Tag: College student loans

With the Biden Administration’s student loan relief coming down the pike, Annika sits down with Dr. Beth Akers, a Senior Fellow at the American Enterprise Institute who specializes in higher education finance. Beth discusses the issue of student debt, and what the Biden relief plan will and will not achieve.

You can find more information about Dr. Akers and her recent writing and appearances here.

This week on Hubwonk, host Joe Selvaggi talks with Dr. Beth Akers, AEI Senior Fellow, about the recent presidential executive order to cancel an estimated $500 billion in outstanding student debt. They explore who benefits, who pays, and the likely effects on tuition and the borrowing habits of future students.

Guest:

Why Are Working-Class Americans Paying For Your Student Loan “Forgiveness?”

 

Everyone has a story. And if you’re one of the millions of Americans who eschewed a college education for other vocations – homebuilding, plumbing, truck driving, or a host of manufacturing and service jobs – I bet you have a story, too. Or worked to pay off your debt. Perhaps with a little help from family or “angels.”

Now would be a good time to tell your story.

What Is the Public Good That Justifies Public Funding of Universal College?

 

As so many people are calling for public (taxpayer) funding for universal college education (loan forgiveness, “free” tuition, etc.), what is the broad public good that justifies public funding of universal college attendance? The broad social benefit? The practical challenges of public funding of college are extensively argued elsewhere, so there is no point to rehashing them here. Instead, what are we trying to accomplish by encouraging everyone to attend college? What is the public goal?

In the United States, primary school education (grades 1 – 8) became publicly funded at least in part on the belief that a republic of free citizens functions only if most of those citizens have some basic capabilities to be able to conduct business among themselves and inform themselves so they could choose effective elected representatives: Read and write at a basic level, do basic arithmetic, know some amount of science and history, have some understanding of how government is supposed to work, and a few other topics.

Hubwonk host Joe Selvaggi talks with American Enterprise Institute resident fellow and education economist Beth Akers about the American student debt crisis (totalling $1.6 trillion). They explore who borrows, who is in debt, and which policy choices might best serve the financial needs of every student.

Related: The Boston Globe op-ed: “A Truly Progressive Student Loan Policy”

Member Post

 

I composed this as a comment to the post “I get why the kids like Bernie” but then started running out of characters, so I’ve turned it into a post. I’ve engaged with a few of our millennial members on this topic over the past few months, most recently @cm, enough to have my mind […]

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Is it because most are government backed against default?  Is it because colleges can knowlingly raise their prices due to the availability of loans in the first place?  These are extreme examples in this article, but it does raise the issue once again: https://www.zerohedge.com/news/2019-05-27/debt-laden-americans-flee-country-escape-crushing-student-loans Preview Open

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