Tag: College student loans

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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Member Post

 

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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