Tag Archives: Education

Unpacking the Myths of Financial Aid

Unpacking the Myths of Financial Aid
This is part of an ongoing series of printable pamphlets designed to explain how money flows through public research universities in general and the University of Michigan in particular.  By the Student Union of Michigan Originally published in StudentUnionofMichigan.Wordpress.com The pamphlets are intended to clarify arguments and push back against pervasive and seemingly “common sense” narratives about the crisis of public higher education ... Read more

The Lure of Taxable Debt

The Lure of Taxable Debt
Some universities have started forgoing their ability to issue tax-exempt bonds, long considered a benefit of their nonprofit status. Issuing taxable bonds instead makes sense under market conditions that defy conventional wisdom and allows institutions to avoid additional regulations on tax-exempt bonds, according to officials at an annual conference of college business officers. Read more

“No Excuses” in New Orleans

“No Excuses” in New Orleans
This fall, less than a decade after its post-Katrina, “grand experiment in urban education” began, New Orleans will become the first city in the country with an all-charter school district. The traditional school district has been effectively supplanted by the state-level Recovery School District, originally presented as a temporary solution to resuscitate lagging public schools before returning them to local control. The state of education ... Read more

How to Pay for a Free, Non-Racist Higher Education

How to Pay for a Free, Non-Racist Higher Education
Corinthian Colleges is going out of business, and other for-profit rip-offs will follow. However, “The very existence of Corinthian, Phoenix, Ashford and the other gangster institutions proves beyond doubt that the vast bulk of the existing U.S. educational establishment is not serving” Black and poor people. Yes, America needs free higher education, but the excluded classes also need a new system that is not hostile to their very presence. Read more

Borrowing Against the Future

Borrowing Against the Future
America’s higher education system is gaining a reputation for high costs and large inequities. In 2012, the U.S. spent $491 billion on higher education1 and twice2 as much per student than comparable industrialized countries. Where is all that money going? Scholars have offered several explanations for these high costs including faculty salaries, administrative bloat, and the amenities arms race.3 These explanations, however, all miss a ... Read more

Privatized Education Steals From the Poor, Gives to the Rich

Privatized Education Steals From the Poor, Gives to the Rich
Free-market capitalists view education in terms of products and profits. The products, to them, are our children. The profits go to savvy businesspeople who use a "freedom to choose" rallying cry to convince parents that they're somehow being cheated by an equal-opportunity public school system. Education reformers focus on privatization, public program cutbacks, and plenty of revenue-producing testing. There are at least five truths about ... Read more

Report: Charters Creating Two-Tier Education

Report: Charters Creating Two-Tier Education
As an antidote to the “grow grow grow” mentality of the elected officials and business leaders pushing charter schools, a recent report by University of Oregon professor and political economist Gordon Lafer outlines what’s wrong with privatization of public schools. The report, titled Do Poor Kids Deserve Lower-Quality Education than Rich Kids? Evaluating School Privatization Proposals in Milwaukee, focuses on the model of Rocketship, a ... Read more

Worst. Anniversary. Ever. #TrillionDollarDebt

Worst. Anniversary. Ever. #TrillionDollarDebt
This week marks the two-year anniversary of student loan debt topping $1 trillion nationally — and another year of missed opportunities to address this growing crisis. That $1 trillion represents the second-largest personal debt in the United States. But even that jaw-dropping reality doesn’t tell the stories of millions of borrowers who are hamstrung by federal student loan policies and the lack of meaningful action to address this crisis. ... Read more

Scathing Report Finds School Privatization Hurts Poor Kids

Scathing Report Finds School Privatization Hurts Poor Kids
The Economic Policy Institute asked Lafer to analyze the effects of privatization on the children these schools serve. The results are not pretty. A popular chain of charter schools called Rocketship, which originated in California and has spread to Wisconsin, with the enthusiastic support of state legislators and the local chamber of commerce in Milwaukee, is "a low-budget operation that relies on young and inexperienced teachers rather ... Read more

The education-wage disparity continues to grow

The education-wage disparity continues to grow
The jobless rate of Americans ages 25 to 34 who have only completed high school grew 4.3 percentage points to 10.6 percent in 2013 from 2007, according to Bureau of Labor Statistics data. Unemployment for those in that age group with a college degree rose 1.5 percentage points to 3.7 percent in the same period. “The underemployment of college graduates affects lesser educated parts of the labor force,” said economist Richard Vedder, director ... Read more