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Author: Camilla E. Watson Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Currently, there are 44.2 million Americans holding student loan debt collectively totaling $1.5 trillion. This massive debt has a profound effect, not only on the lives of the debtors, but also on the national economy because it prevents the debtors from buying homes and cars and creating new businesses. This debt is also speculated to be a likely trigger for the next housing bubble because student loans, like the subprime mortgage loans underlying the 2008 financial crisis, are securitized and sold to investors. But many of those with student loans struggle to find jobs that will enable them to pay off their debt. In some cases, they leave school before graduating because they perceive their debt as too overwhelming. When that happens, their lack of a degree exacerbates their struggle to find decent jobs. Moreover, fear of undertaking substantial debt leads some individuals to forego higher education altogether, thereby often condemning them to a lifetime of low-paying jobs. This article traces the development of federal student loans and examines the numerous problems comprising the student loan debt crisis, among them the high cost of postsecondary education, the crisis-level amount of debt undertaken by students, the difficulties of repayment, and the fraud and abuse perpetrated by proprietary institutions and predatory lenders. It attributes these problems to Congress, which it argues has both acted, and failed to act, due to misjudgments, as well as, at least sometimes an indifference, sometimes bordering on an animus, to students in need. This article also critiques proposed legislation to reform federal funding of higher education and questions whether the mistakes of the past will soon be repeated in the pending reauthorization of the Higher Education Act of 1965.
Author: Camilla E. Watson Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Currently, there are 44.2 million Americans holding student loan debt collectively totaling $1.5 trillion. This massive debt has a profound effect, not only on the lives of the debtors, but also on the national economy because it prevents the debtors from buying homes and cars and creating new businesses. This debt is also speculated to be a likely trigger for the next housing bubble because student loans, like the subprime mortgage loans underlying the 2008 financial crisis, are securitized and sold to investors. But many of those with student loans struggle to find jobs that will enable them to pay off their debt. In some cases, they leave school before graduating because they perceive their debt as too overwhelming. When that happens, their lack of a degree exacerbates their struggle to find decent jobs. Moreover, fear of undertaking substantial debt leads some individuals to forego higher education altogether, thereby often condemning them to a lifetime of low-paying jobs. This article traces the development of federal student loans and examines the numerous problems comprising the student loan debt crisis, among them the high cost of postsecondary education, the crisis-level amount of debt undertaken by students, the difficulties of repayment, and the fraud and abuse perpetrated by proprietary institutions and predatory lenders. It attributes these problems to Congress, which it argues has both acted, and failed to act, due to misjudgments, as well as, at least sometimes an indifference, sometimes bordering on an animus, to students in need. This article also critiques proposed legislation to reform federal funding of higher education and questions whether the mistakes of the past will soon be repeated in the pending reauthorization of the Higher Education Act of 1965.
Author: William Zumeta Publisher: Harvard Education Press ISBN: 1612502539 Category : Education Languages : en Pages : 372
Book Description
This ambitious book grows out of the realization that a convergence of economic, demographic, and political forces in the early twenty-first century requires a fundamental reexamination of the financing of American higher education. The authors identify and address basic issues and trends that cut across the sectors of higher education, focusing on such questions as how much higher education the country needs for individual opportunity and for economic viability in the future; how responsibility for paying for it is currently allocated; and how financing higher education should be addressed in the future.
Author: James J. Duderstadt Publisher: JHU Press ISBN: 0801880629 Category : Education Languages : en Pages : 251
Book Description
In the United States, public colleges and universities educate more than 80 percent of the nation's 11 million college students. Public universities conduct the majority of the country's campus-based research and produce most of the nation's doctors, lawyers, engineers, teachers, and other professionals and public leaders. They provide critical services such as agricultural and industrial technology, health care, and economic development, and they help students of all ages develop more rewarding careers and more meaningful lives. Written for everyone who is interested in and concerned about the nation's public universities, The Future of the Public University in America offers a view from the perspective of two experienced professionals. James J. Duderstadt, former president of the University of Michigan, and Farris W. Womack, former executive vice president and chief financial officer of the University of Michigan, explore the unique challenges facing public higher education today. They look at the forces driving change -- economic imperatives, technology, and market forces -- as well as the characteristics of the public university that make change difficult: the nature of its various campus communities, its governance system, its management and decision-making processes, and its leadership. The authors conclude by suggesting strategies at the state and federal level to preserve and strengthen public higher education as a resource for future generations.
Author: Edward P. St. John Publisher: JHU Press ISBN: 9780801882593 Category : Business & Economics Languages : en Pages : 280
Book Description
Much of the twentieth century saw broad political support for public funding of American higher education. Liberals supported public investment because it encouraged social equity, conservatives because it promoted economic development. Recently, however, the politics of higher education have become more contentious. Conservatives advocate deep cuts in public financing; liberals want to expand enrollment and increase diversity. Some public universities have embraced privatization, while federal aid for students increasingly emphasizes middle-class affordability over universal access. In Public Funding of Higher Education, scholars and practitioners address the complexities of this new climate and its impact on policy and political advocacy at the federal, state, and institutional levels. Rethinking traditional rationales for public financing, contributors to this volume offer alternatives for policymakers, administrators, faculty, students, and researchers struggling with this difficult practical dynamic. Contributors: M. Christopher Brown II, Pennsylvania State University; Jason L. Butler, University of Illinois; Choong-Geun Ching, Indiana University; Clifton F. Conrad, University of Wisconsin–Madison; Saran Donahoo, University of Illinois; James Farmer, JA-SIG uPortal; James C. Hearn, Vanderbilt University; Janet M. Holdsworth, University of Minnesota; Don Hossler, Indiana University; John R. Thelin, University of Kentucky; Mary Louise Trammell, University of Arizona; David J. Weerts, University of Wisconsin–Madison; William Zumeta, University of Washington
Author: G.L.A. Harris Publisher: Rowman & Littlefield ISBN: 1498545122 Category : Political Science Languages : en Pages : 283
Book Description
Tenure at a Crossroads, Again? goes beyond the explication of tenure to explore the contemporary challenges facing academia at the K–12 and higher education levels. This edited volume is unique in the sense that it grapples issues from multiple viewpoints—that of the university/college administrator and professor, to the K–12 educator. The book examines increased expectations and how existing policies have spilled over into institutions of higher learning once high school graduates enter this domain. Students’ educational expectations resonate with college administrators and policy makers forcing institutions to adapt to these needs. This moves professors to “dumb down” the curricula and teaching to avoid negative evaluations and protect themselves from unwarranted retaliation. This confluence of factors reverberates throughout the educational system, producing unintended effects that have collectively led to an alliance between the administration and students in higher education, much like those experienced by our K-12 colleagues yet now questions the rationale for tenure to re-examine dilemmas that have long dogged higher education. The most recent solution - the corporatization of institutions but to the detriment of a quality education. Weofferpracticalstrategies to mitigate this unilateral approach while incorporating innovative mechanisms for the system’s survival.
Author: United States. Department of Health, Education, and Welfare. Office of the Assistant Secretary for Planning and Evaluation Publisher: ISBN: Category : Federal aid to higher education Languages : en Pages : 100
Author: Camilla E. Watson
Author: Camilla E. Watson
Author: William Zumeta
Author: 
Author: James J. Duderstadt
Author: Association of American Universities
Author: Edward P. St. John
Author: Alice M. Rivlin
Author: American Assembly
Author: G.L.A. Harris
Author: United States. Department of Health, Education, and Welfare. Office of the Assistant Secretary for Planning and Evaluation