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.
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.
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.
There is a tendency among elite opinion makers to believe that debt accrued while gaining a college degree is “good debt” that isn’t problematic because, as the thought goes, those with college degrees tend to make enough money to recoup their debt over a lifetime. Student debt is supposedly an equalizer—a way for students to gain access to credit in order to get a degree that will give them an equal chance to enter the middle class and achieve the American Dream.
“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.”
WASHINGTON, DC – Citing a recent report which found an alarming 1000-to-1 pay disparity between fast food CEOs and their front line workers, Senator Menendez again called on Securities and Exchange Commission Chair Mary Jo White to finalize its rule requiring publicly traded companies to disclose the ratio between the compensation of their CEO and median worker, as directed by Section 953(b) of the Dodd-Frank “Wall Street Reform Act”.
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Sen. Elizabeth Warren introduced legislation on Tuesday to tackle the nation's over $1 trillion student loan crisis. "Exploding student loan debt is crushing young people and dragging down our economy," the Massachusetts Democrat said in a statement.
New Jersey’s investment in higher education has decreased considerably over the past two decades, and its financial aid programs, though still some of the country’s most expansive, fail to reach many students with financial need.
Virginia’s investment in higher education has decreased considerably over the past two decades, and its financial aid programs, though still some of the country’s most expansive, fail to reach many students with financial need.
New York, NY – The national public policy organization Demos has released a new report that examines the underlying reasons why some Americans have credit card debt and finds further evidence that, contrary to popular belief, indebted households are not the product of less responsible spending habits.
In response to yesterday’s Supreme Court ruling, which upheld a Michigan state law banning the consideration of race or ethnicity as a factor among state college admissions, Demos President Heather McGhee issued the following statement:
The country should be recommitting to diversity and inclusion, not retreating.
(New York, NY) – Today, national public policy organization Demos will release a new report examining the latest CEO-to-worker compensation ratios of the largest publicly traded fast food companies and shows that the fast-food industry has the greatest pay disparity in our economy, with ratios exceeding 1,000-to-1.
Weighing in at more than $1 trillion, student loan debt is now larger than total credit card debt. Morning Editionrecently asked young adults about their biggest concerns, and more than two-thirds of respondents mentioned college debt. Many say they have put off marriage or buying a home because of the financial burden they took on as students. [...]
The Supreme Court just decided an incredibly important case called McCutcheon v. Federal Election Commission (FEC). The Court's ruling will allow unprecedented amounts of money to flow directly into our political system. [...]
McCutcheon struck down the limit on the total amount that one wealthy donor is permitted to contribute to all federal candidates, parties, and political action committees (PACs) combined.
The Supreme Court on Wednesday continued its crusade to knock down all barriers to the distorting power of money on American elections. In the court’s most significant campaign-finance ruling since Citizens United in 2010, five justices voted to eliminate sensible and long-established contribution limits to federal political campaigns.
On Wednesday, April 2, the United States Supreme Court ruled that any cap on the overall amount a person can spend to influence an election is unconstitutional. Following on the heels of the court's previous decision in Citizens United, the McCutcheon ruling will allow unlimited spending to influence our nation's political process. [...]