student loan

December 01, 2016

What happens when the government ‘forgives’ $108 billion in student debt?

To reduce the number of people defaulting on student loans, President Obama has been promoting income-driven repayment plans. The most widely available income-driven repayment plan for federal student loans—the Income-Based Repayment (IBR) plan—provides payment caps based on a borrower’s family size and income (150 percent of the poverty level). Continue Reading...

May 05, 2015

Book Review: ‘Disinherited: How Washington is Betraying America’s Young’

Things aren’t looking good for millennials. Tied up in the “American dream” is an assumption that you’ll do better than your parents, but those of us between the ages of 18 and 34 are predicted to be the first generation to actually do worse financially. Continue Reading...

November 13, 2013

How I Solve the Crisis in Underemployment and Student Loan Debt for Liberal Arts Majors

In his article today Anthony Bradley asks, “When Did College Education Reduce To Making Money?” Our country’s narcissistic materialism has created a neurotic obsession with disparities between the incomes of individuals resulting in an overall devaluing of the learning goals and outcomes of what colleges exist to accomplish. Continue Reading...

September 11, 2013

Commentary: Federal Student Loans as a Problem of Subsidiarity

“When loans are guaranteed by the state and detached from market forces and personal responsibility,” says Dylan Pahman in this week’s Acton Commentary, “those institutions being paid with that loan money experience inflated demand as everyone and anyone now can go and wants to go college. Continue Reading...

September 27, 2012

Is Student Loan Debt an Avoidable Crisis?

At the height of the housing crisis, it was estimated that 11 million homes in America were mortgaged for more than they were worth. That debt crisis may soon be dwarfed—if it hasn’t been already—by the student loan debt problem: With college enrollment growing, student debt has stretched to a record number of U.S. Continue Reading...

July 11, 2012

Misplaced Jubilation Over Student Loans

On June 29, both Houses of Congress passed, and President Obama signed, a law maintaining Stafford student loan interest rates at 3.4 percent for one more year – two days before they were scheduled to double. Continue Reading...