Category: Student Aid

You Can’t Kill the U.S. Department of Education (But You Can Break It)

The news from the United States these days, as far as higher education is concerned, sometimes seems uniformly bleak, but US higher education operates in an unbelievably decentralized environment. Not only are there differences across states, across the public-private divide, and to some extent across accreditation zones, but even within the federal system, there’s not necessarily a uniformity of approach, given three branches of government, and even within the executive sphere, different approaches from the major funders of education, including

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Comparing Student Loan Outcomes

Yesterday, I said that the system of English student loans were the worst in the world. And I know the skeptical among you probably thought “how can he say that? Where is the comparative data?” So, today, some data on student loans programs around the world which will show, definitively, how awful the English system is. Let’s start with a basic piece of contextual data, which is that there are huge differences between countries when it comes to the percentage

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The World’s Worst Student Loan System

If you read the UK education press at all, you’ll have noticed a serious uptick recently in the number of stories describing the current student loan system as “a scam” by  Government back-bench MPs and “a mess” by a former Deputy PM who played a large role in designing it. What’s going on, you ask? How bad is it? Well.. The problem with student finance in the UK is that Tony Blair and Gordon Brown, in their haste to modernize

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Ontario Status Quo Ante

Thursday morning, Ontario’s Minister of Colleges and Universities made a very big funding announcement: $6.4 billion in new funding over four years. It was certainly a welcome announcement, but as my analysis below shows, it’s not a magic cure by any means, and there is a big sting in the tail of the announcement for students. The fundamentals of the announcement are that the provincial government announced that it was going to provide universities and colleges with three big new

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Profit, Education, and Student Grants

One of the less-noticed measures in the November 4 budget had to do with restrictions on student loans. Specifically, it was about banning students attending for-profit institutions from accessing grants provided by the Canada Student Financial Assistance Program (CSFAP). Today, I want to examine the rationale behind this move and its likely effects. But first, some history. CSFAP did not always have a big investment in grants. In fact, it had none at all for the first thirty years of its

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