Financials

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Student Loans:

Federal spending on education grants and loans grew from $18.3 billion to $45.6 billion over the last 10 years; but College completion rates have hovered around 50 percent for the last 10 years and more students are dropping out; and The [Obama] Administration eliminated private sector involvement in the financing of student loans and relied exclusively on taxpayer-provided capital as part of a budget gimmick to finance [Obamacare].

http://americanactionforum.org/sites/default/files/Education%20Finance.pdf

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Student Loan Crisis Looms

http://finance.yahoo.com/blogs/daily-ticker/student-loan-crisis-looms-fico-risk-survey-132921610.html

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Fed: Student loans soar 275% over past decade

http://money.cnn.com/2012/05/31/news/economy/fed-student-loans/index.htm?hpt=hp_t2

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The Truth About College Aid: It’s Corporate Welfare

http://www.theatlantic.com/business/print/2012/05/the-truth-about-college-aid-its-corporate-welfare/257456/

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Society does not need to subsidize the economic elite.  Yet policies to defray the cost of interest rates on student loans do exactly that.  Perhaps the policies could be tolerated if the taxes and subsidies netted out to zero, but the net impact is to increase tuition costs and lower completion rates, which leaves many households with added debt but no degree to show for it.

http://economics21.org/commentary/todays-student-loan-recipients-are-tomorrows-economic-elite

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Student loans have basically ruined my life’: Yahoo News readers tell their stories”

http://news.yahoo.com/blogs/lookout/student-loans-basically-ruined-life-yahoo-news-readers-105332697.html

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Student debt is rising sharply among all age groups, but middle-aged Americans appear to be struggling the most with payments, according to new data released Tuesday by the Federal Reserve Bank of New York.”

http://online.wsj.com/article/SB10001424052702303612804577533332860797886.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsFifth

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There are some striking similarities between the private student loan market and subprime mortgage industry.

http://www.thefiscaltimes.com/Articles/2012/10/25/5-Ways-the-Student-Loan-Bubble-Mirrors-the-Housing-Crisis.aspx?p=1

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The looming crisis of student loan debt

http://www.cnn.com/2012/12/06/opinion/bennett-student-debt/index.html?hpt=op_t1

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College aid: Don’t take the bait

http://money.cnn.com/2013/01/01/pf/college/college-aid.moneymag/index.html?iid=A_PF_News

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U.S. Student Financial Aid Programs Receive an “F”

http://www.economics21.org/commentary/us-student-financial-aid-programs-get-f

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Only 150 of 3500 U.S. Colleges Are Worth the Investment: Former Secretary of Education

http://finance.yahoo.com/blogs/daily-ticker/only-150-3500-u-colleges-worth-investment-former-132020890.html

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College rankings inflation

http://www.aei.org/outlook/education/higher-education/consumer-information/college-rankings-inflation-are-you-overpaying-for-prestige/

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Value:

Degrees of Value: Making College Pay Off

For Too Many Americans, College Today Isn’t Worth It

http://online.wsj.com/news/articles/SB10001424052702303870704579298302637802002#printMode

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Addressing the declining productivity of higher education using cost-effectiveness analysis

http://www.aei.org/papers/education/higher-education/costs/addressing-the-declining-productivity-of-higher-education-using-cost-effectiveness-analysis/

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Degrees of Value: Making College Pay Off

For Too Many Americans, College Today Isn’t Worth It

http://online.wsj.com/news/articles/SB10001424052702303870704579298302637802002#printMode

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New Doubts about the Value of a College Degree

http://www.americanthinker.com/2013/11/new_doubts_about_the_value_of_a_college_degree.html

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The Higher Education “Bubble”:

… artificially cheap borrowing for higher education enable[s] students to spend more on college than they would otherwise.  That increased demand pushes up tuitions.  With more students able to afford college, schools have upped the ante by providing more and better amenities to attract them, which requires higher tuition and fees to cover those costs.  Government mandates have also added to the administrative bloat at many institutions, further raising costs and tuition.”

http://www.thefreemanonline.org/headline/bubbles-malinvestment-and-higher-education/

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Higher education is on a collision course.  Student debt exceeds credit card debt.  Tuition increases at a faster rate than even health care.  Studies show that more than a third of students learn virtually nothing in four years of college.  And even though the United States spends more per ­higher-education student than any other Organization of Economic Cooperation and Development nation, we have worse results.  Something’s got to give — or everything will.

http://www.washingtonpost.com/opinions/the-changes-the-university-of-virginia-must-make/2012/06/22/gJQAoAm5xV_story.html

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Why the Education Bubble Will Be Worse Than the Housing Bubble

http://www.usnews.com/opinion/blogs/economic-intelligence/2012/06/12/the-government-shouldnt-subsidize-higher-education_print.html

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Glenn Reynolds on The Higher Education Bubble

http://pjmedia.com/eddriscoll/2012/07/02/silicon-graffiti-glenn-reynolds/?print=1

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The college-cost calamity

Many American universities are in financial trouble

http://www.economist.com/node/21559936/print

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Study: College becoming unaffordable to Middle Class

http://www.sun-sentinel.com/business/fl-college-education-20120822,0,3404619,print.story

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The High Cost of College: An Economic Explanation

http://www.american.com/archive/2012/august/the-high-cost-of-college-an-economic-explanation/article_print

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Strapped colleges know that they can bring in more revenue from one student paying close to the full load than from a dozen low-income students.  So some are bribing rich kids to attend with $10,000 a year they don’t need—grant money that otherwise might have gone to the truly needy…   That leads to lower-paying jobs. Equal opportunity in higher education remains more an ideal than a reality.

http://www.businessweek.com/printer/articles/71822-student-loans-debt-for-life

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Student Loan Debt Owed to Federal Government Up 463% Under Obama

http://cnsnews.com/news/article/ali-meyer/student-loan-debt-owed-federal-government-463-under-obama

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How the College Bubble Will Pop

In 1970, less than 1% of taxi drivers had college degrees. Four decades later, more than 15% do.

http://online.wsj.com/news/articles/SB10001424052702303933104579302951214561682

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