The share of student loan borrowers who entered repayment owing $20,000 or more doubled — from 20% to 40% — between 2002 and 2014, according to a report published Wednesday by the Consumer Financial Protection Bureau. What’s more, the share of borrowers entering repayment with $50,000 or more in debt tripled during the same period, the CFPB report found, jumping from 5% to 16%.
Two years ago, 54 percent of Republicans told Pew colleges had a positive impact on the direction of the country, according to that survey. That fell to 43 percent last year and 36 percent this year. Democrats, meanwhile, have gradually become more positive about higher education, with 72 percent this year viewing higher ed as having a positive effect, up from 65 percent in 2010.
Even so, observers on both the left and the right said the Education Next findings are interesting but not necessarily surprising.
I’ve met a lot of white people who believe that black students get so much financial aid and scholarships that they don’t have to pay for college. [...]
It’s worth noting, first of all, that black and Hispanic college students are more likely to have to borrow to pay for a college education and that they end up having to borrow more money to cover college costs. A study from Demos analyzing federal data found that 86 percent of black students and 87 percent of Hispanic students got loans to attend private universities, compared to 72 percent of whites.
That kind of polarization may only intensify in coming years. In a blog post today at Demos, a left-leaning think tank, Sean McElwee points out that young Democratic primary voters and donors are both more liberal than other democrats their age and more liberal than older primary voters and donors. All of that means that the Democratic party will soon be pulled further left, McElwee predicts. [...]
To succeed in 2018 and 2020, Democrats need to run campaigns that actually motivate people to get out and vote, especially 20-somethings and struggling people of all races.
That means running unapologetically on the belief that inclusion and diversity is our nation’s strength, that government can and should ensure opportunity and a decent standard of living for its people and that democracy should work for the people, not just the wealthy and corporations.
Without the Consumer Financial Protection Bureau, lenders preying on communities of color would continue to pull in windfall gains, while widening the racial wealth gap and undermining the precarious financial stability of vulnerable households.
f the Trump Commission uses the data it says it wants to use, it will target this group of citizens with false allegations of illegal voting. We must fight against the purges of these voters, because in America, it is assumed that there are no two classes of citizenship, regardless of what the current President believes.
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.” [...]
This week we're bringing you a deep dive into how an intersectional approach to money in politics brings new voices to the movement and helps those who are most harmed by big money politics take a stronger leadership role within the movement to stop it.
“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.
In the United States, Sean McElwee, a policy analyst at the liberal think tank Demos, and Jason McDaniel, a professor of political science at San Francisco State University, examined data from American National Election Studies and reported in The Nation that:
The California legislature is pushing its own ambitious legislation, and is one of several Western states teaming up with Canadian provinces to collaborate on climate solutions. Many now see New York, and the CCPA in particular, as presenting the next opportunity for promising state-level action.
"If every registered millennial voted, their turnout rate would still be lower than those 65 or older," Sean McElwee, a policy analyst at the progressive think tank Demos who studies voting patterns and behaviors, said in an interview. "Registration barriers disproportionately affect youth, who are more mobile and more likely to be renters. The result is that policy doesn't reflect their preferences." [...]
Addressing the needs of these drop-off voters and young non-voters, while reducing structural and political barriers to voting, are critical steps for the Democrats going forward, far more so than trying to win back Obama-to-Trump voters.
"One thing driving Labour’s over performance was youth turnouts," Sean McElwee, a policy analyst who studies voter attitudes and behavior at the progressive think tank Demos, said in an interview.
McElwee thinks that Labour’s success could be a model for progressives in the United States provided they learn some key lessons about how to enlist and galvanize voters.
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 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. [...]