This US survey examines (a) Given that much of the Department of Education's budget is allocated to postsecondary education (including Pell grants and student loans), closing the department would have no measurable effect on the average K to 12th grade school student
Link: https://www.kentclarkcenter.org/wp-content/uploads/2024/11/USDeptOfEducation_2024_Appropriations.pdf
Keyword: higher education
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This US survey examines (a) Universities that abandon temporary pandemic test-optional policies and return to requiring standardized test scores for admissions will create measurably enhanced opportunities for potentially high-achieving students from low-income backgrounds.
This US survey examines (a) The administration’s loan relief plan will not have a substantial impact on inflation in either direction; (b) A longer-term impact of the administration’s loan relief plan is likely to be substantially higher tuition fees at some universities; (c) A longer-term impact of the administration’s loan relief plan is likely to be measurably higher student debt burdens in anticipation of future forgiveness
The total value of outstanding student loans in the United States currently stands at over $1.6 trillion. During the coronavirus crisis, federal student loan payments have been suspended to the end of the calendar year. Following the presidential election, there have been wider discussions of whether the incoming administration may consider some level of forgiveness of the debt.
How should economics be introduced to undergraduate students? Since the crisis and the Great Recession began more then a decade ago, many young people have complained that what is taught in intro courses seems to bear no relation to the pressing issues that they hoped the subject would help them to understand – poverty, inequality, globalization, environmental sustainability, financial instability, robots and the digital economy.
The recent scandal of rich and famous people buying places for their children at elite colleges has led to a renewed public conversation about the system of legacy preference in admissions at many top US universities. We invited our US panel to express their views on the likely effects of legacies on potentially high-achieving applicants from less advantaged backgrounds and on wider society.
This week’s IGM Economic Experts Panel statements:
A) Most college professors who assign textbooks would not be able to guess, within 10% of the actual figure, the retail price that their students pay for new copies of those books.
B) Since students can resell college textbooks or rent electronic versions, the net burden on students is substantially lower than retail prices for new textbook purchases would suggest.
C) Even though the professors who select textbooks are different form the people who pay for them, the price of new edition college textbooks reflect classic forces of supply and demand.
This week’s IGM Economic Experts Panel statement:
If the NCAA let colleges pay athletes with more than scholarships (which currently may cover tuition, books, room and board), then top colleges in men’s basketball and football would pay most athletes substantial sums beyond full scholarships.
This week’s IGM Economic Experts Panel statements:
A. Loans to students attending for-profit colleges are especially risky because students attending them have had default rates that greatly exceed those for comparable students attending public and non-profit private institutions.
B. Rules that tie each college's eligibility for federal student loans to its students' graduation rates and post-schooling employment outcomes would better protect taxpayers from losses on student loans.
This week's IGM Economic Experts Panel statement:
An important reason why private college and university tuition has risen faster than the CPI during the past few decades is because competition for faculty members — whose potential earnings in other sectors have steadily improved — has driven up their pay faster than their productivity.
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