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Quality peers, not quality police

Quality peers, not quality police

As I continue in this series on higher education policy, I now shift from policy considerations related to student financial aid to the government’s role in educational quality assurance. Consider my higher education policy proposition #9:

Government policy should respect and support independent peer review as a credible quality assurance mechanism.

Lending to students: who profits?

Lending to students: who profits?

Here’s a dirty little secret: the government profits from student loans—big time. Annual student loan interest revenue to the federal coffers amounts to $29 billion.

Well, before you count the cost of loan forgiveness and defaults. But, in government, your accounting doesn’t have to add up. A gain in one budgetary column need not be reconciled to a loss in another.

What’s wrong with this system?

In continuation of my two previous posts on the subject of student borrowing, here is higher education policy proposition #8:

The government should not be a public lender and should not benefit financially from student borrowing.

The borrower is slave of the lender

The borrower is slave of the lender

We’ve now turned the corner in this series on higher education policy. Are you still with me? In this post, I invite you to consider my seventh of twelve propositions relative to national higher education policy.

Higher education policy proposition #7:

Government policy should dis-incentivize student debt and prevent servitude to educational debt.