Update appended below. (Second indented quote format also corrected.) —- In the Comments thread to Dan Crawford’s post below titled “Kalamazoo County Michigan…People and Offices to Write to Protest the Stealing of a Home,” I wrote: Dan, you don’t understand. This is freedom, see. I mean, it’s not like it’s the FEDERAL government that’s doing […]
Republicans say they killed the bill that would lower interest on existing student loans because it does nothing to cure cancer … er, it does nothing to lower college costs and therefore reduce borrowing. Or cure cancer.
Republicans said the bill wouldn’t have done anything to lower education costs or reduce borrowing, and they accused Democrats of playing politics by highlighting an issue that was bound to fail. — Senate Republicans block student loan bill, Erica Werner, Associated Press, today The bill, written and sponsored by Elizabeth Warren, would allowed borrowers, including those […]
The New York Fed has some interesting statistics regarding the increase and composition of student debt by age and amounts. Such debt has tripled in the last nine years. Lots of reading to be had.
New America points us to Pell Grant cost projections: The Congressional Budget Office this week released updated cost projections for the Pell Grant program – and the estimates show an unexpected surplus over the past several years. The figures are much awaited because they dictate what lawmakers must allocate to the program in the upcoming […]
A few thoughts from a friend of mine and an introduction from a movie I (run75441) watch each year. “I don’t need 24 hours. I don’t have to talk to anybody. I know right now, and the answer’s no. No! Doggone it! You sit around here and you spin your little webs and you think […]
Higher Ed Watch reports on Sallie Mae: Last week, we wrote that Sallie Mae and its promoters on Wall Street claim the company was “blind-sided” by the rising default and delinquency rates on subprime private loans it made to low-income and working class students at poor performing higher education trade schools. It’s a convenient argument […]