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Private Lending: The Way to Reduce Students' College Costs and Protect America's Taxpayers

Under the Administration of former President Barack Obama, the federal government expanded its role in the student loan market dramatically. Today, roughly 90 percent of all student loans are originated by the federal government, leaving a very small share of the market for private lenders. Recent research indicates that the federal government’s involvement has done more harm than good. In fact, the exponential rise of college tuition prices has been attributed to unfettered access to federal ...
New York United States Kevin James Mark Warshawsky William Mann Karen Shen

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I Just Made My Last Student Loan Payment—Here's How to Improve the System

I borrowed over $30,000 for college, and after many years of repayment, I am now officially (student loan) debt-free. By a bizarre twist of fate, much of my professional life has been devoted to studying financial aid programs like student loans. In this essay, I reflect back on how my student loan experience compares to...
United States New Zealand United Kingdom Nicholas Barr Daniel Kreisman Susan Dynarski

Biden's Education Budget Won't Make College More Affordable or More Equitable

  Share Source: Leisa Thompson/The Ann Arbor News via AP, File When President Biden rolled out his budget request for the 2022 fiscal year, conservatives werent surprised that it included a laundry list of leftist malarkey. But beyond the tax and spend priorities lie a fundamental betrayal of the claimed commitment to equity espoused by the Biden Administration—especially in his budget request for the U.S. Department of Education.  For anyone whos recently graduated or follows the troublin...
New York United States Department Of Education New York Times York Federal Reserve Bank Biden Administration

The inflation happening right in front of us: government-backed student loans

The inflation happening right in front of us: government-backed student loans Share The acceleration in tuition costs in the past 30 years has a surprisingly simple origin, mostly stemming from Title IV: Student Loan ERISA Provisions — Subtitle A: Direct Student Loan Provisions — Student Loan Reform Act of 1993 — Amends the Higher Education Act of 1965 (HEA) to replace the Federal Family Education Loan Program, under which loans made by private lenders are guaranteed by the Governmen...
United States Family Education Loan Program Student Loan Program Omnibus Budget Reconciliation Act Student Loan Direct Student Loan Provisions

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