The Independent Institute

 
        

Forgive and Forget Won’t Fix College Debt »

“Free” college and loan forgiveness are increasingly popular ideas. According to a recent AOL News poll, for example, 49 percent of respondents believe every state should offer free four-year public college tuition. Another poll by MoneyTips.com found that nearly 42 percent of respondents favored forgiving all student loan debt. Such results are understandable. After...
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Have a Student Loan Question? Take a Number and Wait in Line »

“[E]rrors and poor customer service.” That’s how the federal government watchdog, the Government Accountability Office, summed up the US Department of Education’s handling of $96 billion in federal higher education loans affecting more than 9 million student borrowers. So much for the improved service and efficiency we were promised more than 30 years ago...
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You Aren’t Entitled to a College Education »

When I graduated from college, reality hit. I was now considered a “real adult.” In a matter of months I’d be moving out of my parents’ basement and some 700 miles away to start graduate school. I was also struck by something I knew was coming, but hadn’t quite appreciated. That “something” was my...
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Student Loan Forgiveness: Bread and Circuses for the 21st Century »

In late June Congress acted to freeze the interest rate on certain college loans at 3.4 percent for an additional year, claiming this move would help make college more affordable. Of course, a relative handful of college students saving a few dollars each month doesn’t translate into college affordability—and the Obama administration knows it....
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