Progressive Opinion

Saddled With Student Debt? Welcome To America's Screwed Generation

guardian.co.uk — I may not look like it, but I am a modern-day serf. Saddled with thousands of dollars of student debt – debt that has been stripped of all consumer protections and is non-dischargeable in bankruptcy – I am part of a screwed generation. Earlier this year, the collective student loan burden in the United States passed the $1trillion mark. Analysts are increasingly referring to a student loan bubble that could result in a crisis similar to the subprime mortgage crisis of 2008. A bad job market for recent graduates and skyrocketing education costs have greatly exacerbated the problem. And among the nation's elite, there is a terrible sense of denial about just how bad the younger generations have it – old white guys in Congress believe we're merely lazy and entitled, having not had the good grace to be born into families with trust funds. It's a class war, and the middle class is losing.

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Education Reform's Central Myths

salon.com — The “Overton Window” is not a new kind of low-glare, high-insulation windowpane. Identified by Joseph P. Overton of the Mackinac Center for Public Policy, the Overton Window refers to the boundaries of the limited range of ideas and policies that are acceptable for consideration in politics at any one time. In other words, the Overton Window is the “box” that we are constantly exhorted to think outside of, only to be ignored or punished if we succeed. The debate about K-12 educational reform in the U.S. is an example of the Overton Window at work. For a generation, almost all of the debate about improving American schools has been limited to minor variations on two themes.

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Public Education Is A Labor Issue, Even If You Don't Care About Teachers

dailykos.com — This year's students are the workers of five or 10 or 15 years from now. There's an obvious statement for you, but it's one that is too rarely considered in discussions of education policy as hedge funders and corporate billionaires try to claim the mantle of doing what's right for kids, implying or saying straight out that teachers are too self-interested to represent kids and should be left out of the discussion altogether. The fundamental question is this: If you don't trust Wall Street or the Walton family to do what's in your best interest as an adult in the American workforce, why would you trust them to do what's in the best interest of the next generation of workers?

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Doesn’t “Religion” Mean “Conservative Christian?”

washingtonmonthly.com — The ongoing fiasco of Bobby Jindal’s “let the parents decide” voucher program in Louisiana is finally beginning to get some national media attention, for the simple reason that its logic is carrying it in directions that horrify its strongest proponents and intended beneficiaries. So down plunges the Pelican State into the political and constitutional thicket of how to shovel money to conservative evangelical schools without looking too closely at what they are teaching, while at the same time keeping away schools that conservative evangelicals hate and fear.

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Romney’s Educational Tax Raid

washingtonmonthly.com — I was remiss in not writing earlier about Mitt Romney’s big K-12 education initiative, which basically just involves taking all the existing federal money spent for this purpose and tossing it out there as a hand grenade designed for the destruction of public schools. While the Obama administration has committed itself (to its own political peril) to the standards-and-accountability movement aimed at using federal dollars to leverage measurable improvements in low-performing public schools—a movement once championed by Republicans—Romney is moving in the opposite direction, proposing to turn over all those highly conditional taxpayer dollars to parents for use however and wherever they want, with zero accountability for results other than via abstract market forces. The primary beneficiaries, of course, will be private schools that will pocket public subsidies and do whatever they choose.

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Learning by Making

slate.com — On a morning visit to a Northern California middle school, I saw not a single student. The principal showed me around campus, but I didn’t see or hear students talking, playing, or moving about. The science lab was empty, as were the library and the playground. It was not a school holiday: It was a state-mandated STAR testing day. The school was in an academic lockdown. A volunteer manned a table filled with cupcakes, a small reward for students at day’s end. This is what the American public school looks like in 2012, driven by obsessive adherence to standardized testing. The fate of children, their schools, and their teachers are based on these school test scores.

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Why Is Student Debt Different From Other Kinds Of Debt?

washingtonpost.com — When it comes to consumer debt, Americans are slowly but surely starting to dig themselves out of the hole of the recent downturn. Severely delinquent mortgages, credit card bills, and car loans have all been in decline over the last two years, according to the New York Federal Reserve. But Americans have had significantly more trouble paying back one particular kind of loan. “Student loan debt continues to grow even as consumers reduce mortgage debt and credit card balances,” Donghoon Lee, senior economist at the New York Fed, said in a statement. “It remains the only form of consumer debt to substantially increase since the peak of household debt in late 2008.” Why are Americans having more trouble paying off student loans, as compared to other kinds of debt?

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Free College? We Can Afford It.

washingtonpost.com — Student loans set off the latest Washington spitball fight. The House Republican budget called for letting interest rates double on government-subsidized student loans (and for deep cuts in Pell Grants and other student support). Students who borrow the maximum in subsidized loans would end up paying as much as $1,000 a year in added interest. Last week, President Obama sensibly called for extending the lower rate and starting stumping through colleges and talk shows to enlist students in the cause. The standoff allows for what has now become the routine exchange of insults, slurs and posturing before a deal is worked out at the last possible moment. Ignored in this is the stark reality that even with the lower rates, more and more students can’t afford the college education or advanced training that everyone except for Rick Santorum believes they need.

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What Makes Health-care And Education Costs Similar To Each Other — And Unlike Anything Else

washingtonpost.com — Like the health-care sector, the higher education sector is heavily subsidized by the government. Some take that commonality as a causality: Health-care and college costs are out of control because the government subsidizes them. I think the truth is closer to the reverse: The government subsidizes them because their costs are out of control. Health-care and higher education are similar in another way, too: People don’t think they can responsibly say no to either expense. Families take on hundreds of thousands of dollars of debt to pay medical bills and tuition costs. This inability to say no removes the ultimate form of market discipline: the consumer’s ability to simply walk out of the store. There’s certainly more we could do to bring market pressures into play in both sectors, but the reason the government ends up involved in health care and education is that a real market would require us telling more people than we’re comfortable with that they can’t have the medical care or education that they need.

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The Imperiled Promise of College

nytimes.com
For a long time and for a lot of us, “college” was more or less a synonym for success. We had only to go. We had only to graduate. And if we did, according to parents and high-school guidance counselors and everything we heard and everything we read, we could pretty much count on a career, just about depend on a decent income and more or less expect security. A diploma wasn’t a piece of paper. It was an amulet. And it was broadly accessible, or at least it was spoken of that way. With the right mix of intelligence, moxie and various kinds of aid, a motivated person could supposedly get there. College was seen as a glittering centerpiece of the American dream, a reliable engine of social mobility. I’m not sure things were ever that simple, but they’re definitely more complicated now. Because of levitating costs, college these days is a luxury item. What’s more, it’s a luxury item with newly uncertain returns.

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