The University of Iowa* fired basketball coach Todd Lickliter (affectionately known as “Coach Lick”) earlier this week after three straight losing seasons, the first time that’s happened at Iowa since the 1930s. Lickliter was a basketball coach and so should be judged on the results of his team, but it’s worthwhile to remember that he [...]
Undergraduate Education
Education Sector's undergraduate education work focuses on research and public policy designed to increase student learning and graduation for undergraduates while reducing college costs. Quick and the Ed blogger Kevin Carey directs Education Sector's undergraduate education work.
A Kindle Revolution
Michael Lewis’ latest book “The Big Short” was released on Tuesday. As a Lewis fan, I was looking forward to getting the book. But not the big, heavy, expensive hardback version. I wanted to download the book to my Kindle.
But alas, no Kindle version was available. And consumers are getting testy–the book now has 37 [...]
The Latest on Student Aid Reform
The National Association of Student Financial Aid Administrators has a great post up this morning highlighting the status and predicted content of the joint health care/student loan bill that is now working its way through Congress. It also has this really helpful chart to plot the progress of the legislation:
While progress on the bill is [...]
Please Tell Me This Isn’t True
Working on federal policy and keeping your wits about you requires a pretty high tolerance for cognitive dissonance and general b.s. But I’m having a really hard time wrapping my head around this: In September 2009, the House of Representatives passed the Student Aid and Fiscal Responsibility Act, or SAFRA. The bill was designed to [...]
Adding Academics to the Big Dance
College basketball is the crown jewel of the NCAA. For three weekends in March and April, people across the country tune in to watch thrilling upsets, Cinderella stories, and big-time performances that will live in highlight reels for years to come. Unfortunately, the quality on the court is not matched by academic success off of [...]
Department of Incompetent Spin
From the New York Times front-page expose of for-profit trade schools over-charging students and leaving them with mountains of debt:
The Career Education Corporation e-mailed The New York Times names and contact information for four graduates “with whom we hope you’ll touch base for important perspective.” One came with a wrong number. A second had graduated 15 [...]
Putting My Borrower Hat On
On Saturday, the Washington Post published a letter to the editor I wrote (The “joy” of student loans) in response to Senator Lamar Alexander’s op-ed from last week. Sen. Alexander’s op-ed threatened that under the administration’s proposal to move to Direct Lending, “getting your student loan will become about as enjoyable as going to the [...]
Finding Savings in the Student Loan Bill
It appears now that the student loan bill could possibly maybe potentially* be paired with some health care legislation in such a way that it could pass the Senate with 51 votes and no risk of a filibuster.
But there’s a small hangup. As part of an agreement to include the student loan package in the [...]
How Did the Servicers Do?
First quarter fiscal year 2010 customer service results for the four lenders chosen to service federal student loans sold to the U.S. Department of Education can be found here, with the methodology explained here.
Not much to see yet since the real work does not start until students enter repayment, but so far they are all [...]
Student Loan Commentary (Cont.)
Over at Brainstorm, Diane Auer Jones responded to my earlier post critiquing her arguments in favor of preserving a bank-based student loan system. I’ll try to provide some clarifications/critiques.
First, Jones writes that my original post confused private and federal loans because I was talking about the interest rate charged on alternative loans. But that wasn’t [...]
More Misleading Student Loan Commentary
Diane Auer Jones seems to have gotten the memo. Over at the Chronicle of Higher Education’s Brainstorm blog, Jones, a former assistant secretary for postsecondary education, continues the trend of poor commentary on student loans from former Republican education officials kicked off by Tennessee Lamar Alexander earlier this week. And the intentionally misleading twisting of [...]
Debating RTT4HE
Ashley Thorne of the National Association of Scholars has written a response / rebuttal to my new Chronicle column, which argues that cash-strapped colleges and universities would benefit from a “Race to the Top” for higher education. She’s friendly about it and agrees with some of my points, but in the end we have very [...]
RTT4HE
Getting ESEA reauthorized is going to be a tough slog in the best of times, and these times are definitely not those. So it seems increasingly likely that Race to the Top will remain the center of the Obama administration’s education agenda. And not just the RTT program but the larger theory behind it: instead [...]
Senator Lamar Alexander is Making Things Up
With the prospect of President Obama’s student loan bill passing through the budget reconciliation bill fast approaching, Senator Lamar Alexander (R-TN) took to the Washington Post op-ed page to tell some lies about the bill. Alexander, who used to be the Secretary of Education and knows better, said:
Starting in July, all 19 million students who want [...]
