Brian C. Rosenberg, President-in-Residence at the Harvard University Graduate School of Education, served as Macalester College's sixteenth president from 2003-2020. During his tenure, enrollment of U.S. students of color at the college increased significantly. Moreover, under his leadership, the college prospered during a challenging economic…

Higher education is a critical tool for social mobility, but today, students and their families face significant challenges. It is against this backdrop that the Bipartisan Policy Center (BPC) convened the Task Force on Higher Education Financing and Student Outcomes. This group has identified several areas of federal policy ripe for reform that…

"Liberal Education" spoke with two higher education policy experts on what they expect and hope for from the Biden administration. Viviann Anguiano is an associate director for postsecondary education at the Center for American Progress. Eric R. Felix is an assistant professor at San Diego State University, specializing in higher…

College graduates and current students are swimming in a sea of debt. As of this writing, the total amount of outstanding student loan debt has been estimated at $960 billion. The Occupy Student Debt movement, inspired by Occupy Wall Street, has suggested that all student loan debt should be forgiven. As a starting point, members of the movement…

2008 has been a tumultuous year in the financial world, culminating in scandals and bailouts. In 2009, the author asserts, people can probably expect not only more financial upheaval, but also further attempts by state and local governments to stem the all-but-fated turmoil. But in all the talk of bailouts, of embattled homeowners, and the…

As a graduate of Dartmouth College who holds a Ph.D. from the University of Wisconsin-Madison, the author launched her academic career with a total debt load of over $105,000. As soon as she started working as a full-time faculty member six years ago, she began to make payments of between $600 and $1,000 a month to creditors, depending on what her…

The troubled student-loan market is a hot topic among legislators, policy makers, and the public. Two recurring issues are how to ensure that enough funds are available to students and how to ensure that lenders are fully repaid. Yet despite all the talk about loans, little has been proposed to help college students and their families with the…

Since the 1940s, public officials at the local, state and federal levels have used student loan forgiveness programs to attract individuals to critically needed occupations and underserved communities. In exchange for a work commitment, the loan program forgives (or repays) an amount of the employee's student loan. Traditionally, these programs…

In the early 2000s, a highly selective university introduced a "no-loans" policy under which the loan component of financial aid awards was replaced with grants. We use this natural experiment to identify the causal effect of student debt on employment outcomes. In the standard life-cycle model, young people make optimal educational investment…

America's financial aid system provides too much taxpayer support to banks making college loans, demands too little of students assuming them, and burdens families with too much debt. The system fails to reward rigorous college-preparatory work in high school and penalizes students who hold jobs while in college. Lenders make extraordinary…