Student Loans

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.  

Send to Kindle

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.

Send to Kindle

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.

Send to Kindle

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.

Send to Kindle

I’ve Got 674,580,000,000 Problems and It’s All College Debt

By on 11.6.13 | 5:06PM

The follies and foibles of higher education in the present day have been well-documented. While learning outcomes flat-line and jobs stay scarce, spending on education has only increased dramatically. Today, CNSNews.com is reporting that the Obama administration has hiked up college loans by an astounding 463 percent since inauguration. Here’s the rundown:

Send to Kindle

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:

Send to Kindle