The Other Guidance Counselor Role
Several outlets covered yesterday’s release of a new survey (PDF) showing students’ dissatisfaction with their high school guidance counselors and drew some interesting conclusions about how a poor advising experience may lessen the likelihood of obtaining financial aid or lead students to enroll in institutions they would not have otherwise chosen. As Inside Higher Ed [...]
Open the Default Rate Black Box
Discussions of higher education quality almost always treat institutions monolithically. As such, we raise concerns about whether University of Phoenix students are well prepared or Clinton Hill Junior College’s student loan default rate as if every department and degree is the same. While it is easier to discuss colleges and universities as undifferentiated entities, doing [...]
Rock Bottom
Almost exactly a year ago, I was flipping through the Washington Post over morning coffee when this headline caught my eye: “Southeastern University’s Accreditation At Risk”. I was intrigued. Universities don’t lose accreditation very often, particularly those in the traditional public and non-profit sector. Near the end of the article came this sentence:
Accreditors noted that [...]
False Fronts
Interest in holding higher education institutions accountable for results has increased steadily over the last decade. In 2000, the National Center for Public Policy and Higher Education released Measuring Up, the first of what would become biennial grades of each state’s performance in education. In 2006, the Spelling Commission on the Future of Higher [...]
A Real Rainy Day and a More Complete Picture
Among the arguments put forth against a spending requirement by defenders of university endowments is that the lack of a spending requirement meant that schools could hoard enough funds so that when the time came for a rainy day they would be able to avoid budget cuts and financial concerns. Of course, when faced with [...]
What Can a Policymaker Do?
This is the last post in a week of blogging about ES’s recent report on student loan default rates. Previous posts have talked about what the Texas I-20 corridor can teach us about loan defaults, what the numbers say about why institutions matter in default prevention, and specific steps institutions can take to lower defaults.
But [...]
Step One: Make a Plan
This week I’ve been blogging about ES’s recent report on student loan default rates and the report’s big message–that institutions matter in preventing loan defaults.
But what steps, exactly, can a college or university take to reduce loan defaults? I encourage anyone who wants to answer that question to read the whole report for its many, [...]
What the Numbers Say: Institutions Matter
Yesterday I blogged about six HBCU’s in Texas that successfully reduced their student loan default rates without changing the students they enroll. These colleges provide an example of what institutions are capable of when resources and attention are focused on reducing loan defaults and increasing student success. But my colleague Robin Smiles and I looked [...]
Take a Scalpel to Endowments
Back in the heady days of 2007, lawmakers began agitating about the massive asset accumulation occurring in the endowments of colleges and universities. While threats of making schools spend at least 5 percent of their accumulated assets (the same requirement faced by other charitable foundations) ultimately prompted some expansions of student financial aid, the subsequent [...]
College For $99 a Month, Local News Version
For those of you who read my College for $99 a Month article last August and said to yourselves, “Hey, I wonder what that would look like as a segment on Fox 5 News at 10:00,” well, ask and ye shall receive:
Violating Incentives
One of the biggest ongoing fights involving the U.S. Department of Education and for-profit colleges is over what compensation strategies these schools may use to pay their recruiters and admissions counselors for bringing in students. Since 1992, schools that receive federal student aid are banned from offering any compensation based on recruitment incentives, but 2002 [...]
Genius Curriculum, Cont’d.
In comments to my post about the need for an iTunes Genius college curriculum, Sherman Dorn reasonably asks:
While Genius might create a playlist of similar tunes, there’s no guarantee that it will create a logical *sequence* of lectures. How many times do you want to hear about the allegory of the cave? Or would you [...]
Still Drowning in Debt
Way back in July, when three feet of snow probably sounded like a good idea in D.C., Education Sector released Drowning in Debt, a super-sized CYCT documenting rising student debt levels over the past 15 years.
A week later, we added a note to the report stating that the data from different years was not necessarily [...]
Student Loan Debt Collector Irony
The Sallie Mae agent trying to collect on defaulted loans held by college borrowers doesn’t need a college degree. See here and here. It’s worth keeping in mind when considering the jobs saved by preventing student loan reform versus the ones that could be obtained by the roughly one million additional students receiving an expanded [...]
