Tag: university

Biden Is Wrong About Student Debt Forgiveness

Posted on by Lone Candle

“Despite failing to enact blanket student loan forgiveness, Joe Biden has still managed to forgive more than $130 billion in federal student loans since taking office in 2021—and due to a series of Education Department rule changes, even more loans are set to be forgiven in the coming years.”

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“Under the REPAYE plan, previously the most popular IDR plan, borrowers were required to make regular monthly payments of 10 percent of their discretionary income (calculated as earnings above 150 percent of the federal poverty rate) for 20 years in order to receive forgiveness. But in 2022, Biden announced the Education Department would replace the REPAYE plan.
In its place, the Saving on a Valuable Education (SAVE) plan is a significantly more generous alternative, only requiring monthly payments of 5 percent of borrowers’ discretionary income (now calculated as earnings above 225 percent of the federal poverty rate), with forgiveness after just 10 years for balances less than $12,000. Late or incomplete payments would still count during the required repayment period, unlike under the REPAYE plan.”

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“In all, the new IDR plan is estimated to cost taxpayers nearly as much as Biden’s original attempt at forgiving $475 billion over the next decade (blanket forgiveness was estimated to cost up to $519 billion). While Biden claimed that his recent forgiveness would help swaths of Americans “buy a home start a business even start a family,” it certainly isn’t typical taxpayers—the majority of whom do not have the benefits of a college degree, or the student loans to match—who will end up benefiting.”

https://reason.com/2024/03/07/biden-is-wrong-about-student-debt-forgiveness/

Why elite colleges are bringing the SAT back

Posted on by Lone Candle

“according to Opportunity Insights’ findings, it can be the case that tests reinforce inequality generally but also allow schools to identify individual kids who are academically prepared despite challenging circumstances.”

https://www.vox.com/24083809/college-university-sat-testing-requirement-ivy-league-yale

The Real Student Loan Crisis Isn’t From Undergraduate Degrees

Posted on by Lone Candle

“There are real problems with America’s student loan system. But they mostly involve people who take on debt to pay for expensive graduate degrees.
Those problems are rooted in a little-known 2005 law that eliminated a cap on the amount of federal student loan debt that graduate students were allowed to take on. In the following decade and a half, the amount students borrowed for graduate school climbed.

Students weren’t just borrowing to pay for high-quality graduate programs. Some of the graduate programs that saw students take on the largest debt burdens were those that provided the least value in terms of quality instruction or earnings.

Graduate students, in other words, weren’t just taking on more debt. They were taking on more debt for less lucrative degrees, offered by programs eager to absorb federal loan dollars. Even as undergraduate degrees largely held their value, a bevy of newly subsidized graduate degrees have lured students into expensive programs of dubious quality.”

https://reason.com/2024/02/06/the-real-student-loan-crisis/

Universities Use DEI Statements To Enforce Groupthink

Posted on by Lone Candle

“Inbar is an eminent, influential, and highly cited researcher with a Ph.D. in social psychology from Cornell University. There is no question that he is qualified. Anyone worth their salt doing work on political polarization knows Inbar’s name. Inbar also jumped through all the hoops UCLA put up for the job, including submitting a diversity, equity, and inclusion (DEI) statement, which is currently all the rage in colleges and universities. He even shares the politics of the majority of the psychology department. But on his podcast, Inbar had expressed relatively mild concerns over the ideological pressures that DEI statements impose and wondered aloud whether they do harm to diversity of thought.

As a result of this petition—signed by only 66 students—UCLA did not hire Inbar. And he’s not the only academic this has happened to. Far from it.”

https://reason.com/2024/01/06/the-conformity-gauntlet/

Could Elite Colleges Embrace the SAT Again?

Posted on by Lone Candle

“While many are put off by the persistent score gaps across racial and economic lines, the idea that ditching the test will help minority students or those from low-income families is short-sighted. Yes, SAT scores correlate with income and race—but so do high school GPAs and essays, the other metrics elite colleges most often rely on in the absence of test scores.
GPA is a particularly muddy metric to rely on when making admissions decisions for highly selective colleges, as rigor—and grade inflation—varies widely between high schools. Leonhardt highlighted two recent studies that show this. One found that SAT scores were much more predictive of success (such as being admitted to a top graduate school or being employed by a prestigious firm) than high school GPA. The second found that college grades were much better predicted by standardized test scores than by high school grades.”

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“Ultimately, those who stand to benefit most from test-optional admissions aren’t disadvantaged students but mediocre wealthy ones. Standardized test scores, while imperfect, are the closest to an objective measure colleges have for making admissions decisions—one that isolates academic achievement from expensive extracurriculars and tutor-polished essays.”

https://reason.com/2024/01/08/could-elite-colleges-embrace-the-sat-again/

Killing the SAT To Help Underprivileged Students Actually Benefits Rich Kids

Posted on by Lone Candle

“The study provides yet more evidence that the recent move to ditch SAT and ACT test requirements in favor of a higher emphasis on nonacademic measurements will end up hurting low-income students rather than helping them. While a move away from standardized testing has been hailed as a move to increase racial and economic equality, a greater reliance on admissions essays, extracurriculars, and teacher ratings will make it harder for talented yet disadvantaged students to prove themselves when applying to elite universities. One 2021 study backed this up, finding that student essays were more closely correlated with income than SAT scores.”