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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...
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 weren't 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 who's recently graduated or follows the troubling stories coming out of America's institutions of higher learning, it's clear that more money isn'...
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 Government with a Federal Direct Student Loan Program, to be partially phased in over a five-year transition...