Its not going to be … Its not going to be easy for the universities to downsize, since half the faculty are already contingent, part-time, adjunct faculty that get paid peanuts. Its hard to imagine what quality of education students will get if universities are forced to “downsize.” What we need is more direct investment in academic programs and stop shifting the burden of paying for higher education to students through federal and private non-dischargeable in bankruptcy student loans.
Wow! This is coming … Wow! This is coming from an economist’s mouth! Peter Schiff is absolutely correct; “market discipline” for the cost of higher ed is needed. Badly. I would add that a substantial increase in grants and fellowships (NOT loans) for graduate studies especially, is highly overdue as well. Re: student loans, BASIC consumer protections need to be reinstated. As it stands today, students with fed and private stu loans are prisoners in a virtual debtors prison, without legal recourse AT ALL.
Peter Schiff on Student Loans Crisis 2008-04-17 Bloomberg
February 28th, 2009 at 11:33 pm
Sallie mae is …
Sallie mae is corrupt!!!!!!!!!!!!!
February 28th, 2009 at 11:33 pm
Its not going to be …
Its not going to be easy for the universities to downsize, since half the faculty are already contingent, part-time, adjunct faculty that get paid peanuts. Its hard to imagine what quality of education students will get if universities are forced to “downsize.” What we need is more direct investment in academic programs and stop shifting the burden of paying for higher education to students through federal and private non-dischargeable in bankruptcy student loans.
February 28th, 2009 at 11:33 pm
Wow! This is coming …
Wow! This is coming from an economist’s mouth! Peter Schiff is absolutely correct; “market discipline” for the cost of higher ed is needed. Badly. I would add that a substantial increase in grants and fellowships (NOT loans) for graduate studies especially, is highly overdue as well. Re: student loans, BASIC consumer protections need to be reinstated. As it stands today, students with fed and private stu loans are prisoners in a virtual debtors prison, without legal recourse AT ALL.
February 28th, 2009 at 11:33 pm
good video
good video