The iTunes Genius College Curriculum
I went to the gym at lunch today and picked “Sugar Kane” by Sonic Youth to create a Genius playlist on my iPod. It returned the following:
Pavement, “Summer Babe”
My Bloody Valentine, “Soon”
Pixies, “Break My Body”
Television, “See No Evil”
Joy Division, “Dead Souls”
Sonic Youth, “Teen Age Riot”
P.J. Harvey, “This is Love”
Smashing Pumpkins, “Bury Me”
Yo La Tengo, “Stockholm [...]
Can Reform Solve Federal Student Loan Conflicts of Interest?
Media coverage of pending legislation to eliminate subsidies for bank-based federal student loans and redirect savings into the Pell Grant Program has recently focused on the fierce lobbying effort made by Sallie Mae and other lenders to get the U.S. Senate to accept their own reform proposal–an alternative that saves less money while also keeping [...]
The Soul of Trinity
I heartily recommend Daniel DeVise’s profile of Trinity Washington University president Pat McGuire in this weekend’s Washington Post magazine. McGuire and her colleagues embody much of what is good and right about higher education. By transforming a failing women’s college into thriving university dedicated to serving minority and first-generation students, she is working in the [...]
Don’t Forget the Students
As Kevin noted earlier, a few major publications are starting to glom onto the fact that health care’s slow progress has basically stalled the pending legislation to revamp the federal student loan programs. The latest entrant is the New York Times, which in a nice piece of symmetry, both ended and began this week with [...]
Memory Lane
If you’ve ever wondered what kind of rigorous undergraduate education is required to snag a coveted position as blogger / columnist / magazine writer / think tank guy / occasional commenter on comic books and cable TV shows, take a look at my latest column in the Chronicle of Higher Education. I’m pretty sure this [...]
Ed Week’s Research-less Research Blog
Earlier this week I complained about Education Week reporter Debra Viadero credulously touting the results a study allegedly showing great for-profit college results despite the fact that (A) the study was paid for by the for-profit colleges, and (B) she hadn’t actually read the study. Viadero responded today as follows:
Over at the Quick and the [...]
Close the Five Percent Loophole
College endowments had the worst year on record last year, averaging an 18.7 percent drop in a year in which giving declined as well. One would think, with endowment values plummeting, that colleges and universities would be forced into spending down some of their endowment to keep tuition low at a critical moment, to keep [...]
Additional SOTU Thoughts
Kevin already has his reactions to last night’s State of the Union up here, but here are a couple of other observations about the parts of the speech with a bearing on higher education.
Help for Borrowers
As expected, President Obama proposed improvements to the income-based repayment program (IBR) that will cap monthly payments at 10 [...]
Steady Long-Term Trends Rule the World
The newly-released Sloan Consortium Report on online higher education finds that the number of college students taking at least one online course increased from 3.9 million in Fall 2007 to 4.6 million in Fall 2008, a 17 percent jump. The overall number of college students grew 1.2 percent during the same time. In 2002, less than 10 [...]
A Nice Borrower Win, Potential Pell Problems in Proposed SOTU Ideas
Details of the policy proposals President Obama intends to outline in tomorrow’s State of the Union are starting to leak out and it’s looking like a bit of a mixed bag on education.
On the good side is the proposed expansion of Income-Based Repayment (IBR).This program, which has been available to federal student loan borrowers since [...]
Education Technology is Not About Gadgetry
Sunday’s New York Times has an article about the launch of the National Center for Research in Advanced Information and Digital Technologies, which finally secured an appropriation of $50 million after more than nine years of trying to get off the ground. The quasi-governmental agency (it’s an independent not-for-profit that gets all its money from [...]
Putting a Face on School Lunch
School cafeteria lunches catch a lot of flak from policymakers and those interested in food policy. And rightfully so. Low per-meal subsidies and a lack of on-site kitchens means most schools are generally stuck serving lunches that consist of little more than reheated unhealthy entrees and side dishes that make food sold at hot dog [...]
What do you get for 8 percent?
Last week, the U.S. Department of Education released several new potential regulations aimed at for-profit vocational schools and misuse of the federal student loan program. While much of the attention during this process has focused on other regulations targeted at how for-profit schools pay recruiters for enrolling students, Inside Higher Ed picked up on an [...]
Opaque Transparency
A friend and I were chatting during last week’s college football championship game about big-time NCAA sports teams, their profitability, and whether most athletic departments make money or not. I told him about Chad’s post from October on the NCAA’s annual report, which showed that all but 25 of the 119 schools in college football’s [...]
