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January 10, 2024
The old federal formula for higher education financial aid is dead. The new formula creates winners and losers. Specifically, the new formula harms middle-class families with more than one child in college at a time. It’s not that the new formula doesn’t take family size into account at all—it does, barely. The issue is that the new formula calculates the total…
December 12, 2023
The public wins when Democrats and Republicans are both offering principled solutions to pressing challenges. That’s too rarely been the case when it comes to early childhood education. For a public seeking more accessible, appealing, and affordable options, the political response has disappointed. Democrats have offered expensive, heavily regulated plans to jam more four- and five-year-olds into…
December 8, 2023
The Biden administration has abolished the federal student-loan program, at least if a “student-loan program” is one in which students borrow money and then eventually repay it. What’s being erected in its stead is a scheme that’s rife with moral hazard, seemingly designed to inflate college costs, and best described as a “student-fraud program”—in which…
December 8, 2023
EXECUTIVE SUMMARY Driven by increases in graduate enrollment and the availability of uncapped loans, graduate debt has become a growing share of federal student lending. Most of the growth in the average and overall levels of student indebtedness in the past fifteen years has been driven by graduate student debt. Despite being just 21 percent…
December 8, 2023
Since 2005, graduate students in the United States have been able to borrow from the federal student loan programs essentially without limit. Before that, loans were available to graduate students from the US Department of Education, but they were constrained to reasonable levels. Since limitless credit became available to graduate students in 2005, graduate student…
November 20, 2023
The pandemic was full of firsts, including the first time states received hundreds of billions of federal dollars they could use to shore up their depleted state unemployment insurance (UI) programs. The March 2020 CARES Act provided $150 billion in a flexible “Coronavirus Relief Fund,” whose potential uses included covering states’ “unemployment insurance costs.” Then the March 2021 American…
November 11, 2023
When you see something, should you say something? According to the Office of Children and Family Services, it depends on the race of the victim. New guidance released last month for New York City teachers offers some unusual bits of advice. Rather than reporting suspected cases of abuse to the Administration for Children’s Services, teachers should actually…
November 8, 2023
New survey shows the compounding benefits of college degrees. Here’s how to help those without degrees to catch up When it comes to jobs and work, the past three years have been among the most tumultuous in decades. From mass layoffs in the early phase of the COVID-19 pandemic to surging reemployment and wages as the country…
October 26, 2023
Last week, the Urban Institute published a new report examining, in detail, the implications of President Biden’s latest scheme to forgive as much student debt as possible before the next election cycle: the SAVE repayment plan. This report brings much needed clarity to the question of exactly how Biden’s misguided attempts to forgive student debt through executive…
October 20, 2023
For a long time, advocates and policymakers in the higher education space were fixated on improving “access” to higher education. As a society, we recognized that higher education was a powerful tool for promoting social mobility, and helping people born into lower-income households advance financially and pursue fulfilling careers. We also realized that higher education…