Tag: Education and Politics

More On Student Loan Forgiveness

The Daily Escape:

Death Valley dunes, CA – August 2022 photo by George Cannon

At a dinner party over the weekend, blog reader Marie S. said that she felt ambivalent about Biden’s loan forgiveness plan. Several others (some were Democrats) echoed her viewpoint.

Republicans have attacked it because they’re desperate to change the subject from the extremist abortion position that they’re now trying to rapidly back away from. They’re also desperate to keep Trump off of the front page. With the loan forgiveness, they see an opportunity to excite their base and divide the Dems.

Wrongo agrees that there are things to dislike and also things to like about the plan. The major thing not to like is something that the Biden administration isn’t in a position to control: The high cost of higher education. Many say that it will be business as usual for our colleges and universities, with loan forgiveness needing to happen every ten years or so.

The cost of higher education is out of hand when we look at the growth in the cost of college and fees compared to the US consumer price index (CPI):

The chart shows that the cost of college is up exponentially more than CPI over the past 40+ years. For any child not born to affluent parents (or getting a hefty scholarship), the choice is foregoing college or taking on a ton of student debt.

Dealing with the increase in college costs isn’t something that the US government can do easily, if at all. We’re talking about a broad spectrum of privately owned institutions and an array of institutions owned by individual states. Biden has got zero power to flatten the cost curve.

Also, nothing is being demanded of the banks who made questionable student loans or the schools who gave students unrealistic information about their future earnings prospects, inducing them to commit to school.

One change that Biden could have made would be to make student loans dischargeable in bankruptcy, as they were before the 2005 bankruptcy “reform” that then-Senator Biden helped push through Congress.

Businesses that make bad decisions get to restructure their debts and carry on. Individuals who have a run of bad luck (big medical bills or job loss) can file for bankruptcy, but students cannot. Why should college debt be carved out as not dischargeable in bankruptcy?

The program’s means-testing could have been tighter. The $125k (individual) and $250k (for married couples) income caps do seem high considering those levels of earnings puts you in the 76th and 94th percentile of earners respectively. OTOH, it sounds worse than it truly is. See this chart:

Wrongo also doesn’t like the fact that the government is still charging high interest rates on student loan debt. The average interest rate for existing borrowers under the program is 5.8%. A 5.8% interest rate on the $1.6 trillion of outstanding student debt equates to $93 billion a year in interest payments if all of those people were paying back their loans. Much of that big number could stay in borrowers’ pockets at a lower interest rate.

Finally, the US government owns 92% of all student loan debt. Why does the government need to make so much money on this debt? Wouldn’t a lower rate be a good investment to make for future generations of workers?

Wrongo does like that younger people are finally being helped out by our government. Pundits complain young people don’t get out and vote. Maybe that’s because politicians don’t help young people enough.

It feels like the government has ignored people under 40 in favor of the Boomers and corporations. Today’s young people have much higher costs for essentials: Their student loans, daycare, healthcare, their cost of housing, all are much more than previous generations had to deal with.

Wrongo does like the possible psychological benefit this could give people who felt like they were stuck. The White House estimates that more than 43 million people will qualify for loan forgiveness. Wrongo thinks that the majority of these 40+ million people are overjoyed by this news. His narrow survey of college age grandchildren shows them to be deliriously happy.

And most borrowers will likely experience some psychological relief along with their financial relief. It may allow some people to buy a home sooner than expected. Or get married or start a business. Or just stress a little less about money.

On balance, given the good and the not-so-good, Wrongo thinks the program is a good idea.

In the meantime, the politics bear watching. Republicans are trying to stoke jealousy, and they might succeed. Republicans don’t agree that this relief should take place. But every complaint makes it clear why Biden was right to do this.

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Saturday Soother – August 27, 2022

The Daily Escape:

Super moon over Lake Champlain, Burlington, VT – August 2022 photo by Adam Silverman Photography

Republicans are outraged this week about Biden’s cancellation of student loan debt! Americans now owe a total of more than $1.6 trillion for higher education. From the WaPo: (emphasis by Wrongo)

“The result is one of the most significant changes to American higher education policy in decades — and a new cornerstone of the president’s economic legacy. Biden’s decision will dramatically change the financial circumstances of tens of millions of Americans, fully erasing the student loans of roughly 20 million people.”

Student debt played a minor role in American life through the 1960s when Wrongo accrued his $5k of college debt while attending Georgetown. But it increased during the Reagan administration. It then shot up after the 2007-2009 Great Recession as states made huge cuts to funding for their college systems.

But the argument that “tuition has gone up because public support for higher education has declined” isn’t the only one. While it’s valid for some institutions, it doesn’t explain the “arms race” among colleges and universities to add student amenities and layers of administrative staff over the past 10 years.

