The New York Times misrepresents student debt – again

NY-times-logoAs I have written in the past, The New York Times has had a pattern of sensationalizing the status of student loan debt in the country through a series of articles that misrepresent the true status of borrowing. It is a mystery to me why the Times persists in doing so, as they have also published articles that more accurately show the true state of affairs. The most recent misrepresentation appeared last week in an article authored by Kevin Carey, a frequent critic of higher education in this country. Earlier this year I wrote a critique of Carey’s most recent book, The End of College.

In his Times article Carey tells the story of Liz Kelley, a 48-year-old woman who borrowed $26,278 to earn a bachelor’s degree in English in 1994, but whose student loan debt today totals $410,000 – yes, $410,000! As Carey points out, this is a sum of money Ms. Kelley is unlikely to be able to ever pay back given her current career as a teacher at a parochial school. Her total borrowing ballooned because of additional debt she took on for graduate programs (in law, which she didn’t complete, and then education), and the fact that she was infrequently, if at all, actively repaying her loans.

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Don’t craft student loan policy based on Governor O’Malley’s experience

Untitled-300x94Former Maryland Governor Martin O’Malley recently declared his candidacy for the Democratic nomination for president, challenging front-runner Hillary Rodham Clinton. Among his key proposals as a candidate are to offer students in public colleges and universities “debt-free college” and for states “to immediately freeze tuition rates.”

While these may sound like good ideas to address the rising price of college, what is concerning is that Governor O’Malley has evidently crafted these proposals based on his own experience with student loans. As The Washington Post recently wrote,

The proposition is deeply personal for O’Malley: Aides say he and his wife have already incurred $339,200 in loans to put the two eldest of their four children through universities. . . “Right now, student loan debt is holding us back — student by student, family by family, and as a nation, we have to do better,” O’Malley said during an event at Saint Anselm College in Manchester.

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Why I won’t sign the petition to cancel all student debt

Screen Shot 2016-05-25 at 9.42.01 AMAs I have written in the past, a lot of attention is currently being paid to the topic of student loan debt in the United States (a couple of representative posts can be found here and here). Earlier this year, President Obama proposed to make community college free for all students, motivated at least in part by concerns over the growing volume of student loan debt in the nation. With the 2016 presidential campaign starting to gear up, there are already indications that student loans will be an important topic of debate.

I recently received in my email inbox a request to sign a petition to “forgive all student loan debt” in the country. The email did not come from some fringe group that was an offshoot of the Occupy Movement that first started a few years ago, and included as one of its platforms the elimination of all student loan debt. The email came from the American Federation of Teachers, the second-largest teacher union in the country, representing over 1.6 million members. The AFT, in conjunction with other groups, is calling on President Obama and Congress to wipe out all of the existing $1.3 trillion in loan debt held by current and former college students in the nation.

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The “End of College”? Not so fast

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Credit: Penguin Group USA

A recently-published book, The End of College: Creating the Future of Learning and the University of Everywhere, by New American educational analyst Kevin Carey, has received a lot of media attention. Carey predicts that most colleges as we know them today will likely disappear, and be replaced by online courses that will be widely and freely available to all students. In an op-ed in The Chronicle of Higher Education, I explained why Carey’s prediction is not likely to come to fruition, and if it did, why it would be bad for the nation.

Candy, escort services, and college financing

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Courtesy Wikipedia

Earlier this year, I wrote about the student at Duke University who reported she was paying for college by acting in pornographic movies. Her story received a lot of publicity, including much that decried the need for this woman to resort to a career in pornography to pay her tuition bills. As I asked at the time,

A telling story of the state of college affordability in the nation? Not at all. It is simply the story of the choices made by one young woman, and we should not attach any importance to what she has done.

