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Default rates on student loans are high because standard commercial lending standards are ignored.
 
The United States got along nicely for its first 176 years without any federal legislation on higher education.
 
Bipartisan agreement can be hard to find these days in Washington.
 
By: jonah
This week saw the Burr campaign unveil its "Students for Burr" leadership team, its second leadership team in as many weeks.
 
Federal student aid programs abound in examples that demonstrate a point economists often make: government policies almost always have undesirable consequences that weren't anticipated, or if they were didn't matter much to the politicians.
Federal student aid programs abound in examples that demonstrate a point economists often make: government policies almost always have undesirable consequences that weren't anticipated, or if they were didn't matter much to the politicians.
 
In his 1955 paper "The Role of Government in Education," Milton Friedman suggested the idea of equity contracts to finance college education. Friedman thought that loans were not the appropriate means of financing education. He argued that the better way was to advance the needed funds for...
In his 1955 paper "The Role of Government in Education," Milton Friedman suggested the idea of equity contracts to finance college education. Friedman thought that loans were not the appropriate means of financing education. He argued that the better way was to advance the needed funds for...
 
Last September, the Bill & Melinda Gates Foundation awarded $3.3 million in grants for papers on the subject of federal student aid programs--specifically, how we should "reimagine" student aid. The papers were recently released, but there wasn't anything very imaginative in them.
Last September, the Bill & Melinda Gates Foundation awarded $3.3 million in grants for papers on the subject of federal student aid programs--specifically, how we should "reimagine" student aid. The papers were recently released, but there wasn't anything very imaginative in them.
 
For decades, rising college tuition rates have been almost as reliable a feature of American life as death and taxes. A substantial part of the increase has underwritten student aid, often in the form of merit scholarships.
For decades, rising college tuition rates have been almost as reliable a feature of American life as death and taxes. A substantial part of the increase has underwritten student aid, often in the form of merit scholarships.
 
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