Over the last decade, revenue at independent (non-religious) private colleges and universities in the US has increased by 148% on an inflation-adjusted (real) per student basis. At religiously affiliated private colleges and universities revenue has increased by 87% in real per-student terms over the last 10 years.

Meanwhile, at public institutions, revenue has increased by just 23.4% on the same basis. However, this is still 36% greater than per capita GDP growth over the same 10 years.

The headline is that our elite educational institutions have gotten obscenely wealthy. And many of our second tier institutions chased after them, causing education budgets everywhere to explode.

It’s become another example of America’s new gilded age.

Opinions differ about the ethics of loan forgiveness for student debt, and that’s understandable. The general thrust of the Republican railing about the educational loan forgiveness is about how unfair it is when one group of Americans is getting a benefit at the cost of other Americans.

This tweet from former Trump White House press secretary Sarah Huckabee Sanders is on point for most of the GOP:

“Joe Biden wants those who didn’t go to school, didn’t take out loans, or already paid off their loans to pay off $300 billion of other people’s debts…..It’s socialism, it’s un-American, and only makes his record-setting inflation worse.”

But it isn’t socialism when our government bails out one group at the expense of another; it happens all the time. No Republican complained about the Trump tax cuts which were directed at America’s wealthy and its corporations. No Republican complained about the bank bailout in 2008. No Republican objected when Trump gave $16 billion to farmers hurt by the Trump tariffs.

Second, despite what the GOP is saying, the $300 billion in loan forgiveness isn’t inflationary. It’s true that it’s money that student borrowers won’t be paying back. But because of the student debt moratorium, they had already stopped payments in 2020, so there’s no change going forward. They simply won’t have to restart making payments on that $10,000 of debt.

It isn’t clear that there will be much impact to inflation or the Consumer Price Index. Since they weren’t making payments, it’s likely they were already spending those funds that might have gone to loan repayments. So no new spending.

We can have a debate about how much higher education should cost per student. We live in a society that is a whole lot wealthier than it was 40 years ago, but many of our students do not come from those few wealthy families.

The political calculus of Biden’s decision will be seen in November. The WaPo reported that a majority of Americans support limited debt forgiveness. Biden’s pollster, John Anzalone said:

“This is a motivator for young people….It’s a huge issue for young people — the support levels for them are in the high 60s.”

Let’s hope they turn out to vote on November 8.

Now, it’s time for our Saturday Soother, where we decompress from another week of body blows to America and find a few moments to gather ourselves for the week to come.

Here on the Fields of Wrong, we had a day of very satisfying brush clearing although we’re still waiting for rain.

Go get a big mug of decaf cold brew coffee and grab a chair in the shade. Now listen to Schubert’s “Impromptu in G flat Op. 90 No. 3”, written in 1827, and played here in 2012 by Olga Jegunova at the Bishopsgate Institute in London:

Schubert really understood how to capture emotion in his music.

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Florida State House Changes School Curriculum

The Daily Escape:

Cape Cod evening – 2022 photo by Alan Hoelzle

(This is the last column for this week as Wrongo and Ms. Right are heading to France for ten days. It’s our first international trip since 2019. Posting will be light and dependent upon internet connectivity.  Try to behave yourselves and keep your tray tables in the upright and locked position until told otherwise).

Bullies always complain that they’re the victim, not the ones who got the beating. We see this with Putin and Trump.

Another example of that is what Republicans in Florida are doing with public school curricula. Gov. Ron DeSantis says that he’s saving kids from imaginary indoctrination in their schools, but this week he issued a government edict that requires school indoctrination. From the Miami Herald:

“Public school teachers in Florida will soon be required to dedicate at least 45 minutes of instruction on “Victims of Communism Day” to teach students about communist leaders around the world and how people suffered under those regimes.”

DeSantis’ bill makes Florida one of a handful of states adopting the designation. More from the Herald:

“It is, however, the first state to mandate school instruction on that day, as Florida Republicans continue to seize on education policy while placing school curriculum at the forefront of their political priorities ahead of the 2022 midterms….It would require teaching of Joseph Stalin, Mao Zedong and Fidel Castro, as well as “poverty, starvation, migration, systemic lethal violence, and suppression of speech” endured under those regimes.”

So kids, we learned today that teaching Florida students about authoritarian fascist slavery in other countries is necessary and mandated. But teaching Florida kids about authoritarian fascist slavery in this country is nothing but divisive critical race theory (CRT) that makes white kids feel bad. It must never, ever be mentioned.

This is a part of the Republican Party’s effort to make public education their top campaign messaging issue in the 2022 Midterms. Despite the reality that all of the education-related “issues” they are focused on are non-existent — like claiming that the teaching of CRT is everywhere, or that teachers who educate students about LGBTQ+ issues are “groomers”.

