FOR IMMEDIATE RELEASE: October 24, 2019 CONTACT: Ariela Weinberger, firstname.lastname@example.org STATEMENT: Roosevelt Institute Fellow Responds to Resignation in US Department of Education New York, NY—Tuition is rising, and student loan debt stands at more than $1.6 trillion. Meanwhile, Secretary of Education Betsy DeVos’s policies continue to trap Americans in more debt. Today, however, news is
For decades, regulators have had only limited success in taming a for-profit college industry that routinely defrauds students, inflates prices, and produces devastatingly bad outcomes for student loan borrowers. But recently, instead of promoting complex regulatory schemes, some policymakers have offered a simple solution: take away for-profit colleges’ federal subsidies. Today, Rep. Pramila Jayapal (D-WA)
America’s $1.6 trillion student debt crisis is crushing millions of us, but it is disproportionately harming Black people—and fueling the racial wealth gap. In a new Roosevelt report, co-released with Demos and The Century Foundation, Roosevelt Program Manager Suzanne Kahn and her coauthors underscore that our debt-financed higher education system reinforces the structural racism that plagues
Bridging Progressive Policy Debates: How Student Debt and the Racial Wealth Gap Reinforce Each Other
The $1.6 trillion student debt crisis is holding back many Americans, but it is especially damaging to racial equality. Already disadvantaged by generational wealth disparities, Black students and their families end up paying more for college than white families do, and they get a lot less in the end. To build a higher education system
With outstanding student debt at $1.5 trillion, policymakers and education providers are looking for ways to make college more affordable. Though many argue for enhanced public investment to reduce tuition, others are turning to debt alternatives like income share agreements (ISAs). Through these contracts, universities (often with funding from private investors) contribute to a student’s
To address the $1.5 trillion in outstanding student debt that is held by American borrowers today, it is vital to have a full debate about the costs and benefits of potential solutions. But this debate must be grounded in a solid understanding of the problem. David Leonhardt’s recent takedown of universal student-debt cancellation flows from
Why This Matters is a series from Roosevelt staff connecting our individual work—from papers to reports and everything in between—to our broader vision of creating a better, more equitable economic and political system. This series will give readers the top takeaways from our latest writing and thinking, with a focus on why they matter as we
FOR IMMEDIATE RELEASE: October 16, 2018 CONTACT: Mariam Ahmed, email@example.com NEW ROOSEVELT PAPER EXPOSES FLAWS IN CONVENTIONAL UNDERSTANDING OF STUDENT DEBT Higher education, labor experts show student debt drives systemic economic insecurity NEW YORK, NY – With total student debt in the U.S. reaching a record high of over $1.5 trillion, the Roosevelt
The Student Debt Crisis, Labor Market Credentialization, and Racial Inequality: How the Current Student Debt Debate Gets the Economics Wrong
As tuition has risen over the last several decades in the U.S., student loan debt has ballooned. Despite growing debt loads, federal policy encourages the use of loans for financing higher education, based on the assumption that student debt supports increased postsecondary attainment—and, in turn, improved outcomes for individuals and our economy as a whole.
With $1.5 trillion in outstanding student debt, more than 8 million borrowers in default, and millions more delinquent on their repayments, the student loan system today is holding Americans back from economic opportunity and stability. Faced with such troubling trends, Department of Education Secretary Betsy DeVos should be focused on relieving these burdens for borrowers.