Tag Archives: Student Debt

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Higher Ed and Presidential Campaigns: Incompatible Bedfellows? (Part 1)

Let’s examine the merits of the prevailing sound bites on colleges and universities

I have worked as a higher education instructor, researcher and administrator for more than four decades. Over that span, I’ve seen many presidential campaigns, and in almost every case, higher education has not been a plank in the platform of either of the major parties. Those of us in the groves of academe may have been ignored by presidential candidates in the past, but at least we knew that we would not be troubled by them.

Ah, for the good old days!

This year, higher education seems to be a part of every candidate’s agenda. (See, for example, “Punch Lines Versus Polish on Iowa Trail,” The New York Times, Jan. 1, 2016.) The Democratic candidates are focused on making college far more affordable – even tuition-free in the mind of at least one candidate. The Republican candidates are focused on affordability as well, but with much greater emphasis on the need for institutions to reduce their prices and/or the need for Washington to reduce federal financial aid – since some argue that it is the easy availability of federal grants and subsidized loans that permitted colleges to raise their prices so much in the first place (although there are few studies that support that contention, and many that refute it). Finally, at least one candidate is focused on “practical” education (“we need more welders and less [sic] philosophers,” “In GOP Debate, Rubio Again Criticizes Philosophy,” Inside Higher Ed, Nov. 11, 2015).

As the political primaries take place, with the inevitable coalescing behind a single candidate in each major party, it will be interesting to see how these various ideas play out: How will each of them be received by the American public, and which one will emerge as the most important?

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The Ultimate Question: “Is College Worth It?” (Part 3)

The realities behind student debt and the “bubble.”

In Part 1, I argued that the proper way of determining whether college was worth the investment was first to examine four distinct concerns—high cost, high debt, scarce jobs, and low graduation rates.  Last week, in part 2, we looked at the first of these concerns: has college simply become too expensive for many families? This week, we’ll examine the second concern:

There is a student debt “bubble” that is preventing young college graduates from buying homes, starting families, and thereby acting as a drain on the entire economy.