There’s Always Money in the Banana Stand Higher Education
The New York Times and two major unions appear to have come to the conclusion that the Washington Post reached a long time ago—the real money is in higher education. They just need to hope they don’t have a grandson who will burn it down.
[h/t: College Guide]
A Light Breeze of Change for Flagships
The hot higher education paper du jour is yesterday’s report from Education Trust, “Opportunity Adrift,” which takes a hard look at the financial aid and enrollment policies of public flagship institutions. Similar to a 2006 study on the same subject, the report’s authors are highly critical of public flagships, noting that “though they are subsidized [...]
Spam is Scary Stuff
I just received an email titled, “Bachelors, Masters, or Doctorate Degree. (sic),” with this body:
BECAUSE YOU DESERVE IT! Is your lack of a degree holding you back from career advancement? Are you having difficulty finding employment in your field of interest because you don’t have the paper to back it up – even though you [...]
The Right Moves?
Community colleges have become the new policy darlings over the last year-plus. Their lower price tag makes them an attractive place to begin a postsecondary education before transferring to a more expensive four-year school, while curricula that are more focused on local vocational needs increases their popularity as a place to get new or updated [...]
Taking Down Diploma Mills
In lieu of Friday’s normal links, here’s a not-so-quick hit that’s worth a read.
What do you get when you cross a diploma mill, the Mayflower Hotel, Liberia, and a University of Illinois Physics Professor? A very entertaining story in this month’s issue of Wired about George Gollin and how his indefatigable research brought down a [...]
False Choices in the Value of College
The Washington Monthly’s College Guide brought to my attention this Huffington Post article arguing that college is a bad deal. Analyzing the cost of college versus an up-front investment, the author, James Altucher, argues:
Over the course of a lifetime, according to CollegeBoard, a college graduate can be expected to earn $800,000 more than his counterpart [...]
Special Admissions for Football Players
Alabama and Texas square off tonight in college football’s Bowl Championship Series (BCS) title game (although Boise State just finished undefeated, won its own BCS game, and has a justifiable claim to the title as well). While Ben Miller has already analyzed how well the bowl schools do in terms of graduating their students, the [...]
For Richer For…
In the last decade a handful of elite colleges have announced new financial aid policies, things like eliminating student loans and reducing the net cost of attendance to $0 for very low-income students, to much fanfare. These generous policies, which earned the schools great free publicity, turn out to be for naught. Today’s InsideHigherEd has [...]
The Default Option
Intermountain Healthcare in Utah began experimenting with setting default medical procedures for certain conditions in the 1980s. First launched as a research grant to study a pulmonary disorder common in young adults, the hospital chain has since reviewed practices for 50 clinical conditions that account for more than half of Intermountain’s patients. What they’ve found [...]
Deep Libertarian Confusion
Writing for Positive Liberty, libertarian D. A. Ridgely critiques “That Old College Lie,” an article I recently wrote for Democracy arguing that the key to holding down college costs in the long run is to increase transparency in the higher education market. Says Ridgely:
I think Carey has a point regarding the data resulting from various [...]
It’s Hard to Shut Down Problem Schools When Congress Does Not Allow It
A couple sites have picked up on a story coming out of Portland, Ore., about a lawsuit involving former students at Business Computer Training Institute (BCTI), a for-profit institution that is about to pay out $200,000 to students who allege that they were ripped off by receiving a poor quality education and lousy job prospects. [...]
Cohort Default Rates: FFEL vs. DL
When asked by the Chronicle of Higher Education why the chain of for-profit schools he oversees had such a high three-year cohort default rate, Arthur Benjamin, the chief executive of ATI Career Training Center, cited the fact that his institutions did not provide loan counseling after two years. What’s funny about that explanation is that [...]
The Classroom Performance of College Football’s Elite Teams
Every year, the top college football teams rake in millions of dollars through lucrative bowl game appearances. But while these contests significantly raise a school’s profile and give national attention to a few superstar athletes, only about half of those playing in the games will actually leave school with a degree.
There is, however, some variability [...]
Semantics and For-Profits
Daniel Bennett over at the Center for College Affordability and Productivity has an item concerning this post from Monday about how for-profit colleges, or market-funded institutions (more on that in a second), make up a disproportionate share of borrowers and students who default. While he agrees with my suggestion that for-profits should publicly take on [...]
