Tag Archives: student loans

Total Student Loan Debt Has Tripled Since 2004

Total Student Loan Debt Has Tripled Since 2004

The cost of college is growing faster than anything else in our economy, including the cost of things like health care and energy, and that’s driving huge growth in student loan debt: Total student debt stands at $966 billion as of the fourth quarter of 2012, the N.Y. Fed said in press materials, with a

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,

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

Are We In The Middle Of An Ethanol Bubble?

The 2007 U.S. energy bill mandated that a total of 15 billion gallons of renewable ethanol must be produced by 2015. Because of this, demand for corn has skyrocketed, and the impact of that market distortion has been felt across the crop markets. It’s not just corn prices that have soared, but as farmers have

Are $10,000 Degrees The Answer To The Higher Education Bubble?

The cost of a degree has exploded over the last several decades, growing faster than even problem areas like the cost of medical care. Student loan debt, as a result, has also ballooned even as the value of a four-year degree has flat lined. Obviously, we’re doing something very wrong with the way we do

ND Legislature Hall Of Shame Week 4: Rep. Al Carlson

This week’s Hall of Shame honoree is Rep. Al Carlson. Carlson is the sponsor of HCR3018 which would amend the state constitution to create a tuition entitlement for North Dakota students funded by the state’s Legacy Fund (which is, in turn, funded by a portion of the state’s oil extraction tax revenues). Honorable mentions for

North Dakota Doesn't Need A Tuition Entitlement

America has a higher education bubble. This is undeniable. As Investor’s Business Daily writes in an editorial today, government subsidies for higher education and tuition has created a glut of college graduates for which there just isn’t enough room in the job markets. Meanwhile because of seemingly bottomless government-created demand for higher education, the cost

Grand Forks Herald: Please Pay No Attention To The Student Loan Bubble

When the higher education/student loan bubble pops, the folks at the Grand Forks Herald should be indicted (figuratively, not literally) as co-conspirators. Because despite a report illustrating the bubble perfectly, despite a report in their own paper showing that student loan debt has exploded even as the degrees students are purchasing have fallen in power,

North Dakota Student Loan Debt Has Increased 125% At NDSU, UND

According to the Grand Forks Herald, student loan debt accumulation has increased dramatically over the last decade: In the 2010-2012 school year, undergraduate and graduate students at UND and North Dakota State University borrowed an average of $7,855 in a year, according to the university system report released Friday. That’s up 125 percent over the

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