In April I posted here and here about the unsavory reasons for the bubble in student loans. Bloomberg has a nice piece here about currently pending legislation and suggested policy changes that would at least make student loan disclosures uniform.
I appreciated that the elephant in the room--the place for federal involvement in student loans--was raised:
In case you're wondering, I can assure my readers that there's no rent-seeking by the faculty of Regent Law School. And our mission expansion (primarily our Center for Global Justice) gets virtually all its funding from direct donations.
Taken together Bloomberg and NRO will give you a foundation for good questions as you (or your children) consider investing in higher education.
I appreciated that the elephant in the room--the place for federal involvement in student loans--was raised:
As college costs continue to soar, and taxpayers continue to foot more of the bill, we’ll need to consider more far-ranging reforms. Should we move toward expanding the government’s income-based repayment system, or start reducing the federal role altogether?And I very much appreciated the embedded link to a lengthy article in National Review Online considering the same question. (See it for yourself here.) NRO suggests that the hidden root of the student loan problem is the increasing cost of higher education, which is driven by rent-seeking (e.g., excessive salaries) and unrelated mission support.
In case you're wondering, I can assure my readers that there's no rent-seeking by the faculty of Regent Law School. And our mission expansion (primarily our Center for Global Justice) gets virtually all its funding from direct donations.
Taken together Bloomberg and NRO will give you a foundation for good questions as you (or your children) consider investing in higher education.
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