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May 19, 2021 In most economic downturns in the US , enrollment in community college goes up. But the reverse has happened during the pandemic. Spring enrollment in two-year associate degree and in shorter certificate programs dropped year-over-year 10.9% and 7.4%, respectively, according to data from the National Student Clearinghouse Research Center. Meanwhile, enrollment in bachelor’s degree programs, which are typically four years, dropped 2%. Even as the pandemic abates, community colleges still continue to report declines. Will Biden’s bill efforts reverse the decline? Under the $1.8 trillion American Families Plan, Biden had proposed two years of free tuition at community college, and not at four-year degree schools, despite pressure from the left to make college free for all. The bill proposes investing $109 billion for two-year colleges, $62 billion to strengthen retention and completion efforts, and $39 billion for two free years at minority-ser ....
Email Many experts and policymakers argue that surging student debt is harming younger generations of students by preventing them from reaching their financial goals while exacerbating racial inequality. While older generations were generally able to pay their way through school, or find jobs that enabled them to pay off their debts, that no longer holds true for recent cohorts, they argue. The combination of soaring tuition costs and the recessions caused by the 2008 financial crisis and the COVID-19 pandemic have particularly affected the millennial and subsequent generations. In a 2020 poll, less than half of millennials surveyed said taking out student loans was worth the cost, compared to two-thirds of baby boomers. ....
/ Andres Mendoza, 25, logs into the portal for his accounting class to see how much homework he has April 27, 2021. Mendoza is a junior at the University of Texas at San Antonio. He works full time and attends college part time. On Tuesdays and Thursdays, Andres Mendoza leaves work an hour early so he can get home in time for his online classes. When he gets home, he lets his wiener dog Draco outside, then logs onto Blackboard to get his latest assignments. “It s only technically nine questions, but it s really probably about 40 questions,” Mendoza said, looking over his accounting assignment on a recent Tuesday afternoon. “This actually doesn t look too bad. I might not be doing homework all night today. Okay, this isn t that bad. That s a relief.” ....
Meet Richard Cordray, the man now at the center of the debate over student debt By Anemona Hartocollis and Stacy Cowley New York Times,Updated May 3, 2021, 11:08 p.m. Email to a Friend Richard Cordray, then a candidate for governor, campaigned in Parma Heights, Ohio, on Nov. 3, 2018.MADDIE MCGARVEY/NYT Richard Cordray, a close ally of Sen. Elizabeth Warren, D-Mass., who served as the first director of the federal Consumer Financial Protection Bureau during the Obama years, has been selected as the new head of federal student aid in the Biden administration, a post that will put him at the center of the swirling debate over forgiving student debt. ....