Category: Education Economics

April 21, 2023

Education Secretary Miguel Cardona on Wednesday blasted the House Republicans’ proposed plan to lift the debt ceiling. The plan would block the administration from forgiving student loans and calls for cuts in federal spending. “Speaker [Kevin] McCarthy declared that he […]

April 11, 2023

Denying Florida Career College student aid represents one of the most significant enforcement actions the Office of Federal Student Aid, or FSA, has ever taken. It matches the Biden administration’s stated goals of holding poorly performing colleges — namely for-profits […]

March 20, 2023

Ask yourself: Would the $20 million gift that Bloomberg Philanthropies gave to Princeton in 2021 to support the university’s first-generation and low-income students have a greater impact at Tougaloo College, an HBCU with a $10 million endowment? The very question—posed […]

March 9, 2023

Two Brown University basketball players have sued the Ivy League over its prohibition on athletic scholarships, alleging the policy amounts to price fixing and denies athletes proper compensation for their services, the Associated Press reported. The lawsuit was filed Tuesday […]

March 6, 2023

Fossil fuel companies gave over $700 million in research funding to 27 colleges and universities from 2010 to 2020, according to a new study from the left-leaning think tank Data for Progress. The top recipients of fossil fuel research money […]

March 1, 2023

The 20th century witnessed an astonishing growth in presidential power, leading some to contend that the office had become “imperial,” dominating other branches of government. President Biden’s decision in 2022 to forgive more than $350 billion in student loan debt—an […]

February 28, 2023

One challenge school administrators face is how to keep funding in their districts, especially as enrollment in public schools continues to decline. As public school funding is often directly tied to student enrollment, administrators around the country are having to […]

February 21, 2023

Austin Beutner recalls struggling to fit in at a new school as a fifth grader. He felt awkward and alone until the music teacher suggested he try playing an instrument. Beutner took up the cello and found his voice. That […]

February 20, 2023

Nearly 47,000 people have been in student-loan repayment for at least 40 years, The Washington Post reported. The finding was based on data obtained from the Education Department through a Freedom of Information Act request. About 82 percent of the […]

February 13, 2023

Last week, Gov. Gavin Newsom released a proposal to strengthen accountability for the Local Control Funding Formula, or LCFF, the state’s K-12 funding system, and it couldn’t have come at a better time. This year marks the 10th anniversary of […]

January 31, 2023

The University of Utah announced Monday that it will launch a new financial technology center on campus in partnership with the private Stena Foundation and its founders, Steve and Jana Smith. The foundation has “orchestrated,” the university said, funds of […]

January 27, 2023

Lawmakers and student debt advocacy groups are pushing the Biden administration to develop backup plans in case the U.S. Supreme Court rules against the administration’s one-time student loan forgiveness plan, Bloomberg reported. The report was based on two sources familiar […]

January 17, 2023

A great deal has changed since March 2020, when executive and Congressional action paused payments on most federal student loans. The national unemployment rate spiked at 14.7 percent in April 2020, but receded dramatically and has stayed below 4 percent […]

January 13, 2023

When the final round of COVID-19 pandemic aid was passed, many had one question in mind: What would happen when the funding dried up? At the time, U.S. Secretary of Education Miguel Cardona advocated for a “sustained effort” even after […]

January 10, 2023

The proposed reworking of income-driven repayment plans, commonly known as IDR, fits with the Biden administration’s stated mission to overhaul the beleaguered federal student loan system and enact new borrower protections. Policymakers of all political stripes have called out flaws […]

January 4, 2023

For the largest of the federal K-12 programs, Biden had asked Congress to double Title I funding to $36.5 billion, but lawmakers agreed to $18.4 billion total — a $850 million increase over FY 2022. The next largest K-12 spending […]

January 3, 2023

Congress is sending more than $1.5 billion to colleges and universities thanks to earmarks and pouring millions more into student success grant programs as part of the $1.7 trillion spending package for fiscal year 2023 that lawmakers approved late last […]

December 22, 2022

The analysis offers a glimpse at trends in the graduate degree market amid seismic changes in federal student loan policy. President Joe Biden is fighting in court to carry out broad federal student loan forgiveness, and his administration has separately […]

December 1, 2022

New America Foundation has released a report, “In Default and Left Behind,” based on focus group interviews with 50 borrowers who went into default on their student loans before the pandemic. “Before they defaulted, many did not receive the benefits […]

December 1, 2022

New York University will invest $1 billion in its Tandon School of Engineering in Brooklyn, adding $400 million to the $600 million it had already pledged to the school. The money, which comes from the university’s own funds, will go […]