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 : 73. 51 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 : 79. 21 MB
Format : PDF, Mobi
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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 : 24. 67 MB
Format : PDF
Download : 658
Read : 244

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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. "

Austerity Blues

Author : Michael Fabricant
ISBN : 9781421420684
Genre : Education
File Size : 55. 72 MB
Format : PDF
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Public higher education in the postwar era was a key economic and social driver in American life, making college available to millions of working men and women. Since the 1980s, however, government austerity policies and politics have severely reduced public investment in higher education, exacerbating inequality among poor and working-class students of color, as well as part-time faculty. In Austerity Blues, Michael Fabricant and Stephen Brier examine these devastating fiscal retrenchments nationally, focusing closely on New York and California, both of which were leaders in the historic expansion of public higher education in the postwar years and now are at the forefront of austerity measures. Fabricant and Brier describe the extraordinary growth of public higher education after 1945, thanks largely to state investment, the alternative intellectual and political traditions that defined the 1960s, and the social and economic forces that produced austerity policies and inequality beginning in the late 1970s and 1980s. A provocative indictment of the negative impact neoliberal policies have visited on the public university, especially the growth of class, racial, and gender inequalities, Austerity Blues also analyzes the many changes currently sweeping public higher education, including the growing use of educational technology, online learning, and privatization, while exploring how these developments hurt students and teachers. In its final section, the book offers examples of oppositional and emancipatory struggles and practices that can help reimagine public higher education in the future. The ways in which factors as diverse as online learning, privatization, and disinvestment cohere into a single powerful force driving deepening inequality is the central theme of the book. Incorporating the differing perspectives of students, faculty members, and administrators, the book reveals how public education has been redefined as a private benefit, often outsourced to for-profit vendors who "sell" education back to indebted undergraduates. Over the past twenty years, tuition and related student debt have climbed precipitously and degree completion rates have dropped. Not only has this new austerity threatened public universities’ ability to educate students, Fabricant and Brier argue, but it also threatens to undermine the very meaning and purpose of public higher education in offering poor and working-class students access to a quality education in a democracy. Synthesizing historical sources, social science research, and contemporary reportage, Austerity Blues will be of interest to readers concerned about rising inequality and the decline of public higher education.

Chasing The American Dream

Author : Mark Robert Rank, PhD
ISBN : 9780195377910
Genre : Business & Economics
File Size : 27. 33 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 : 87. 36 MB
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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.

Student Debt

Author : Sandy Baum
ISBN : 9781137527387
Genre : Education
File Size : 63. 93 MB
Format : PDF, ePub
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This book analyzes reliable evidence to tell the true story of student debt in America. One of the nation’s foremost experts on college finance, Sandy Baum exposes how misleading the widely accepted narrative on student debt is. Baum combines data, research, and analysis to show how the current discourse obscures serious problems, risks misdirecting taxpayer dollars, and could deprive too many Americans of the educational opportunities they deserve. This book and its policy recommendations provide the basis for a new and more constructive national agenda to make paying for college more manageable.

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