This school year, a similar story is making the rounds, most prominently in an article in The Atlantic last fall, “How Sugar Daddies Are Financing College Education.” According to the story, a website called SeekingArrangement.com reports it has over 2 million women members (“Sugar Babies”) who join the site “where beautiful, successful people fuel mutually beneficial relationships” in order to meet “Sugar Daddies.” This might sound like any other dating website, albeit one for people who have a self-inflated image of themselves. But The Atlantic article alleges that this site differs from others in that the women there are looking to get paid for their relationship with the men on the site, or to put it more directly, they are offering escort or prostitution services. A follow-up article in The Atlantic this month highlights colleges and universities across the country that have a proportionally large number of women registered on the site. Other media have covered the phenomenon of sugar babies and sugar daddies as well.

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A look inside federal higher education proposals

kivaIn the last month, the Department of Education and President Obama have released two important proposals affecting higher education. The first, released by the department last month, was for the long-awaited college ratings plan that the president had first proposed 16 months earlier. This plan would evaluate over 6,000 colleges that participate in the government’s Title IV federal student aid grant and loan programs.

President Obama’s more recent policy idea was one he offered up January 9 in Knoxville, Tennessee, where he suggested that the first two years of community college be offered for free to all students in the country. Under the president’s plan, the costs would be covered through a federal-state partnership, where the federal government would pick up 75 percent of the tuition and participating states the remaining 25 percent.

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Missing the mark on “missing the mark”

NY-times-logoThis week’s New York Times contained a piece by economics columnist Eduardo Porter titled “Why Aid for College is Missing the Mark.” In the article, Porter argues that the “Bennett Hypothesis” – the assertion first made 27 years ago by former Secretary of Education William Bennett that increasing federal subsidized loans leads to rises in tuition prices – is the primary culprit behind the well-documented increase in tuition prices across the country over the last few decades. As Porter puts it, “Nearly two decades later, it seems, he was broadly right. Indeed, [Bennett] didn’t know the half of it.” Powerful words, but the problem is that Porter is in large part wrong regarding what Secretary Bennett actually said, as well as in his interpretation of the current situation.

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A 0.000007 percent chance


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Hamilton Place Strategies

Student loans continue to be a popular topic in the media, with most of the stories (at least upon a quick glance) focusing on how terrible the growing volume of student loans is. A Google news search on one day for the phrase “student loan debt” turned up the following headlines among the top results:

  • Student debt threatens the safety net for elderly Americans
  • Student loan and mortgage loan debt: A public health crisis
  • Student loan debt and the homeownership dream
  • Student loan debt is weighing college graduates down
  • Student debt hurts more than your wallet

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New regulations to combat sexual assault on college campuses

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President Obama is shown with Vice President Joseph R. Biden as he announced the creation of the White House Task Force to Protect Students From Sexual Assault in January photo from The Chronicle of Higher Education)

The White House yesterday announced a new series of proposals to force colleges and universities to do a better job to prevent sexual assaults on campuses, and to do more to support the victims of assaults when they do occur. The proposals came from a high-level task force the president created in January (it contained three cabinet secretaries) to address an issue that has received intense scrutiny both on college campuses, as well as in the media, in the last year or so.

A key finding of the task force, as reported in The New York Times, is that, “one in five female college students has been assaulted, but that just 12 percent of such attacks are reported.” As a father with one daughter in college, and a second heading there in the future, these numbers are disturbing. It is clear that we in higher education need to heed the call for reform.

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Teacher bashing 101

cheater1The New York Times has published an op-ed column titled “How I helped teachers cheat.” It was written by Dave Tomar, a self-professed “academic ghostwriter,” whose job was to work for an online custom paper mill. Students would contact the website with an assignment, and they would receive a response with a price to complete the paper. Mr. Tomar was one of the “ghostwriters” who wrote the papers.

This was not my first knowledge of the author. Three years ago he wrote an essay in The Chronicle of Higher Education, where he talked about his work. First published under a pseudonym, the essay generated an immense amount of discussion (the online version has 640 posted comments). A little less than a year later, the author voluntarily outed himself in the Chronicle in advance of a book he had written on his exploits under his (presumably) real name.

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