Black students are far more likely to take on debt for a degree than white students, and young black households have more student debt despite fewer educational opportunities and a more uncertain payoff in the job market.
“We think of education funding, particularly at the state level, as a spending issue, but it’s myopic,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “There are all kinds of second order effects to investing in education — homeownership or wealth building is certainly one of them. If you don’t spend the money on students now and that means that they’re less likely to go to college or they’re more likely to take on debt, that is going to impact their future economic activity.” [...]
“It’s clear that the exact cohort that they were tracking has gone through a fairly tumultuous young adulthood,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank.
Employers’ growing interest in helping workers pay back their student loans “reflects that many, if not most, workers entering the workforce have to contend with their student loans,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. [...]
It's time to recognize that in a world where most students must borrow for a credential, borrowers should receive the same failsafe protections on these loans as they do on any other consumer loan.
“It doesn’t do anything to address the root problems of college affordability and of rising student debt,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. Those include state disinvestment in higher education, a trend that the federal government could help reverse, according to Huelsman, by using federal money to encourage states to up their investment in their public colleges. [...]
New York became the first state in the country to return to a guarantee of tuition-free college for students at state public colleges and universities.
New York’s plan is a step forward in returning to the days when students could work their way through public college without taking on debt. But the impact on reducing the need to borrow may be minimal, especially for first-generation, low-wealth students.
New York approved a state budget Sunday that included the Excelsior Scholarship, which will allow students whose families earn less than $125,000 a year to attend state public colleges and universities tuition-free.
With so many eventual graduates starting at community colleges, we should take a hard look at institutional aid policies, which reward incoming freshmen much more than transfer students.
Another question is how much the Cuomo and Raimondo plans will truly benefit low-income students. Both proposals are what’s called “last-dollar” initiatives, meaning the states would only pay the balance of tuition after students use up existing state and federal aid, including Pell Grants. These current state and federal programs couldn’t be used to fund other college costs.
We’ve created our own bracket here, matching up colleges not by the number of McDonald’s High School All-Americans on their roster, but by whether or not they provide access to an affordable education and whether they are engines of upward mobility for working-class students.
“There are approximately zero students that would see a net benefit if this budget were enacted into law,” said Mark Huelsman, senior policy analyst at Demos, a left-leaning think tank. [...]
“Consolidating or reforming campus-based aid programs is not a bad idea, but at the end of the day students have to come out ahead,” Huelsman said. “Indiscriminate cuts to work-study absolutely would harm the low income students or middle class students on campuses who absolutely do receive the money.”
San Francisco mayor Ed Lee and city supervisor Jane Kim announced on Monday that the city would offer free community college to any of its residents, effective this fall.
A new study trashes most of the conventional explanations—and solutions—for the wealth gap. It’s called The Asset Value of Whiteness: Understanding the Racial Wealth Gap. It’s by researchers at Brandeis University and a public policy group called Demos. [...]
A study released this week by the liberal-leaning think tank Demos offered new points of analysis on the disparity, one of which was particularly sobering. [...]
In a new report, “Asset Value of Whiteness,” Demos and the Institute on Assets and Social Policy take a deep dive into the intrinsic link between racism and capitalism; specifically, how whiteness infests the so-called American dream and renders it inaccessible to anyone who doesn’t meet the pre-selected criteria.