Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
BOULDER, Colo. — ONCE upon a time in America, baby boomers paid for college with the money they made from their summer jobs. Then, over the course of the next few decades, public funding for higher education was slashed. These radical cuts forced universities to raise tuition year after year, which in turn forced the…
What frustrates Hanna Newberg about her life right now isn’t just that she’s working as a waitress at a chain restaurant or renting a small apartment in western Massachusetts. The problem, Newberg says, is that she did everything she was told she was supposed to do — went to college, went to graduate school —…
William Dudley, president of the Federal Reserve Bank of New York, delivered a speech on Wednesday morning that drove home just how dangerous an investment student loans are for American taxpayers. Speaking at a conference on student loan data, Dudley outlined the consequences of the unique way the U.S. government lends money to people for college. Government student loans…
A lawsuit was filed against Corinthian last year by the Consumer Financial Protection Bureau, which, among other complaints alleges that Corinthian ‘falsely inflated its job placement statistics’. Photograph: Chloe Cushman Nathan Hornes didn’t think he’d still be working in fast food on his 25th birthday. He had a plan: he wanted to be a pop…