(Steven Hayward) We’ve noted the higher education bubble a few times here before, but today’s news story from FuelFix, an online publication of Statoil, is worth chortling over: South Dakota’s New Mining Grads Beat Harvard for Pay Harvard...Show More Summary
HIGHER EDUCATION BUBBLE UPDATE: We Can’t Afford Any More In-State Students!
HIGHER EDUCATION BUBBLE UPDATE: Big Troubles Ahead For Online Learning? I don’t think I buy this critique.
HIGHER EDUCATION BUBBLE UPDATE: Does Student Loan Debt Put a Damper on Your Relationship? “About 37 million Americans are weighed down by college debt, according to a recent report from the Federal Reserve Bank of New York. Twenty-seven percent of those students and ex-students also have past-due balances. The loans, whether they are his, hers [...]
HIGHER EDUCATION BUBBLE UPDATE: Galloping To Insolvency. The spiraling rise of component costs in higher education are helping to inflate the higher-education bubble. One of the reasons those costs are out of control is that colleges and universities see no merit in keeping track of some of the larger ones. You cannot exercise fiscal discipline [...]
HIGHER EDUCATION BUBBLE UPDATE: Coursera Tops 1 Million Students. “Coursera, the company that provides support and Web hosting for massive open online courses at top universities, announced Thursday that more than 1 million students have registered for its courses.”
HIGHER EDUCATION BUBBLE UPDATE: The Future of Online University Education. “The current rate of tuition hikes is clearly unsustainable, and I believe that within the next 10 years there will be a big disruption. The traditional 4-year college experience won’t go away, but what if you could also earn credits with an online class taught [...]
HIGHER EDUCATION BUBBLE UPDATE: Big Jump in Student Debt for Well-Off Families. “The biggest jump in student borrowing (by economic group) between 2007 and 2010 was from families with incomes of $94,535 to $205,355.” That makes sense. These are people who are too “well-off” for price discrimination financial aid, but not well enough off to [...]
HIGHER EDUCATION BUBBLE UPDATE: Feds Dock Social Security Checks For Unpaid Student Loans: More retirees are falling behind on student debt, and Uncle Sam is coming after their benefits. “From January through August 6, the government reduced the size of roughly 115,000 retirees’ Social Security checks on those grounds. That’s nearly double the pace of [...]
HIGHER EDUCATION BUBBLE UPDATE: Bernanke Just Assured That The Student Loan Bubble Will Be The Next “Financial Stability Issue.”
HIGHER EDUCATION BUBBLE UPDATE: Student Loan Debt Weighs Down Recovery. “Finally, we have some (arguably) good economic news: Americans’ credit levels have returned to their pre-recession peak of $2.58 trillion. This is usually a good sign for the economy. Higher credit means more consumers are shopping, more banks are lending, and confidence in general is [...]
HIGHER EDUCATION BUBBLE UPDATE: Student debt follows growing number of borrowers into their 50s, 60s.
HIGHER EDUCATION BUBBLE UPDATE: Families Make Big Changes To Pay For College. “I think I’ve maybe mortgaged my future in ways that I couldn’t have imagined when I went back to school.” She has no savings, no money put away for retirement and is thinking of taking on a second job to pay off her [...]
HIGHER EDUCATION BUBBLE UPDATE: Peter Wood: Too Many College Students? Yes, Unfortunately.
HIGHER EDUCATION BUBBLE UPDATE: The Economist: The college-cost calamity — Many American universities are in financial trouble. “Four-year residential colleges cannot keep on forever raising their fees faster than the public’s capacity to pay them, especially when online degrees are so much cheaper. Universities that fail to prepare for the hurricane ahead are likely to [...]
HIGHER EDUCATION BUBBLE UPDATE: Since 2009, the UC Board of Regents and President Mark Yudof have responded to state retrenchment by taking the axe to their campuses—cutting hundreds of millions of dollars from UC’s budget, raising tuition 32% and more recently proposing another tuition hike of 81% over the next four years. The response has [...]
HIGHER EDUCATION BUBBLE UPDATE: Degree of debt: Students mortgage future for higher education.
HIGHER EDUCATION BUBBLE UPDATE: Going Away to College This Fall? You’re Now the Exception. “For American students, heading off to college has traditionally also meant physically going away to college. But now, at a time when college costs are soaring, and when news of young people being saddled with burdensome student loan debt is unavoidable, [...]
HIGHER EDUCATION BUBBLE UPDATE: Obama’s New Federal Office for Black Students.
HIGHER EDUCATION BUBBLE UPDATE: Student loan debt threatens graduates’ financial future.