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Opinion | Why Stanford Should Clone Itself


April 6, 2021
Credit.Illustration by The New York Times; Photograph by Jim Wilson/The New York Times
Stanford University’s faculty members may have convinced themselves that they struck a blow for egalitarianism when they voted for a policy meant to de-emphasize wealth in admitting undergraduates. But those professors should hold off on breaking out the champagne.
At a school like Stanford, wealth is not an explicit admissions criterion imagine the outcry if it were but the wealth of an applicant’s family makes a world of difference.
This isn’t news. A 2017 study showed that at 38 colleges, including five in the Ivy League, more students come from the top 1 percent of the income scale than from the bottom 60 percent. These hyperrich youths are a jaw-dropping 77 times as likely to attend an Ivy League college as those whose parents’ income is in the bottom 20 percent. ....

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Hans G. Despain: The student loan debt sentence


Hans G. Despain: The student loan debt sentence
Hans G. Despain
Political pressures for student loan forgiveness have been mounting for the past decade. There have been lender jubilees for financial institutions and massive bank bailouts, why not a jubilee for borrowers? 
National politicians should follow the lead of Massachusetts State Sen. Eric Lesser (D-Frist Hampden and Hampshire), who proposed a Massachusetts “Student Loan Bill of Rights.”
President Trump’s and Secretary of Education DeVos’ implementation of deferments is greatly welcomed, but only temporarily shepherds college debt burdens until Jan. 31, 2021. 
DeVos has been tone deaf to student debt burden urgencies. It is not clear where Biden’s secretary of education nominee, Miguel Cardona, stands on student loan forgiveness, but it is clear the Biden administration will face mounting pressure to even-the-playing-field between financial Titans and American citizens. ....

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