Commentary In a famous exchange in the “The Sun Also Rises,” Ernest Hemingway wrote: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.” “Gradually” and “suddenly” applies to higher education’s implosion. During the 1990s “culture wars” universities were warned that their chronic tuition hikes above the rate of inflation were…
Student Debt Is Not the Problem. The Higher Education Cartel Is.
Commentary To the extent he thinks about it, Joe Biden is probably expecting to be canonized by millennials whose student-loan debt he’s paring down. Depending on how the question is asked, though, the move is not popular. In a Trafalgar Group poll released on Sept. 12, more than half of likely voters—55.6 percent—and 64.6 percent…
Why College Prices Have Spiraled
August 31, 2022
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Commentary With the Biden administration’s announcement this week that it would continue the moratorium on student loan payments through the beginning of next year and will forgive up to $20,000 in student loan debt per student, student loan forgiveness is at the top of the current political agenda. Meanwhile, there’s little talk about bringing the cost of…
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