Setting Up The Students

By: Friday October 24, 2014 6:36 pm

The high cost of college tuition and the worsening penalties for student debt raise the question “Should you go to college?”. Various disciplines are experiencing declines in enrollment, even areas like law schools. Where are the good jobs and is the training worth the expense?

Science, technology, engineering, and mathematics (STEM) are still portrayed an in-demand career choice despite reputable studies to the contrary (Falling Behind? Boom, Bust, and the Global Race for Scientific Talent by Michael Teitelbaum). A virtual congressional hearing brought together a knowledgeable group concerned about this job market. The four experts in this hearing have well respected academic credentials on this topic and had a consistent message that increasing the number of H-1B high skill guestworker visas will harm the STEM job market.


Late Night: Francisco Tapia – “Papas Fritas,”…not playing by the rules

By: Saturday May 24, 2014 8:00 pm

This video from Democracy Now! and Truthout shows what Francisco Tapia and the students are willing to do to bring about justice in the Chilean educational system.

Somehow not discussed at the beltway cocktail parties

By: Friday May 9, 2014 1:30 am

Funny that this is never seemingly thought of as having any relation to this…

JPMorgan Will Stop Making Student Loans

By: Thursday September 5, 2013 11:45 am

Too Big To Fail bank JP Morgan Chase will stop making student loans according to documents reviewed by Reuters. According to the documents the megabank is leaving the student loan business out of concern that competition with the federal government will reduce profit opportunities. But given the state of the student loan market the move will inevitably raise other questions.

Elizabeth Warren Wants Students to Have Same Privileges as Wall Street

By: Friday May 10, 2013 12:25 pm

As a recent study indicates that college and universities are giving financial aid to rich students at the expense of poor ones Senator Elizabeth Warren is offering a bill to bring student debt relief. Warren says students should get the same rates as Wall Street.

“Something’s Got To Give.”

By: Sunday April 7, 2013 7:18 am

Old Guy with the Dog takes a deep breath and looks up at the tall buildings, then up at the sky, and says, “Something’s got to give.”

Student Debt, Delinquencies Skyrocket

By: Wednesday November 28, 2012 12:10 pm

Student debt was a prime motivator for the Occupy movement. Some real oversight in higher education costs would go a long way toward driving that problem back down. But the easy accessibility to lending should raise concerns as well.

CFPB Report on Student Loan Servicing Shows Same Predatory Tactics as Mortgage Servicing

By: Monday October 22, 2012 9:00 am

The Consumer Financial Protection Bureau released an eye-opening report on student lending late last week that got me thinking about a simple truth I think I had overlooked previously. I’ve documented for well over a year the extent to which mortgage servicers make their profits almost entirely through ripping off their customers, adding on unnecessary fees, and basically using opaque processes to skim money off the top.

#OccupySupply Skill Share: Student Debt Rising

By: Wednesday August 15, 2012 4:25 pm

Click here to register; space is limited:

Our presentation this week will focus on the student debt crisis — and the activism surrounding this important issue.

CFPB Report Lays Bare Private Student Loan Market

By: Friday July 20, 2012 3:50 pm

The Consumer Financial Protection Bureau has delivered a report to the Senate Banking Committee on the rise of the private student loan industry. This industry took a hit after 2010, when the Affordable Care Act included a provision that ended the practice of private banks administering student loans guaranteed by the government, and just had the government issue the loans themselves. Private student debt origination grew from $5 billion in 2001 to $20 billion in 2008, but after the 2010 law, the market contracted to under $6 billion. The recession and tightening credit standards also had something to do with that.

But those loans from 2001 to 2008 are still out there, for the most part, particularly from the 2005-2007 period. And just like in the housing bubble, this period was characterized by reduced underwriting standards and a kind of “subprime” market.

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