April 9, 2024
Biden Knows Student Loan Cancellation Is a Bad Idea
This morning, President Biden announced new details about the latest effort to cancel student debt that he says will reduce balances or completely cancel student debt for over 30 million Americans. First, he plans to cancel up to $20,000 of accumulated unpaid interest, regardless of the borrowers’ income. Second, the administration plans to automatically cancel debt for…
April 3, 2024
Feds Should Take a Big Step Back on Student Loans
The federal student loan program has gone off the rails. What was first designed as a program to alleviate the liquidity problem students face when paying for college is now an out-of-control entitlement program that rewards students for spending as much as possible on higher education, causing tuition costs to skyrocket in turn. Biden’s reforms…
March 28, 2024
Federal Student Lending is Beyond Repair
The integrity of the federal student loan program has been in precipitous decline since early 2020, when then-President Trump responded to the Covid-19 pandemic by putting a pause on student loan repayment. In retrospect, that move was the first domino to fall in a string of policy changes, culminating in the implementation of President Biden’s…
March 19, 2024
Conservatives Distrust Higher Ed—But Still Need Degrees
Ideological opposition to “woke” colleges and universities could harm conservatives and rural communities. American’s faith in our colleges and universities has seen a marked decline in recent years, with the percentage of adults who say they have “a great deal” or “quite a lot” of confidence in the institutions of higher education plunging from 57 percent to…
January 30, 2024
Democrats in the House Have a New (Old) Plan for Higher Education
Lately, it’s been Republican lawmakers who have been at the table and offering up comprehensive reform for higher education policy, but this week House Democrats got back in the game. Today, they released new legislation outlining their vision for higher education reform beyond the administration-led student loan cancellation agenda. In some sense, this marks a welcome return to normalcy,…
January 29, 2024
The Value of a Bachelor’s Degree
Key Points As public confidence in higher education has declined, Americans have become less sanguine about the bachelor’s degree and skeptical of its potential return on investment. Nonetheless, four-year degrees continue to be associated with significant economic and noneconomic benefits for individuals and communities. For those who want to attend college, have adequate financing options, and can finish their degrees, the benefits of…
January 11, 2024
Biden’s Dismantling of Federal Student Loan Programs Has Inspired Republicans to Go Big
House Republicans released a new legislative package today aimed at bringing down the cost of college, holding universities accountable for the value of their diplomas, and reforming our broken federal student lending system. The College Cost Reduction Act represents the largest serious and comprehensive higher education reform package in decades and, in theory, has plenty…
January 10, 2024
By the Numbers: Here’s How the New Federal Financial Aid Formula Harms Families with More Than One Child
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 8, 2023
A Framework for Reforming Federal Graduate Student Aid Policy
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…