30 Matching Annotations
  1. Jun 2019
    1. This year, the Promise’s marketing has emphasized vocational college. Administrators hope marginal students will be less likely to drop out of such programs because they are shorter.

      Vocational programs are great for "Builders", who learn by doing stuff than merely reciting study material.

    2. “The challenges that people bring with them to education because of poverty don’t just go away because we say we’re going to pay for college education,”

      Reminds me of "The boy who couldn't read"

    1. Income share agreements could lower costs and improve outcomes by tying loan amounts to objective judgments of how much the student is likely to earn from her degree. Educational quality could also benefit: Investors would presumably advance students money only for schools that were doing a decent job of teaching them. The risks are that some borrowers could end up paying far more under such a scheme than the current plan and that investors might not lend to students they consider too risky.

      The author's counter arguments to Income Share Agreements are not convincing enough for me. They seem abstract and vague.

    2. His administration cut out the middlemen by killing off the Guaranteed Student Loan Program, the one created under Presidents Johnson and Nixon that relied on banks, in favor of a direct loan program, in which money came from the Treasury. But the government’s loose lending policy, with few questions asked, remained in place. The Obama administration also heavily promoted income-based repayment programs, which set borrowers’ monthly payments at 10% of their discretionary income and then forgave a portion of their debt after 20 to 25 years of payments. This severed the link between the value of students’ education and how much they could borrow, providing a huge incentive for schools to raise tuition, since taxpayers would pick up more of the tab. Enrollment in these programs is one big reason that the government’s costs for student loans are exploding.

      Obama revisions to the original student loan program of 1970s started under Johnson and Nixon.

    3. The voucher system, combined with a lack of government oversight, created perverse incentives: Colleges could raise money quickly by admitting academically suspect students while suffering little or no consequences if their students dropped out and defaulted on loans.
    4. In particular, the system gave colleges an incentive to maximize the tuition they extracted from students and the federal taxpayer by boosting fees and enrollment, which meant relaxing admissions standards.

      Reason for inflation in tuition fees -

      1. Higher Enrollment
      2. Relaxing Admission Standards
  2. May 2018
  3. Apr 2018
  4. Nov 2017
  5. Oct 2017
  6. Jul 2017
  7. May 2017
    1. 129 colleges reported average debt loads of more than $35,000 and 49 reported that more than 90 percent of their graduates left with debt.

      This is just ridicuolous.

    2. colleges might have lower average debt levels because they enroll fewer students with the financial need to take out loans.

      This is just wrong to students because in High School who has a job that pays you more than maybe 1,000 a year. I don't understand how colleges think people right out of high school can pay these costs. Parents should have to just lay down money on their kids college education. If college was free then everyone would have a better chance at reaching their dreams and living life without the worry that their tuition might not get paid.

    3. no relief if you hit a rough patch."

      I think this is sad becuase college students shouldn't have t worry about money they should be worried about their studies.

    4. best path to a job and decent pay,

      This is a point that colleges really need to take in consideration because in order for jobs to be filled in society people need to get a college education.

    5. debt
    6. thers topped $30,000.
    7. states had average debt amounts as low as $18,656,
    8. approaching $30,000,
    9. TICAS found nearly 7 in 10 graduating seniors in 2013 – 69 percent – left school with an average of $28,400 in student loan debt,

      I think that this is outrageous becuase students shouldn't have to live life by worrying about student loan debt they accumulated due to the extremely high costs of college.

    10. average amount of student loan debt again
  8. Mar 2017
  9. Feb 2017
    1. Outstanding student loan balances increased by $31 billion, and stood at $1.31 trillion as of December 31, 2016. 11.2% of aggregate student loan debt was 90+ days delinquent or in default in 2016Q42.