Daniel Luzer

Americans now owe more in student loans than they do on their credit cards. According to an article by Mary Pilon in the Wall Street Journal: Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. (Most of revolving credit is credit-card debt.) Student loans outstanding today — […]

Students and families pay for college using a whole variety of sources. College ended up costing the average American family $24,097 last year, that’s an almost 25 percent increase from the year before, according to Sallie Mae’s third annual report about college spending. Sallie Mae—which should certainly know, since it makes money servicing more than […]

Yesterday, in a speech at the University of Texas at Austin, President Obama discussed his higher education plan for the country. According to an article by Mary Tuma in the Washington Independent: Obama pointed to the increase in global competition for education, highlighting the nation’s sliding standing from first in the world one generation ago […]

The GI Bill is now looking pretty good. Once the Department of Veterans Affairs got that whole benefits processing thing down, the GI Bill started to look like an effective government program again. Well, effective in a way. Guess where most of that government money is going? According to an article by Daniel Golden and […]

Bill Gates apparently thinks that soon we’re all going to be going to computer college. Speaking at the Techonomy Conference in Lake Tahoe, Gates said, After all, what are we trying to do? We’re trying to take education that today the tuition is, say, $50,000 a year so over four years—a $200,000 education—that is increasingly […]

In the aftermath of the scathing GAO report (and accompanying video) about recruiting at for-profit colleges, Kaplan Inc. has decided to stop enrolling students two of its college campuses. According to an article by Goldie Blumenstyk in the Chronicle of Higher Education: Days after recruiting abuses at two of its campuses were highlighted at a […]

The Education Trust released a report today about the graduation rates of students from minority students at hundreds of American public colleges and universities: Looking at the progress minority students have made in public institutions from 2002 to 2007, there is a lot of good news to report. A clear majority of all types of […]

A reasonably constant part of the long-term recession is the constant parade of the educated and unemployed through the news cycle. This continuing joblessness is particularly irksome for law school graduates, who were so expensively educated and now face payments on massive student loans. It’s hard to pay off debt, after all, if you don’t […]

How long can the cost of higher education keep going up at the rate it does? And how long will people keep paying for it? Glenn Harlan Reynolds, law professor at the University of Tennessee, argues that higher education cost is another financial bubble, and the bubble is about to bust. As Reynolds writes in […]

The ethics violations changes against Rep. Charles Rangel (D-NY-15th) involve the fact that there’s a university endowment named in his honor and financed by a company that does business with Rangel. The Rangel Center for Public Service at the City College of New York was funded by a $1 million donation by businessman Eugene Isenberg. […]