Some say that college is the next personal-debt-bubble to burst. But education and training are key to modern economic competitiveness. We discuss the state of higher education.
30 Issues in 30 Days is our election year series on the important issues facing the country this election year. Today: The future of American education at the postsecondary level. Visit the 30 Issue home page for all the conversations.
Glenn Reynolds, law professor at the University of Tennessee, InstaPundit blogger and the author of The Higher Education Bubble, joins us to argue that the U.S. is currently experiencing a higher education bubble that mirrors the housing bubble and that college tuition costs have vastly outpaced inflation and family income.
Jason Delisle, director of the Federal Education Budget Project at the New America Foundation, discusses the deal struck in Washington to drop student loan rates and why grace periods disappeared yesterday.
Anya Kamenetz, senior writer for Fast Company, discusses a recent report from the NY Fed on student loans that found nearly half of loans in deferment or forbearance, and gives advice on paying off those kinds of loans. Kamenetz is the author of DIY U: Edupunks, Edupreneurs, and the Coming Transformation of Higher Education and Generation Debt: How Our Future Was Sold Out for Student Loans, Bad Jobs, No Benefits, and Tax Cuts for Rich Geezers--And How to Fight Back.
Recap from It's a Free Country.
Welcome to Politics Bites, where every afternoon at It's A Free Country, we bring you the unmissable quotes from the morning's political conversations on WNYC. Today on the Brian Lehrer Show, Rick Santorum says that wanting every American to go to college makes President Obama a "snob." Jennifer Cohen, senior policy analyst at the New America Foundation's Education Policy Program, discussed what a college education means today.
Rick Santorum's "snob" comments just don't make sense. And they won't win Waitress Moms in 2012.
OWS wants people to default on their student loan debts. Anya Kamenetz, senior writer for Fast Company magazine and author of DIY U: Edupunks, Edupreneurs, and the Coming Transformation of Higher Education, and Generation Debt, discusses the idea and other news around higher education financing.