idea, but only for those who will actually go and break a sweat... More
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Whenever the government increases financial aid, universities simply "cream off the extra money by raising tuition." Students aren't helped at all. That's the theory then-Secretary of Education Bill Bennett espoused in 1987. The regnant phrase was "Don't leave money sitting on the table." The metaphoric table in question was the one on which the government had laid out a sumptuous banquet of increases of financial aid... More