Poor Odds
While Ben provides an in-depth look at the recently released three-year cohort default rates, here’s another way to look at the numbers:
At 400 colleges, students have better odds of defaulting on their student loans than they do of graduating.
Some may argue that statements like this unfairly target schools serving low-income students, but they’re wrong. No [...]
Cohort Default Rates: Putting For-Profits In Perspective
A number of posts today have discussed how for-profit institutions fare poorly when viewed through a three-year cohort default rate calculation. But here’s a chart that should hopefully underscore the extent of the problem that default performance of for-profit institutions represents.
What this chart shows is that for-profit institutions enroll about 7 percent of the students, [...]
Cohort Default Rates: Who Changed the Most?
As I noted earlier, one result of the new trial three-year cohort default rates are that all sectors have higher average default rates than they did under the two-year measurement window. But these rates also represent a summation of all schools in a given sector, obscuring those who either had very small gains or huge [...]
Cohort Default Rates: Who Could Be Punished and Who Should Be Thanking Lobbyists?
As part of an agreement with for-profit college lobbyists to allow the cohort default rate measurement to increase from two to three years, the new formula requires schools to record three consecutive years of default rates above 30 percent in order to face sanctions—a 5 percentage point increase over the previous threshold. An analysis of [...]
Cohort Default Rates: Bad News All Around, Worse at For-Profits
When the proposal to expand the cohort default rate measurement from two years to three first came out, for-profit colleges protested vehemently that the new metric would paint them in an unfavorable light. A look at the new trail three-year rates released today by the U.S. Department of Education reveals that they certainly had reasonable [...]
Cohort Default Rates: An Introduction
The federal student loan system is primarily focused on getting aid to students and doing so at a reasonable cost to the taxpayer. But the flipside to providing tens of billions of dollars in annual federal assistance is that there needs to be some sort of mechanism in place to ensure that subsidized loans and [...]
How the Office Got Financial Aid Policy Right
In its continued quest for topicality this season, The Office turned to the issue of college tuition for its episode last Thursday. In a sequence so awkward that even Larry David would cringe, Michael Scott (Steve Carell) had to explain to a room full of high school seniors that he would not be able to [...]
The Quidditch Pitch
Lauren Edelson is a smart, high-achieving high school senior. She’s been visiting some of the top liberal arts colleges in the nation, trying to imagine herself at each of these schools. Unfortunately, she’s been a little underwhelmed:
Back when I was a junior, before I’d printed off an application or visited a campus, I had high [...]
Higher Ed By the Numbers
There’s been a lot of different higher education things going on lately, so here’s a few figures to consider:
80 Score out of 100 given to the Direct Loan servicing in 2008 on a test of customer satisfaction given by CFI Group. (Scores represent satisfaction, satisfaction relative to expectations, and satisfaction relative to ideal service.)
71 Comparable [...]
The Death Penalty Theory of Student Loan Repayment
A common argument used by advocates of the death penalty is that the threat of capital punishment serves as a crime deterrent because the fear of such a harsh sentence scares potential perpetrators from breaking the law. That logic does not work for crime, so why should lenders assume that similar logic will help reduce [...]
The Hypnotist Situation
While Congress has become pretty thoroughly professionalized in recent decades, state legislatures are still home to some genuinely eccentric people. Back when I was working for the Indiana General Assembly, one member (and not the member who was, no lie, a radio psychic) became convinced that it was crucially important for the state to address, via [...]
The Indebted Graduates of 2008
Seniors who graduated with student loans in 2008 faced a rough job market, as the U.S. economy started heading into a recession and unemployment began rising. But according to an analysis of borrowing data released yesterday, these recent entrants to the labor market had an added disadvantage—large levels of debt.
According to the report “Student Debt [...]
You Can’t Spell “Accreditation” Without “Credit”
I like to tell people I majored in public policy, but the truth is right there on the diploma. It says “Interdisciplinary Studies,” which is another way of saying I created my own major by picking courses from a number of university departments. I took some Economics, dabbled in Political Science, signed up for graduate-level [...]
Waiting for Sputnik
In the course of presenting a very interesting paper on international college rankings at an accountability conference I co-hosted yesterday, Ben Wildavsky made an observation that I strongly endorse: international competition in higher education isn’t a zero-sum game. In fact, I think there’s a good argument that America would be better off if we no [...]
FSA Annual Report: Cohort Default Rates
I already outlined a few interesting data tidbits that are in Federal Student Aid’s annual report (large PDF), but the report also has some information that is worth taking a closer look at in its own post. One of these areas is student loan default rates .
