• Escape Through Bankruptcy Is Not a Solution to the Student Loan Crisis

    Escape Through Bankruptcy Is Not a Solution to the Student Loan Crisis

    As Congress turns its attention to the problems facing higher education, the Department of Education announced last week that it will seek public comment on possible relief for students with outstanding student loan debt.

    One proposed option is discharging student loans in bankruptcy court, as is done with other types of loans when borrowers are unable to pay. Under current law, people who file bankruptcy generally cannot negotiate away (i.e. discharge) their student loans except in very narrow circumstances. READ MORE...

  • Union Policies to Blame for Lower Pay for Good Teachers

    Union Policies to Blame for Lower Pay for Good Teachers

    If you see thousands of children in West Virginia out of school this week, rest assured they are not playing hooky.

    In fact, it’s their teachers who are.

    Last week a massive strike of almost 20,000 teachers occurred in the state leading to widespread school closures. On Tuesday, every single public school in West Virginia was closed.

    Despite several failed negotiation attempts, West Virginia Governor Jim Justice finally struck a deal with the teachers and their union representation. As a result, children in West Virginia will be able to return to school on Thursday. READ MORE...

  • How Ending Student Loan Forgiveness Will Help the Poor

    How Ending Student Loan Forgiveness Will Help the Poor

    A college education offers many advantages. Graduates enjoy the benefits of their university’s alumni network, and the diploma can give grads a leg up over non-degree-holding competitors in the job market.

    College graduates are generally likely to out earn non-grads over time, and those with postgraduate degrees improve their earnings potential even more.

    But college doesn’t come cheap. According to the College Board, tuition and fees for the 2017-2018 school year averaged $9,970 for state residents and $25,620 for out-of-state residents attending public universities. The figure for private colleges was $34,740. READ MORE...