Tag Archives: higher education bubble

Absence Of Profit Motive Is Exactly What's Wrong With Student Loans

Absence Of Profit Motive Is Exactly What's Wrong With Student Loans

Senator Heidi Heitkamp is on a statewide tour aimed at ingratiating herself with college students by talking about the student loan issue. In the Senate Heitkamp has opposed introducing some market forces to the heavily-inflated student loan market,and here in North Dakota she’s seemingly arguing against any sort of market forces for student loans. “Everybody

The Cost Of Student Loans Must Go Up

Last month House Republicans passed legislation which would tie interest rates on student loans to US Treasury notes, with a cap at 8.5%. This would have the effect of introducing at least some element of market forces to the student loan market. Democrats in the Senate have a plan, not yet voted on, which would

Half Of College Graduates Working Jobs That Don't Require Degrees

I graduated from high school a little over ten years ago, and what I remember of my discussions with teachers and guidance counselors about my career was that college was a necessity. Without it, I’d be doomed to a career of flipping burgers, but with it I’d slide easily into the path to prosperity. Of

Less Than 42% Of 2013 College Grads Are Male

Professor Mark Perry points out a troubling gender gap in this year’s crop of college graduates. Setting aside for a moment the fact that the higher education bubble is sending far too many kids off to college to get increasingly watered-down degrees in exchange for exploding levels of student loan debt, the fact that there’s

North Dakota Is Way Out On A Limb On Higher Education

Michael Barone has a fantastic column today in National Review which contains a succinct timeline for America’s higher education bubble. What should be scary for North Dakotans is that the state’s approach to higher education is emblematic of every single one of these problems. For instance, Barone mentions the practice of packing campuses by giving

House Approves Amendments Paring Down Higher Ed Budget Growth

Earlier this week I posted about a dog fight pending in the House over amendments cutting down Governor Jack Dalrymple’s massive 38.7% budget increase. The reduction in higher ed spending the amendments mandate really doesn’t amount to much of a decrease. Higher education is still getting a windfall: But even a small reduction in the

North Dakota's Universities Are A "Good Deal" Only In The Context Of A Lot Of Bad Deals

I had to chuckle at this Grand Forks Herald article taking aim at critics of tuition growth at North Dakota’s two largest universities, the University of North Dakota and North Dakota State University. “Stats show N.D., Minnesota schools still a good deal,” reads the headline. But a “good deal” is a relative term. Let’s look

Degree Inflation: It Takes A BA To Be A File Clerk

“The college degree is becoming the new high school diploma,” writes Catherine Rampell in the New York Times, “the new minimum requirement, albeit an expensive one, for getting even the lowest-level job.” Economists have referred to this phenomenon as “degree inflation,” and it has been steadily infiltrating America’s job market. Across industries and geographic areas,

It's Time To Ask Voters Again About Constitutional Protections For Universities

Earlier this week I wrote about HCR3008, introduced by Rep. Mark Dosch, which would remove from the state constitution mentions of eight of the state’s eleven college campuses. Because those campuses, and their intents/locations, are named in the state constitution they existence is required by law. Meaning that regardless of enrollment declines, performance problems or

Two Year Tuition Freeze For North Dakota Universities Voted Down

“I think you’ve almost guaranteed yourself a [tuition] freeze,” said Rep. Bob Martinson back in 2011 during a committee hearing in which legislators chastised North Dakota State University for a massive 8.8% tuition hike that went well beyond the guidelines legislators had set in the budget. Today the North Dakota House had a chance to