Loan default rates are one of the few federal [...]
Chart of the Day: A Simpler FAFSA
Just how much simpler is the new Federal Application for Federal Student Aid? This chart, which is taken from page 49 of the PDF of Federal Student Aid’s fiscal year 2009 report tells a pretty clear story:
Inches, Meters, and Miles, Oh My!
Matthew K. Tabor takes to his blog to write an impassioned response to a piece I wrote, backed up by over 250,000 student records on the class of 1999, arguing the SAT and ACT mattered little in college admissions. His evidence? He The New York Daily News found a student who gasp! graduated high school [...]
Where Does the Aid Go?
In the past week I’ve had the occasion to do some quick research on a number of institutions that had students take out federal loans in the past academic year but do not show up in the Integrated Postsecondary Education Data System—a U.S. Department of Education database with information on graduation rates, tuition, fees, and [...]
Student Loan Reform is About More Than Cost Savings
With health care reform’s progress making a tortoise look like Usain Bolt (Saturday’s vote notwithstanding), efforts to reform the federal student loan programs have been more or less stuck in a holding pattern for the last seven weeks. Such inaction has provided time for new ideas and proposals to emerge and for those opposed to [...]
Student Loan Jobs
No matter it’s structure, it’s a widely accepted fact at this point that there are ways to reform the federal student loan programs in order to reduce costs. At this point then, the more salient issue becomes exactly what these reforms should look like and what additional goals should be considered during these changes.
In mid-September [...]
A New Higher Ed Data Site
Yesterday, the Institute for College Access and Success launched College-Insight.org, a new Web site that provides a wealth of data on individual colleges, systems, states, and sectors. It presents data on a range of topics, such as student financial aid, enrollment, degree production, and diversity. It’s definitely well worth a look.
Crossing the Finish Line: The SAT and ACT
Crossing the Finish Line, an important new book by former Princeton president William Bowen, former Macalaster College president Michael McPherson, and Matthew Chingos, relied on two massive databases on the entering class of 1999–one on 96,000 first-time freshmen and 30,000 entering transfer students at 21 flagship universities and the other on 108,000 freshmen and 42,000 [...]
Marketplace takes on Phoenix
NPR’s Marketplace is running a two-part series on whether the cost of a degree at the University of Phoenix, the largest for-profit college in the country, is worth it. The first part of the series focuses on Phoenix’s shady recruitment and financial aid practices—and the consequences for students and taxpayers of students taking out federal [...]
The Merits of Culinary School
Last week, the New York Times, ran a higher education-focused section of Education Life. Contained within that package was an article on continuing education for people attending culinary school. In general, I’ve always lumped culinary and journalism school into the same category of paying a lot of money for a degree in something that’s best [...]
Crossing the Finish Line: College Dropouts
Crossing the Finish Line, an impressive new book by former Princeton president William Bowen, former Macalaster College president Michael McPherson, and Matthew Chingos, relied on two massive databases on the entering class of 1999–one on 96,000 first-time freshmen and 30,000 entering transfer students at 21 flagship universities and the other on 108,000 freshmen and 42,000 [...]
The Private Loan and For-Profit School Partnership
Last week, Student Loan Xpress, a company at the forefront of the federal student loan scandals in 2007, announced that it would forgive $112.8 million worth of private student loans it made for students to attend an unaccredited flight training school based in Nevada. The school, which charged $70,000 a year for tuition, shut down [...]
Crossing the Finish Line: College Admissions
Crossing the Finish Line, a new and impressive book by former Princeton president William Bowen, former Macalaster College president Michael McPherson, and Matthew Chingos, relied on two massive databases on the entering class of 1999–one on 96,000 first-time freshmen and 30,000 entering transfer students at 21 flagship universities and the other on 108,000 freshmen and [...]
Why There’s No Such Thing as a Three-Year Free Lunch
The latest Newsweek cover story is titled, “The Three Year Solution: How the Reinvention of Higher Education Benefits Parents, Students, and Schools,” by Senator (and former University of Tennessee president) Lamar Alexander. Like the discussion of three-year bachelor’s degrees generally, the article is at best shallow and at worst deeply confused.
The article begins with the [...]
