Student Loans

Will the Promise of Free College Sway Millennial Voters?

By on 6.23.15 | 5:22PM

Typical characteristics used to describe Millennials are as follow: short attention span, reluctance to leave the nest, and need for immediate gratification. Other descriptions include words such as disengaged, lazy, and narcissistic. What can I say, we’re a charming bunch.

But according to a survey produced by USB in 2014, the Millennials are cost-conscious as well. As reported by the Guardian, Emily Pachuta said the Millennials are very conservative when it comes to managing their money.

“They are becoming a generation of savers, having been frightened watching what has happened to their parents during the Great Recession,” Pachuta added. It hasn’t helped that their own generation has struggled with job security issues. If you’re under 30, you’re twice as likely to be unemployed as you were before the 2008 financial crisis.

Some DOE Staff Found New Way to Take Advantage of Students

By on 3.2.15 | 1:45PM

Student loans are a billion dollar industry for the government, which basically insures that the system, despite Elizabeth Warren's eternal pleadings, is unlikely to be reformed. But it seems, on at least a couple of occasions, the student loan process was very lucrative for a couple of individuals at the Department of Education as well (until they got caught at least).

According to a Freedom of Information Act request obtained by the Daily Mail, breach of conduct reports at the agency reveal identity theft, unlawful access to student loan records and a basic understanding of civics.

According to the documents - obtained by the Daily Mail Online through a Freedom of Information Act request - a number of government employees set up an illicit scheme to steal students' information.  

One woman created a bogus Department of Education account to access the National Student Loan Data System to aid her criminal plot.

While accessing the records, she would extract information from individual accounts.  

Small Government: Only One Side of the Coin

By on 6.17.14 | 5:11PM

"Small government" may be a catchphrase of conservatism, but it is only one side of the coin that buys a healthy society. Limited government is not an indisputable good, but rather a means to an important end. This end involves keeping space in public life for the institutions that promote human flourishing, and the maintainance of those institutions is a grand American tradition. As Tocqueville wrote:

Americans use associations to give fêtes, to found seminaries, to build inns, to raise churches, to distribute books, to send missionaries to the antipodes; in this manner they create hospitals, prisons, schools…Everywhere that, at the head of a new undertaking, you see the government in France and a great lord in England, count on it that you will perceive an association in the United States.

Student Loans, Student Debt, and Subsidies to Universities Should be Eliminated

By on 5.22.14 | 3:35PM

The Federalist has a thought-provoking piece on student loan debt today. Daniel Oliver believes the issue represents an incredible opportunity for the Republican Party. He argues that Republicans should endorse forgiving all student loan debt while at the same time eliminating all future student loan assistance programs. 

This is a big idea. Before you start shouting about personal responsibility, hear Oliver out:

Student debt is a public-policy issue that will keep on giving—giving problems to the Democrats, who created it, and the opportunity of a lifetime to Republicans, if they have the wit to seize it.

Crisis in Education: Tuitions Up, Revenues Down

By on 11.23.13 | 7:29PM

The Wall Street Journal reported yesterday that half of American colleges and universities are not able to generate enough revenue to beat inflation. “For 44% of public and 42% of private universities included in the survey, net tuition revenue is projected to grow less than the nation's roughly 2% inflation rate this fiscal year,” reported the WSJ, citing a report from Moody’s. Also, more than a quarter of public universities are seeing net decreases in revenue.

Mixed Bag on Student Loans, Transportation, and Flood Insurance

By on 7.3.12 | 4:05PM

On Friday, Congress overwhelmingly passed a transportation/flood insurance/student loan conference bill, ends three years of ad-hoc action by Congress to keep transportation funding from ending. While the bill was not as flawed as it could have been, and some concerns expressed by conservatives – including myself – about the political process related to the bill never came to pass, it is still a major disappointment that it got through so easily.

The issues with legislation are not just policy-driven; there were at least two procedural issues. Some good reforms were included, but four major sticking points stand out: