Who Do Young Adults Live With?

Are young adults really moving back home at record rates? When they do move back home, what drives that decision? This interesting WSJ article argues that it’s less about the economy and more about student debt. A few highlights:

“The proportion of young adults aged 18 to 31 living with parents has hit 36% from 31% in 2005, and indebtedness—especially rising student debt—explains roughly 30% of this increase.”

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Where You Go Is Not Who You’ll Be

Frank Bruni’s new book, Where You Go Is Not Who You’ll Be: An Antidote to the College Admissions Mania looks great, especially for upper and upper-middle class parents currently biting their nails over whether Junior will get into Princeton. For the rest of you, let me explain: Over the next few weeks, tens of thousands of “fat envelopes” (acceptances) and hundreds of thousands of “thin envelopes” (rejections) will be mailed all across the country to high school seniors hoping to get into a couple dozen of the most elite universities. The belief is that if you get into one of these schools, you’re set. After four years of hobnobbing, partying, and anxiety-driven studying, you can count on a cushy job and a clear path to a corner office. While relatively few Americans live out the extreme forms of “college admissions mania,” many more have bought into some form of this pervasive mythology. The truth? How successful a person becomes, financially and otherwise, depends far more on the person than his or her alma mater.

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How Purdue University is Serving Students by Cutting Costs

Purdue University is midway through a (so far) three-year tuition freeze. In the 2015-2016 school year, in-state students will pay $10,000 and out-of-staters $28,794. How’d they do it?

  • Adding higher-deductible health care plans that save the school money and make employees more cost-conscious.
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Why not massively lower interest rates on students loans?

Image result for student debtOver one million students graduate college each year with student debt. And the debt loads at graduation keep rising (to say nothing of the debt loads of the usually less employable college drop-outs). Naturally, politicians of all stripes are proposing policy solutions.

For example, the following has been proposed by 2016 Ohio candidate for the U.S. Senate, Democrat P.G. Sittenfeld:

  • Reduce interest rates to 2 percent for all recipients of subsidized federal loans who graduated with a four-year college degree since 2009.
  • Reduce interest rates to 3 percent for other federal loan recipients who graduated with a four-year college degree from public institutions since 2009.
  • Provide one year, up to $12,500, of federal student loan forgiveness to Pell Grant recipients upon their completion of a four-year degree.

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Why the Attraction of “Fifty Shades of Grey”?

Image result for 50 shades of greyWhy are millions of twenty-first century women drawn to a story about a rich man wooing, oppressing and humiliating a young, vulnerable woman? Don’t we live in a day in which sexual assault on college campuses and domestic abuse by professional football players fills us with indignation? Ross Douthat explain this mystery:

Viewed from one angle, the sexual revolution looks obviously egalitarian. It’s about extending to everyone the liberties–the freedom to be promiscuous, to pursue sexual fulfillment without guilt–that were once available only to privileged cisgendered heterosexual males. It’s about ushering in a society where everyone can freely love and take pleasure in anyone and anything they want.

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How Do Americans Pay For College?

The latest national study on how Americans pay for college is out from Sallie Mae and Ipsos. The 2014 breakdown:

Student borrowing and parent borrowing were at 18% and 9%, respectively, in 2013–so that’s a pretty big decline in borrowing. Other key findings:

Mark Kantrowitz on The Value of College, Student Loans, and More

Mark Kantrowitz is the publisher of Edvisors.com and the co-author of Filing the FAFSA. He was kind enough to answer a few questions for us on the cost and value of college, students loans, and other related issues. Readers may recall that I’ve previously interviewed Anya Kamenetz, David Wilezol, and Robert Archibald. Consider this another installment in the series.

Could you tell us about the work of edvisors.com, and your role?

Edvisors.com is a comprehensive, up-to-date web site about planning and paying for college. It launched in June with coverage of more than 400 topics, including college savings, financial aid application forms, scholarships and grants, student employment, military student aid, student loans and education tax benefits. The web site has the largest glossary of financial aid and college admissions terminology.

I am publisher of Edvisors.com. Together with David Levy, editor of Edvisors.com, I act as a gatekeeper on the quality of the content on the web site. The seven Cs of Edvisors content quality are: clear, concise, correct, complete, current, consistent and context-sensitive.

We wrote a bestselling book entitled Filing the FAFSA. This book is available as a free download (in multiple formats). It is also available on Amazon.com in paperback format. Amazon.com has reduced the list price for the 2015-2016 edition, will be available by January 1, by over 60% to $9.45.

It seems that people are increasingly questioning the value of college. What’s your take?

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Are College Students Borrowing Blindly?

A new report from the Brown Center on Education Policy at Brookings finds that “about half of all first-year students…seriously underestimate how much student debt they have, and less than one-third provide an accurate estimate within a reasonable margin of error.”

Respondents estimates vs. actual levels of debt

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Eric Garner Was Unjustly Killed By Police

I stayed mostly silent on the Ferguson matter, which was murky because of the forensic evidence and the divergent accounts from witnesses. But this Eric Garner situation looks unambiguous to me. I’m happy to stand corrected (Prov. 18:17), but I can discern no reason whatsoever why an NYPD officer who put a man in a chokehold–in violation of NYPD protocol–and resulting in the man losing his life–should not be indicted on manslaughter charges. An indictment is not a conviction. It just creates the context in which a trial can go forward and/or a plea can be submitted.

Sean Davis makes the case:

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College Debt & College Earnings in One Graph

Painful, but this says it all:

Though you can read more.

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