Racial disparity in student debt grows; Report shows MBA grads are happier (and richer), and more education insights
From a report showing the racial disparity in student loan debt to a student's story of how he haggled his way into getting $50,000 for college, here are the education postscreating buzz on LinkedIn.
Debt Solutions: College tuition has been rising steadily for decades as family incomes have lagged. With student debt totaling $1.3 trillion, there’s been an ongoing debate at the national level over how to make college more affordable.
The presidential candidates have put forth plans to address this, but you can expect this debate to continue in Congress and in the next president’s administration. That’s why I gathered several education experts together and asked them to weigh in on this question: What should the next president do about the student debt crisis?
From the U.S. Secretary of Education to a professor and a college president, here’s what they said:
A few of the experts featured in the video also wrote posts detailing their suggestions for the next president:
Influencer and IE Business School Dean Santiago Iñiguez says the U.S. president needs to build a “grand pact” for higher education. He writes:
“The Achilles heel of American higher education is student debt, now close to a shocking $1.3 trillion. Given the size of this amount, it would be unwise for the next administration to try to play down the problem or postpone dealing with it.”Marybeth Gasman, a professor at the University of Pennsylvania Graduate School of Education, writes:
“The next president will need to ask college presidents from a variety of different types of institutions as well as those from industry — perhaps design thinking backgrounds — to push for creativity with regard to price and delivery of higher education.”Educator, speaker and author Rahuldeep Gill paid his way through school using Pell Grants, a need-based student grant program the federal government provides for higher education. He argues that the next president needs to make Pell Grants more readily available to students.
Jack Kent Cooke Foundation’s Executive Director Harold O. Levy outlines a list of starting points for the nation’s leader to use to fix the student debt problem.
Loan Disparity: Black graduates have nearly $25,000 more student loan debt than their white peers, and they're three times more likely to default on their debt within four years of graduation, according to a Brookings report. The co-author of the report writes about the findings here.
Women in Business: Though more women apply to college than men, MBA programs regularly enroll classes that are less than 35 percent female, writes Erika James, dean of Emory’s Goizueta Business School. Here she offers some ideas for reaching gender parity in business.
$0 to $50,000: When Frederick Chang got his acceptance letter from the University of Pennsylvania, he was told he was ineligible for financial aid. Here he explains how he ended up getting $50,000 in scholarships.
Rich and Happy: Influencer John Byrne writes about new data that shows MBA graduates are 58% happier in their first jobs post-MBA than their jobs right before entering business school. They also have a steep jump in salary.
Join the conversation with a post of your own on topics tied to education using#EdInsights in the body.
Should NYU’s plan to relieve financial stress on students be replicated at other universities? NYU President Andrew Hamilton wants to rein in tuition and fee costs that total nearly $70,000 a year by freezing room and board charges and lowering a planned tuition increase. The university is also raising the minimum wage it pays working students from $12 to $15 an hour.
Originally posted on Linked IN by: Maya Pope-Chappell
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