{"id":1110,"date":"2021-04-02T01:42:12","date_gmt":"2021-04-02T01:42:12","guid":{"rendered":"https:\/\/artsci.case.edu\/fridaylunch\/?p=1110"},"modified":"2024-06-10T01:43:21","modified_gmt":"2024-06-10T01:43:21","slug":"student-debt-what-are-the-problems-for-whom-and-what-could-be-done","status":"publish","type":"post","link":"https:\/\/artsci.case.edu\/fridaylunch\/2021\/04\/02\/student-debt-what-are-the-problems-for-whom-and-what-could-be-done\/","title":{"rendered":"Student Debt: What Are the Problems? For Whom? And What Could Be Done?"},"content":{"rendered":"\n\n\n
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\nCenter for Policy Studies
\nPublic Affairs Discussion Group<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Student Debt: What Are the Problems? For Whom? And What Could Be Done?<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\nRichard Kazis – Senior Consultant, MDRC, Nonresident Senior Fellow in the Brookings Institution Metropolitan Policy Program, and Board Chair of The Institute for College Access and Services<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
Friday April 2, 2021
\n12:30-1:30 p.m.
\nOnline Zoom Meeting<\/strong><\/span><\/p>\n

Dear Colleagues:<\/p>\n

<\/span>Student Debt, or more precisely reducing it, has become a major issue in U.S. politics. Its place on the policy agenda is supported with scary numbers. As the new semester began in the Fall of 2020, total student debt was over $1.7 trillion \u2013 and that was<\/span>\u00a0double the total from a decade before<\/span><\/a>.\u00a0A<\/span>\u00a02018 Brookings Institution Study<\/span><\/a>\u00a0estimated that as many as 40% of borrowers who were scheduled to begin repayment in 2003-04 would default at some point in the next twenty years. It also reported major differences in default rates among types of institutions and the backgrounds of students. For example, students at for-profit training institutions (e.g. trade schools) were twice as likely to default as students from community colleges (52% vs. 26%). Moreover, students at for-profit institutions were four times as likely to borrow as were community college students. And default rates were especially high among blacks who attended but did not complete a for-profit program. The report stated that black BA graduates in the studied cohorts defaulted at five times the rate of white BA graduates. Conversely,<\/span>\u00a0students who borrow for graduate school<\/span><\/a>\u00a0are much less likely to default on their debt \u2013 but that debt has been growing substantially and more and more students are at best treading water. Again, the burden is distinctly greater for black students.<\/p>\n

President Biden has supported federal legislation to forgive $10,000 in student loans, while opposing proposals from Senator Warren and others to forgive up to $50,000. Such\u00a0proposals must compete for federal resources with other priorities<\/strong>\u00a0\u2013 even in an era when Democrats and many economists support federal borrowing, there must be questions about on what to spend the money \u2013 student debt vs. infrastructure vs. health care vs. vs. vs\u2026.\u00a0And they raise tough issues of equity<\/strong>. For example, how does one explain to people who have already paid off their debt that others should not have to? How does one explain to people who were never interested in higher education for themselves or their children, and perhaps live in areas with school systems that make it harder to move up the education ladder, that the people who pursued education should get special help? What should be the relative priority of helping those who are in debt now vs. making education more affordable in the future?<\/p>\n

Amid the political conflict and dueling proposals about debt relief, it makes sense to step back and ask fundamental questions. What\u2019s the problem? For whom? What should or could be done about it? How should the main proposals be assessed \u2013 what are their economic, political, and ethical underpinnings?<\/span><\/p>\n

Signing In<\/h3>\n

This semester’s discussions will begin at 12:30 p.m., the usual time. The meeting will be set up as from Noon to 2:00 p.m., so people are not all signing in at the same time and to allow for the discussion to run a bit long.\u00a0Each week we will send out this newsletter with information about the topic. It will also include a link to register (for free) for the discussion.<\/strong>\u00a0Every Monday the same information will be posted on our website:<\/span>\u00a0fridaylunch.case.edu<\/span><\/a>.<\/p>\n

If you register, you will automatically receive from the Zoom system the link to join the meeting. This week’s link for registration is:<\/span><\/p>\n

https:\/\/cwru.zoom.us\/meeting\/register\/tJModuqgrTgiGNdksqAOPKTIvMK49ZI-TnR5<\/span><\/a><\/p>\n

After registering, you will receive a confirmation email containing information about joining the meeting.<\/p>\n

