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Posts Tagged ‘Department of Education’

Colleges/Universities Leave Lower Income Students Behind

Posted by Larry Doyle on May 8th, 2013 9:50 AM |

The business of higher education is changing rapidly.

With family incomes stagnant, job prospects for graduates challenging, and pressure on the bottom line — for families and schools alike — increasing like never before, those within the executive offices of our nation’s ivory towers are scrambling.

What is one area that is getting a lot of focus? The manner in which schools dispense financial aid, which for more and more families is becoming THE key variable in determining where little Susie or Joey might go to school. In a report that is troubling to those who know that higher education is THE only real path for those in the lower income strata of our nation to advance, the New America Foundation writes this morning: (more…)

Obama Sells Out Literature for “Informational Texts” in Asinine Educational Program . . . MUST READ

Posted by Larry Doyle on September 21st, 2012 10:01 AM |

I have given President Obama very real credit and criticism for large parts of his programs to support public education. I particularly like and appreciate the administration’s support of charter schools. I think he largely plays politics in acceding to many demands made by public teachers unions.

Well, so much for the credit.

Given my strong interest in this topic and having written extensively on the state of public education in America today, my jaw literally dropped this morning as I read the following in The Washington Post’s Rethinking the Classroom: Obama’s Overhaul of Public Education(more…)

Are Student Loans an Impending Bubble? Is Higher Education a Scam?

Posted by Larry Doyle on April 26th, 2011 9:00 AM |

What did we experience in the sub-prime housing debacle?

1. Shoddy underwriting standards for borrowers.
2. A massively flawed system promoted and perpetuated by the Wall Street securitization business.
3. Borrowers overleveraged leading to skyrocketing rates of foreclosures and defaults.
4. A mentality that housing finance could promote a real social benefit and a profitable enterprise.
5. A government backstop and ultimate bailout for investors.
6. An ultimate fiasco for our society as a whole.

Have we learned our lessons from the sub-prime housing nightmare? Could we possibly be going down the same path in another segment of our economy? Yesterday a reader inquired if I had addressed the potential impending fiasco in student loans. This morning I discussed the cost of higher education with my better half. Will our economy be able to generate both the jobs and income levels for students to manage their increasing levels of indebtedness? (more…)






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