Want Fries With That Burger? Don’t go to a college that doesn’t at least teach you time-management skills

Time

Looking back over half a century on my college years, I remember absolutely nothing about the courses I took–130 vacuous credit hours. I can’t say it was my college’s fault. I had no clear idea about what I wanted to do for a living. I changed majors twice and took courses almost at random. I … Read more

With less than 100 students, Judson College will file for bankruptcy and close

Judson College, a Baptist school for women, announced that it will close its doors in July and file for bankruptcy. Only 12 new students enrolled at Judson for the 2021 fall semester, and only 80 current students committed to returning in the fall. As a Baptist news story commented, “Operating a college for fewer than … Read more

Bankruptcy Judge – “This Student Loan Case Fits the Definition of Insanity”

In Goodvin v. Educational Credit Management Corporation, Judge Dale Somers, a Kansas bankruptcy judge, began his opinion with these words: “This student loan case fits the definition of insanity.” Judge Somers went on to chronicle the story of Jeffrey Goodvin. Mr. Goodvin attended Wichita State University for four years (1982-1986) but did not obtain a … Read more

Sweet v. DeVos: Judge Calls Education Department’s Borrow-Defense Process “Kafkaesque”

In 2019, a group of student-loan debtors filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos. Claiming to represent more than 100,000 student-loan borrowers, the plaintiffs accused DOE of issuing “blanket refusal[s]” when students tried to have their student loans forgiven based on claims they had been defrauded by the … Read more

Small, Private Colleges are Sliding Toward Oblivion

As reported in Inside Higher Ed, Becker College is on the brink of closure. Located in Worchester, Massachusetts (no garden spot), Becker’s enrollments have drifted downward in recent years, and it now enrolls only about 1,500 students. The Massachusetts Department of Higher Education says the school’s financial situation is uncertain, and Becker and the Department … Read more

Only 32 Student Loan Debtors Had Their Loans Forgiven

Everyone knows the story about the hapless motorist who gets lost in rural Maine. When he finds a farmer and asks for directions, the farmer says, “You can’t get there from here.” The U.S. Department of Education must be staffed by Maine farmers. DOE has made it almost impossible for student-loan debtors to benefit from … Read more

New Law May Cause For-Profit Colleges to Collapse

The House of Representatives passed a $1.9 trillion relief bill a few days ago, and the legislation is now before the Senate. House Democrats inserted a provision that would modify an obscure statute that requires for-profit colleges to obtain at least 10 percent of their revenues from non-federal student aid. The purpose of the 90/10 … Read more

Politicians Want $50,000 in Student-Debt Relief: A Good Idea?

Top Democrats, led by Senators Chuck Schumer and Elizabeth Warren, are calling on President Joe Biden to forgive student-loan debt up to $50,000 per person. According to the plan’s proponents, $50,000 in debt relief would wipe out all college-loan debt for 36 million Americans. That would be an impressive achievement. Moreover, forgiving $50,000 in student … Read more

What Happens When Your Liberal Arts Degree Doesn’t Pay Off?

Late last year, the University of Vermont announced it will shut down two dozen academic programs with low enrollment. Geology, religion, and Asian studies are on the chopping block, along with several language programs–Greek, Latin, and German. At least three departments will close Religion, Classics, and Geology. Some minors are being eliminated–Theatre and Vermont Studies. … Read more

The Parent PLUS Program Drives Down Disadvantaged Parents

Our government’s Parent PLUS Program is an insidious scheme to lure low-income parents into taking out student loans so their kids can go to colleges they can’t afford. Insider Higher Ed’s Kery Murakami tells the story of Ewan Johnson, whose mother owes $150,000 in Parent PLUS loans–money she borrowed so her son could get a … Read more