Maryland Limits Public Higher Ed for In-State Students
The foundational principle of taxpayer-supported higher education is that local tax dollars subsidize costs so that in-state residents get access to classes and degrees at a cheaper cost than people from elsewhere. The hope is that people receiving these credentials will then remain in the state, contributing to its economic growth and prosperity.
This logic does [...]
Don’t Let Colleges Off the Hook with Net Price
As Kevin noted yesterday, the College Board’s Trends in College Pricing 2009 yet again shows significant percentage and absolute increases in tuition and fees in every higher education sector for this year. Regardless of how you spin it, college price is still going up while almost every other indicator for consumers plummets.
That is, unless you [...]
Athletics Spending Rises
The NCAA released its annual report on trends in athletic department budgets. Among the findings:
Athletics budgets now consume 5.44 percent of Division I Football Bowl Subdivision institutional budgets, up from 4.75 percent in 2006.
Although these schools have athletic departments that generate far larger revenues (mainly through football and men’s basketball) than lower division peers, [...]
Spinning Trends in College Pricing
The College Board announced today that the price of higher education increased significantly in 2009, rising faster than inflation and family income. In other news, the sun rose in the east, teenagers were sullen and uncommunicative, too much alcohol gave people false courage, and politicians told people what they wanted to hear.
Following past practice, the [...]
Crossing the Finish Line: Transfer Students
Crossing the Finish Line, an impressive book by former Princeton president William Bowen, former Macalaster College president Michael McPherson, and Matthew Chingos, relied on two massive databases on the entering class of 1999–one on 96,000 first-time freshmen and 30,000 entering transfer students at 21 flagship universities and the other on 108,000 freshmen and 42,000 transfers [...]
Assault on Online Learning? Not Really.
“A largely unnoticed assault upon the nation’s vibrant market in online learning” is how Rick Hess, writing for the National Review Online, characterizes the Obama Administration’s proposal to spend $500 million over ten years to develop online high school and college courses. Hess argues that there is already a robust private market and invokes the [...]
Basketball and “Opportunity”
Late last week I got a call from a sports reporter at USA Today who was writing about Binghamton University’s deeply embarrassing men’s basketball team. The amazingly-still-employed coach, Kevin Broadus, a man who thought this would be a really good week to commit new recruiting violations, was formerly an assistant to Georgetown University coach John [...]
A Lone Student Voice Publicly Opposed to SAFRA
Earlier this week, a group of student loan companies and servicers launched Protect Student Choice, a campaign that is lobbying against the bill that would end subsidies for private lenders in the Federal Family Education Loan (FFEL) Program and use those savings to increase the Pell Grant for low-income students. Based upon the list of [...]
The Problem With Making Stuff Up
A few months ago a magazine editor sent me proofs of some upcoming higher education books, to see if I’d be interested in writing a review. One was title Wannabe U, by University of Connecticut sociologist Gaye Tuchman. That sparked my interest–my father was once a professor at UConn and I lived in Storrs until [...]
Debating Cato on College Costs
On Tuesday I walked up L Street to the Cato Institute for a debate about spiraling tuition and the role of the federal government in higher education. As you might imagine, I was on the “there should be one!” side of the argument whereas Neal McCluskey from Cato took the “everything will be fine if [...]
Harvard, Resentment, Legacies, Class Size, Etc.
There’s been a fair amount of commentary on the Harvard column I wrote for the Chronicle last week. This critique in Harvard magazine was thoughtful, as were many of the comments under the piece on the site itself. Not all, though: For the record, I’ve never applied to or been rejected by Harvard, although if [...]
Brown Shows Why Tuition Charges Are Worse than Taxes
Earlier this year, Brown University’s governing board voted to set tuition at $38,048 for the 2009-10 academic year—a 3 percent, or $1,108.19, increase from the previous year’s mark. This morning, the Brown Daily Herald reported that thanks to an unexpected $2 million tuition surplus, the school would be speeding up the construction process for an [...]
The Pizza Argument
One argument that’s commonly expressed to explain rising college tuition costs is that states devote smaller percentages of their budgets to higher education than they used to. Here’s Mark G. Yudof, Chancellor of the University of California (UC), in yesterday’s Chronicle explaining why tuition at his schools needs to go up 32 percent over the [...]
The Limits of Financial Aid Policies
The halftime festivities of many big-time college basketball games feature a contest in which one student gets the opportunity to sink a halfcourt shot or series of shots for a chance to win a car or some other large prize. Paying off a winning prize is expensive, but the organizer doesn’t really have to worry [...]






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