paying the price college costs financial aid and the betrayal of the american dream

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Paying The Price

Author : Sara Goldrick-Rab
ISBN : 9780226404486
Genre : Education
File Size : 48. 94 MB
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If you are a young person, and you work hard enough, you can get a college degree and set yourself on the path to a good life, right? Not necessarily, says Sara Goldrick-Rab, and with Paying the Price, she shows in damning detail exactly why. Quite simply, college is far too expensive for many people today, and the confusing mix of federal, state, institutional, and private financial aid leaves countless students without the resources they need to pay for it. Drawing on an unprecedented study of 3,000 young adults who entered public colleges and universities in Wisconsin in 2008 with the support of federal aid and Pell Grants, Goldrick-Rab reveals the devastating effect of these shortfalls. Half the students in the study left college without a degree, while less than 20 percent finished within five years. The cause of their problems, time and again, was lack of money. Unable to afford tuition, books, and living expenses, they worked too many hours at outside jobs, dropped classes, took time off to save money, and even went without adequate food or housing. In many heartbreaking cases, they simply left school—not with a degree, but with crippling debt. Goldrick-Rab combines that shocking data with devastating stories of six individual students, whose struggles make clear the horrifying human and financial costs of our convoluted financial aid policies. America can fix this problem. In the final section of the book, Goldrick-Rab offers a range of possible solutions, from technical improvements to the financial aid application process, to a bold, public sector–focused “first degree free” program. What’s not an option, this powerful book shows, is doing nothing, and continuing to crush the college dreams of a generation of young people.

Paying The Price

Author : Sara Goldrick-Rab
ISBN : 9780226404349
Genre : Business & Economics
File Size : 83. 99 MB
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For the last decade, sociologist Sara Goldrick-Rab has been studying what happens when economically vulnerable people try to make their way through public higher education. Of the 3,000 young adults she tracked who began college in 2008, half dropped out, and less than one in five finished a bachelor s degree in four years. Additional grant money helped some, but what is clear here is that when college students costs are not fully covered, they rarely finish college. If they do, it takes them longer than it should, and they graduate with a substantial amount of debt. In addition to marshaling her date and national data, Goldrick-Rab also adds a human dimension to this story. She focuses in on six students in particular to help make plain the human and financial sometimes to the dollar costs of our convoluted financial aid policies. Their stories really drive the point home. Though Chloe Johnson, an aspiring veterinarian, sold her beloved horse, took out loans, shared an off-campus apartment with a friend, and worked two jobs, she ends up dropping out of college. She had to work so many hours at Kohl s and PetSmart often the night shift to pay for her Expected Family Contribution that she could not stay awake in classes and still did not have enough money for food or gas. When she finally dropped a class to help her performance in other classes, she found out at the end of the semester that her reduced load made her ineligible for financial aid. After leaving school, she still owed thousands of dollars; she had nothing to show for her college years but debt. Goldrick-Rab closes the book with possible solutions, from changing the timing of FAFSA forms, to more flexibility about how students can use aid money, and she makes a strong case for making the first two years of college free. "

Paying The Price

Author : Sara Goldrick-Rab
ISBN : 9780226404349
Genre : Business & Economics
File Size : 84. 79 MB
Format : PDF, ePub, Mobi
Download : 192
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For the last decade, sociologist Sara Goldrick-Rab has been studying what happens when economically vulnerable people try to make their way through public higher education. Of the 3,000 young adults she tracked who began college in 2008, half dropped out, and less than one in five finished a bachelor s degree in four years. Additional grant money helped some, but what is clear here is that when college students costs are not fully covered, they rarely finish college. If they do, it takes them longer than it should, and they graduate with a substantial amount of debt. In addition to marshaling her date and national data, Goldrick-Rab also adds a human dimension to this story. She focuses in on six students in particular to help make plain the human and financial sometimes to the dollar costs of our convoluted financial aid policies. Their stories really drive the point home. Though Chloe Johnson, an aspiring veterinarian, sold her beloved horse, took out loans, shared an off-campus apartment with a friend, and worked two jobs, she ends up dropping out of college. She had to work so many hours at Kohl s and PetSmart often the night shift to pay for her Expected Family Contribution that she could not stay awake in classes and still did not have enough money for food or gas. When she finally dropped a class to help her performance in other classes, she found out at the end of the semester that her reduced load made her ineligible for financial aid. After leaving school, she still owed thousands of dollars; she had nothing to show for her college years but debt. Goldrick-Rab closes the book with possible solutions, from changing the timing of FAFSA forms, to more flexibility about how students can use aid money, and she makes a strong case for making the first two years of college free. "

Chasing The American Dream

Author : Mark Robert Rank, PhD
ISBN : 9780195377910
Genre : Business & Economics
File Size : 25. 90 MB
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In this book the authors show that the risk of economic vulnerability has been increasing substantially over the past four decades, and argue that while not unattainable, the American Dream - as we currently define it - is becoming harder to reach and harder still to keep.

