We all have to grow up, whether we want to or not. The Toys 'R' Us announcement that it is closing its U.S. stores should be a pivotal moment in the maturation of how we as a nation think about wealth and debt, and the rules that make it possible for companies and communities to be resilient.
But what we know about today’s college students doesn’t support the notion that such a large share of students would be using their loan money for spring break would be using their loan money for spring break, said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. [...]
[M]ore and more Americans are realizing student debt has become a widespread financial problem: 92% of American voters said as much in a recent study by policy think tank Demos.
D.C. Mayor Muriel E. Bowser (D) has signed a law that will create publicly financed elections, reversing her previous opposition to a plan that advocates say will help curb money’s influence in District politics.
Bowser announced that she was throwing her support behind the Fair Elections Act, which was approved unanimously by the D.C. Council in February. The law, which will first affect elections in 2020, will steer millions annually toward the campaigns of local candidates and is aimed at reducing their reliance on deep-pocketed donors. [...]
In every state except Wyoming, the share of revenue that public colleges receive from tuition — aka students and families — has grown since 2001, according to an analysis released Thursday by Demos, a left-leaning think tank. And in 24 states, tuition covered more than half of public colleges’ revenue in 2016. Compare that to public colleges of the past, which got much of their money from state and local funding, and kept the costs for families relatively low. In some cases, they were even free.
A new analysis comparing how much members of Congress paid for their schooling to the costs of today’s students backs him up. When the members of the House of Representatives went to college, the average cost for a year of school was $8,487 in today’s dollars, according to the study published Thursday by Demos, a left-leaning think tank.
Washington, DC – Today, Demos, a New York public policy organization, released a first-of-its-kind congressional college yearbook, which compares the cost of college tuition members of Congress experienced with the cost of college for today’s students. The yearbook, entitled When Congress Went to College, finds that the average student today paid nearly $20,000 a year more for college than current members of Congress.
The high-priced ads, which could reach an audience of more than 100 million, are just the latest indication that catering to student loan borrowers can be big business. Companies are now offering credit cards with rewards geared to student loan help and tools to help borrowers monitor their debt. Employers are even looking to lure talent with benefits packages that include student loan help.
Overseas students subsidize other students and programs, as they often pay higher fees, said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “Many colleges and, in particular, public colleges have relied on international students paying full-freight in order to make up for budget shortfalls elsewhere,” he said. [...]
[T]he pain of retail sector hemorrhaging will be most severe for Black workers considering retail is the second largest Black population employer. Nearly 12 percent of retail workers are Black – close to their overall population ratio. And 54 percent of Black retail workers are supporting households, according to think tank Demos, the highest proportion of any demographic group in that sector. Black retail workers also suffer the highest poverty rates.
[M]ark Huelsman, a senior policy analyst at the think tank Demos, who focuses on student debt, says “we’ll see more and more” programs like Mission Scholarships. “There’s everything right with an institution looking at a labor market shortage” and trying to ameliorate it. “Free education is an obvious carrot.” [...]
The D.C. Council unanimously backed publicly financed campaigns Tuesday, a move lauded by clean-government advocates in a city long plagued by its association with a pay-to-play culture.[...]
Last fall, Point Loma began offering some of its 4,500 students money to pay for college in exchange for a percentage of their future earnings. The model, known as an income share agreement, requires colleges and students to take a chance on each other, a shared responsibility that attracted Point Loma. [...]
There are specific reforms that could help black families. Standardizing same-day voter registration across states would benefit communities of color, which face disproportionate barriers to civic participation.
“There were fewer jobs available. So you had students or older workers wanting to retrain for a job,” said Mark Huelsman, senior policy analyst at Demos, a national public policy advocacy group.