Please e-mail<\/span>\u00a0padg@case.edu<\/span><\/a>\u00a0if you have questions about how the Zoom version of the Friday Lunch will work or any other suggestions. Or call at 216 368-2426 and we’ll try to get back to you. We are very pleased to be partnering this semester with the<\/span>\u00a0Siegal Lifelong Learning Program<\/span><\/a><\/strong>\u00a0to share information about the discussions.<\/p>\n

Best wishes for safety and security for you and yours,<\/p>\n

Joe White
\nLuxenberg Family Professor of Public Policy and Director, Center for Policy Studies<\/span><\/p>\n

\n

About Our Guest<\/span><\/h3>\n

Richard Kazis<\/strong>\u00a0brings unique perspective to address these questions. For many years he served as Senior Vice President of Jobs for the Future, so as a leading researcher and advocate on issues of workforce development to improve the economic prospects of people who are unlikely to attend four-year college. As Board Chair of the<\/span>\u00a0Institute for College Access and Success<\/span><\/a>\u00a0he now assists efforts to make sense of the crises in higher education finance and the possible responses. Join us as we once again take advantage of Zoom to bring a leading outside expert to the \u201cFriday Lunch\u201d to discuss a vital and fascinating policy challenge.<\/span><\/p>\n

Schedule of Friday Lunch Upcoming Topics and Speakers:<\/strong><\/p>\n

April 9: Healthcare, Public Health, and Population Health.<\/strong>\u00a0With\u00a0Scott Frank, MD<\/strong>, Associate Professor and Director of Public Health Initiatives, Department of Population and Quantitative Health Sciences.<\/p>\n

April 16: Dropping the Pilot? Assessing Angela Merkel\u2019s Chancellorship.<\/strong>\u00a0With\u00a0Kenneth F. Ledford, Ph.D.<\/strong>, Chair, Department of History.<\/p>\n

April 23: Depression\u2019s Past and Future.<\/strong>\u00a0With\u00a0Jonathan Sadowsky, Ph.D.<\/strong>, Theodore J. Castele Professor of History.<\/p>\n

April 30: The Republican Party and Demographic Change.<\/strong>\u00a0With\u00a0Girma Parris, Ph.D.<\/strong>, Visiting Assistant Professor of Political Science.<\/p>\n

May 7: Defending Disability Insurance.<\/strong>\u00a0With\u00a0Kathy Ruffing<\/strong>, Senior Fellow, Center on Budget and Policy Priorities.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Visit the\u00a0Public Affairs Discussion Group Web Site.<\/span><\/a><\/p>\n

Center for Policy Studies | Mather House 111 | 11201 Euclid Avenue |
\nCleveland, Ohio 44106-7109 |\u00a0Phone: 216.368.6730 |\u00a0padg@case.edu<\/u><\/span><\/a>\u00a0|
\nPart of the:\u00a0College of Arts and Sciences<\/u><\/span><\/a><\/p>\n

\u00a9 2021 Case Western Reserve University |
\nCleveland, Ohio 44106 | 216.368.2000 |\u00a0legal notice<\/u><\/span><\/a><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Center for Policy Studies
\nPublic Affairs Discussion Group<\/strong><\/p>\n

Student Debt: What Are the Problems? For Whom? And What Could Be Done?<\/strong><\/p>\n

Richard Kazis – Senior Consultant, MDRC, Nonresident Senior Fellow in the Brookings Institution Metropolitan Policy Program, and Board Chair of The Institute for College Access and Services<\/strong><\/p>\n

Friday April 2, 2021
\n12:30-1:30 p.m.
\nOnline Zoom Meeting<\/strong><\/p>\n

Dear Colleagues:<\/p>\n

Student Debt, or more precisely reducing it, has become a major issue in U.S. politics. Its place on the policy agenda is supported with scary numbers.<\/p>\n

Continue reading… Student Debt: What Are the Problems? For Whom? And What Could Be Done?<\/span><\/a><\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/posts\/1110"}],"collection":[{"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/comments?post=1110"}],"version-history":[{"count":1,"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/posts\/1110\/revisions"}],"predecessor-version":[{"id":1112,"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/posts\/1110\/revisions\/1112"}],"wp:attachment":[{"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/media?parent=1110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/categories?post=1110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/artsci.case.edu\/fridaylunch\/wp-json\/wp\/v2\/tags?post=1110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}