Game Of Loans

Author : Beth Akers
ISBN : 9781400883271
Genre : Education
File Size : 76. 40 MB
Format : PDF
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College tuition and student debt levels have been rising at an alarming pace for at least two decades. These trends, coupled with an economy weakened by a major recession, have raised serious questions about whether we are headed for a major crisis, with borrowers defaulting on their loans in unprecedented numbers and taxpayers being forced to foot the bill. Game of Loans draws on new evidence to explain why such fears are misplaced—and how the popular myth of a looming crisis has obscured the real problems facing student lending in America. Bringing needed clarity to an issue that concerns all of us, Beth Akers and Matthew Chingos cut through the sensationalism and misleading rhetoric to make the compelling case that college remains a good investment for most students. They show how, in fact, typical borrowers face affordable debt burdens, and argue that the truly serious cases of financial hardship portrayed in the media are less common than the popular narrative would have us believe. But there are more troubling problems with student loans that don't receive the same attention. They include high rates of avoidable defaults by students who take on loans but don’t finish college—the riskiest segment of borrowers—and a dysfunctional market where competition among colleges drives tuition costs up instead of down. Persuasive and compelling, Game of Loans moves beyond the emotionally charged and politicized talk surrounding student debt, and offers a set of sensible policy proposals that can solve the real problems in student lending.

Putting Poor People To Work

Author : Kathleen M. Shaw
ISBN : 9781610444965
Genre : Business & Economics
File Size : 74. 73 MB
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Today, a college education is increasingly viewed as the gateway to the American Dream—a necessary prerequisite for social mobility. Yet recent policy reforms in the United States effectively steer former welfare recipients away from an education that could further their career prospects, forcing them directly into the workforce where they often find only low-paying jobs with little opportunity for growth. In Putting Poor People to Work, Kathleen Shaw, Sara Goldrick-Rab, Christopher Mazzeo, and Jerry A. Jacobs explore this troubling disconnect between the principles of “work-first” and “college for all.” Using comprehensive interviews with government officials and sophisticated data from six states over a four year period, Putting Poor People to Work shows how recent changes in public policy have reduced the quantity and quality of education and training available to adults with low incomes. The authors analyze how two policies encouraging work—the federal welfare reform law of 1996 and the Workforce Investment Act of 1998—have made moving people off of public assistance as soon as possible, with little regard to their long-term career prospects, a government priority. Putting Poor People to Work shows that since the passage of these “work-first” laws, not only are fewer low-income individuals pursuing postsecondary education, but when they do, they are increasingly directed towards the most ineffective, short-term forms of training, rather than higher-quality college-level education. Moreover, the schools most able and ready to serve poor adults—the community colleges—are deterred by these policies from doing so. Having a competitive, agile workforce that can compete with any in the world is a national priority. In a global economy where skills are paramount, that goal requires broad popular access to education and training. Putting Poor People to Work shows how current U.S. policy discourages poor Americans from seeking out a college education, stranding them in jobs with little potential for growth. This important new book makes a powerful argument for a shift in national priorities that would encourage the poor to embrace both work and education, rather than having to choose between the two. Institute for Research on Poverty Affiliated Books on Poverty and Public Policy">An Institute for Research on Poverty Affiliated Book on Poverty and Public Policy

The Betrayal Of The American Dream

Author : Donald L. Barlett
ISBN : 9781586489700
Genre : Social Science
File Size : 33. 76 MB
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A New York Times bestseller America’s unique prosperity is based on its creation of a middle class. In the twentieth century, that middle class provided the workforce, the educated skills, and the demand that gave life to the world’s greatest consumer economy. It was innovative and dynamic; it eclipsed old imperial systems and colonial archetypes. It gave rise to a dream: that if you worked hard and followed the rules you would prosper in America, and your children would enjoy a better life than yours. The American dream was the lure to gifted immigrants and the birthright opportunity for every American citizen. It is as important a part of the history of the country as the passing of the Bill of Rights, the outcome of the battle of Gettysburg, or the space program. Incredibly, however, for more than thirty years, government and big business in America have conspired to roll back the American dream. What was once accessible to a wide swath of the population is increasingly open only to a privileged few. The story of how the American middle class has been systematically impoverished and its prospects thwarted in favor of a new ruling elite is at the heart of this extraordinarily timely and revealing book, whose devastating findings from two of the finest investigative reporters in the country will leave you astonished and angry.

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