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.
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.
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. [...]
[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.” [...]
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 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.
No-loan policies at selective institutions can be eye-catching for low-income students that may not have viewed those schools as a viable option said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. But they do little to increase equity in higher education because the group of low-income students educated at these schools is so small, he added.
While some fairly valuable tax breaks for students have been kept from the chopping block, the Senate GOP’s tax bill could go a long way toward decimating funding for public colleges and universities, and community colleges in particular.
“You hear the apocryphal story of being able to work your way through school, because it was true,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “If you were a student in 1980 and you took on a full-time summer job and a part-time job in the school year, your college costs would be covered and your living expenses would be covered.” [...]
Demos, a liberal think tank, and the Institute on Assets and Social Policy at Brandeis University found African Americans are far more likely to have student debt, regardless of income. Black families, after decades of being shut out of traditional ladders of economic opportunity, have the fewest resources to cover the costs of college or to protect against the risk of borrowing.