College is the gateway to the middle class for most young people, but the price has never been higher. And a new study shows that New Jersey has actually exacerbated the student debt crisis by shifting the costs of college onto students and families.
According to the national think tank Demos, funding for higher education in New Jersey has dropped by 17 percent since 2006. That has forced every public college and university in the state to raise tuition and fees, far outpacing financial aid packages.
All across the country, public services are increasingly outsourced to private contractors in the name of efficiency and cost savings. But a new report from the non-profit research group In the Public Interest (ITPI) shows that outsourcing public services hurts middle and working class communities as well as workers.
Heather McGhee, president of Demos: When Sheryl Sandberg and Jill Abramson—women leading powerful institutions in male-dominated industries—ignite our most robust media conversations about gender equality, we feminists face a quandary. Of course feminists want women who are tantalizingly close to the top to break through, and of course we know that the paucity of women leading our institutions is a glaring symbol of enduring gender hierarchy. But women will not succeed in dismantling one hierarchy by climbing to the top of another.
Today's polarized debates about the role of government often boil down to a single issue: the size of government compared with the size of the overall economy, as measured in gross domestic product.
As the nation’s trillion-dollar student debt continues to rise, a new analysis of public higher education’s funding finds dwindling state support is the key factor driving rising tuition costs and deepening student debt.
President Obama signed an executive order Monday that could extend student debt relief to an additional 5 million people — a move aimed in part at better educating young borrowers of their rights while jumpstarting a moribund debate on the issue in Congress.
Competition and innovation in bank payments risk being undermined if the system’s new regulator is too heavy handed, a report from Demos Finance warns.
The government is setting up a regulator to ensure new and smaller banks get a fair deal when using larger rivals’ systems. But analysts at Demos worry some actions to address this could backfire, prompting banks to withdraw services rather than comply. The think tank also wants the new regulator to consider potential uses for collecting tax data.
This week, President Obama ordered changes to the federal student loan program that could help millions of borrowers make their payments more affordable starting in December 2015.
Stymied by the partisan gridlock, President Obama’s recent directives to bar federal contractors from discriminating against gay employees and to cut carbon pollution are bold examples of how presidents have used their executive powers to address critical issues when Congress has failed to adopt much-needed legislation.
To Bene’t Holmes, the White House Summit on Working Families was personal, not just another event designed by President Obama and his fellow Democrats to draw a policy or political contrast with Republicans this election year.
“I believed everything he said,” the 25-year-old single mom said of the president’s pitch.
Did you know millions of Americans live with debt they can not control? That's why I've developed this unique new program for managing your debt. It's called Don't Buy Stuff You Can't Afford.
DALY: Our mismeasured economy. "Today's polarized debates about the role of government often boil down to a single issue: the size of government compared with the size of the overall economy, as measured in gross domestic product....But such comparisons are not very meaningful: The way we measure government’s role in the economy is limited, inaccurate and unrealistic....We make the case that, in at least four critical ways, this G.D.P.
Last month, IndexCreditCards.com asked, "Are you embarrassed by your credit card balances and credit score? " The question was prompted by a survey from the National Foundation for Credit Counseling that found three times more consumers being ashamed of their card balances than their weight.
U.S. Attorney Preet Bharara vowed that he has the “fearlessness and independence” needed to investigate Albany corruption as Gov. Andrew M. Cuomo is accused of interfering with his own corruption commission.
“If other people aren’t going to do it, then we’re going to do it,” Bharara said on the PBS’ program “Charlie Rose."
If being a parent often feels like a constant juggling act, it can be that much more challenging for single parents. Between work and parenting, it can feel like there’s never enough time, energy or money for the things you want to do. And that feeling may extend to your credit too. You may barely have time to check your credit, much less fix it.
At this year’s Netroots Nation conference, where speakers included Democratic luminaries like Massachusetts Sen. Elizabeth Warren and Vice President Joe Biden, the honor of delivering the opening keynote address went to Rev. William Barber, the president of the North Carolina NAACP and the driving force behind the state’s Moral Mondays demonstrations.
If one speech captured the tenor of this year’s Netroots Nation, it was Barber’s.
“Movements never came from D.C. down,” he bellowed. “Movements always come from Birmingham up, from Montgomery up.”
In pledging $50-million to strengthen America’s "flailing democracy," the William and Flora Hewlett Foundation has stirred criticism among liberal groups that in doing so it has jettisoned some of its core values.
In its three-year "Madison Initiative," named after James Madison, an American founder who warned against the "mischiefs of faction," the foundation says it will support groups looking to make adjustments to the legislative process so Congress can perform its basic tasks like passing annual spending bills, says Daniel Stid, who will lead the effort for Hewlett.
Once upon a time, America invested in its young people so that they could enter the world without debt. College was meant to provide opportunity and strengthen the overall economy by creating a better- educated workforce. Looking at the numbers today, I can only think that our current system has failed this generation.