In weekly calls and in meetings over the past few months, Hillary Clinton’s policy team has been soliciting input from policy experts with ties to Sen. Elizabeth Warren, with the goal of making student loan reform the core of Clinton’s economic agenda.
The general idea is that students who attend a four-year public college would have their tuition and debt reduced almost to zero through a combination of moves. The federal government would increase its aid to states for higher education, so schools could bring down tuition. Pell Grants would be increased for low-income students, and with lower tuition this money could be spent by students on costs like books.
The cost of college has risen 1,120 percent over the past three decades. Today, students are united in the near-universal nature of paying for school through student loans. However, this reliance on student loans does not create a more equal cohort of graduates.
Increasing tuition costs are largely held to be at fault for rising levels of debt. However, the cause of rising tuition is subject to debate. Some believe that public subsidies have encouraged colleges to avail themselves of the “free money” and jack up tuition prices. Others say it is the competition among institutions to build the most expensive and cutting-edge amenities on campus.
"We're at a really interesting and troubling point where student debt has become sort of normalized," Mark Huelsman, a senior policy analyst at the think tank Demos, told Mic. "Tuition used to be low enough and grant aid used to be high enough that total cost of attendance at higher university was manageable with a summer job."
In FY 2014, per-student state appropriations for higher education were 24 percent below the funding level in 1989. The result, also shown in the chart, is that net tuition revenue (the tuition received by public colleges and universities after grant aid is subtracted) has more than doubled during this period. Considering that three-quarters of all undergraduates are enrolled in public institutions, it’s not surprising that this increase in tuition prices has led to a large increase in student loan borrowing.
Senator Bernie Sanders may be shaking up the 2016 presidential election already, but he’s also continuing to make waves in Congress. The senator from Vermont has proposed something pretty radical: free college for all at public four-year colleges and universities for those who meet admission standards.
During the 2012 and 2014 elections, thousands of Texans arrived at the polls having registered to vote at the Department of Public Safety (Texas’ motor vehicles department), only to be told that they were not on the voter rolls.
Jeff Jacoby ends his June 29 column by asserting that black citizens’ right to vote “is no longer endangered anywhere in America.” What America is he talking about?
Having to register to vote is a practical barrier for some people, especially those who are poor and marginalized. So shifting that burden to the state leads to more people voting.
North Carolina’s recent voting law changes will disproportionately affect black voters in the state, according to a study published Wednesday by Dartmouth University.
“The study provides powerful ammunition for the pending legal challenges,” says Brenda Wright, a voting rights expert with the liberal think tank Demos. “It shows that virtually every key feature of North Carolina’s election legislation will disproportionately cut back on registration and voting by African Americans in North Carolina as compared to whites.”
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The debt-free college initiative is based on a plan sketched out by liberal think tank Demos. It calls for the federal government to award grants to states that increase spending on higher education and increase need-based grant aid.
The fact that student debt continues to soar is troubling enough. Now there is clear evidence that it also deepens the gap between the haves and the have-nots.
Student debt can weigh you down long into adulthood, and might make you less likely to ever be able to retire.
That's according to a new analysis from Demos, a progressive think tank.
This chart shows the clear benefit of getting a college degree. Households with some college but no degree are unlikely to own a home, while homeownership is the norm for households headed by someone who finished college.
A separate report this week by the left-leaning think tank Demos suggests that black students may also be disproportionately impacted by such policies.