“Columbia and other wealthy universities steer master’s students to federal loans that can exceed $250,000. After graduation, many learn the debt is well beyond their means,” notes the Wall Street Journal.
The Journal reports on Columbia University’s Master of Fine Arts Film program, one of the worst examples, in an article titled “Financially Hobbled for Life: The Elite Master’s Degrees That Don’t Pay Off”:
Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000.
The Biden administration has chosen a close ally of Sen. Elizabeth Warren (D-Mass.) to oversee the nation’s expansive federal student loan program.
On Monday, Rich Cordray, director of the Consumer Financial Protection Bureau during the Obama administration, was announced as the new head of the Education Department’s Office of Federal Student Aid, which oversees over $1.7 trillion in loans to U.S. students.
In a statement following his appointment, Cordray said he sought to “create more pathways for students to graduate and get ahead, not be burdened by insurmountable debt.”
This year, hundreds of Republican candidates for federal office will be on the ballot this fall, and many of them lack the resources to put together a strong policy team. While taxes, abortion, guns, school choice immigration, and defense are all very important issues, they have limited reach beyond the usual Republican voters. Here are seven policy ideas for House and Senate candidates who would like to expand their platform to try to appeal to more voters – without alienating key elements of the Republican base.