Normally, local school boards would be left to decide what is taught in the schools under their control, including curriculum, and health and safety standards. But under Republican radicals like DeSantis, the local community isn’t able to do that, because it might interfere with his goal of becoming America’s next Trump.

The irony of dictating school policy from the capital isn’t lost on anyone. It proves that DeSantis understands the basic concept that got the very regimes he hates going in an authoritarian direction in first place. They play up the victimhood — I’m the one being oppressed! — and then get their voting base, those who carry grudges against the Other, to go along with it.

The only “critical race theory” that DeSantis cares about is the race he’s running in to be president one day.

Since Wrongo is leaving you without any musical interludes for a week or more, let’s have a travel-appropriate tune to help propel you forward into the news jungle.

Listen, and watch for sure, Dierks Bentley do his 2014 song ”Drunk On A Plane”. If only airplane rides were really like this! The video won Music Video of the Year at the 2014 CMA Awards:

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Monday Wake Up Call – April 16, 2018

The Daily Escape:

Dumbo, NYC – August 2017 photo by Kelly Kopp

In Republican-land, it’s not as if we don’t have plenty of awful things to process. And, just when you think that it can’t be coarser, or darker, it is! Last week, the Republican governor of Kentucky, Matt Bevin, vetoed the state budget, tax reform, and pension reform bills. Bevin scrapped all three bills in their entirety because he wanted significantly deeper budget cuts, especially to education and infrastructure. He sent the bills back, and announced that unless his cuts were passed, he would call a special session and keep it open until he got his way.

But, the day before Kentucky’s state legislature overrode all three vetoes, Bevin, who has opposed Kentucky teachers’ rallies for pension protection and public education funding since the rallies started, told reporters this:

I guarantee you somewhere in Kentucky today a child was sexually assaulted that was left at home because there was nobody there to watch them….I guarantee you somewhere today, a child was physically harmed or ingested poison because they were home alone because a single parent didn’t have enough money to take care of them.

Is this state-of-the-art 2018 Republican messaging? A Republican governor is saying children are safer in the care of government workers than with their own families. If Bevin is correct, summer vacation must be a season of child carnage in Kentucky. Maybe Kentucky schools should be open 24/7.

Bevin subsequently “apologized” to those who may have been offended.

A larger question: What will it take to eliminate the societal myth that teachers are co-parents? Teachers have huge responsibilities for the children they teach, and most live up to this, but they’re not the kids’ parents. They’re not equipped to co-parent.

Most towns fail to fully equip them to be educators, much less co-parents. And we couldn’t (and shouldn’t) pay them enough to assume that responsibility.

Bevin’s comments are unusual and despicable, but other politicians talk about teachers in similar ways. Consider that Oklahoma’s Republican governor Mary Fallin told CBS News that teachers striking for a salary increase are like “a teenager wanting a better car”.

Newsweek reported that Fallin also suggested that the anti-fascist group Antifa was involved in the ongoing teachers’ protests, claiming it was among the “outside groups” that were demonstrating alongside educators. There was no evidence that Antifa was anywhere near the teachers who were demonstrating.

Governors Fallin and Bevan had a golden opportunity to demonstrate their commitment to educating the children of their states. They could have made it clear that education would be a priority for as long as they remained governors.

But like most Republicans, they feel tax cuts are more important than kids. And in the typically arrogant and dismissive tone Republicans tend to assume, they decided to belittle teachers who are demanding they be fairly compensated for the important work they do.

Fully funding education is a no-win situation for Republicans. They don’t want to fund education because they know that ultimately, it works against their best interests. Their intransigence means they’re facing an angry, empowered, and unified group even in red states that have weak unions. The teachers now fully understand that they have political power, and they intend to exercise it.

Teachers don’t take the job expecting to get rich, but they’re certainly within their rights to expect fair compensation for their work. They’re also right to expect each state to adequately fund public education.

So, it’s time for Republicans to wake up! There really could be a blue wave in the voting booth this fall if red state politicians fail to support public education, despite whatever spew Betsy DeVos is spraying this month. To help them wake up, here is “High School Never Ends” by Bowling For Soup, from their 2006 album, “The Great Burrito Extortion Case”:

Sample Lyrics:

The whole damned world is just as obsessed
With who’s the best dressed and who’s having sex
Who’s got the money, who gets the honeys
Who’s kinda cute and who’s just a mess

And I still don’t have the right look
And I still have the same three friends
And I’m pretty much the same as I was back then
High school never ends
High school never ends
High school never ends
And here we go again

Those who read the Wrongologist in email can view the video here.

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“We Don’t Need No Education” – Part II

The Daily Escape:

Dr. Bhau Dajii Lad Mumbai City Museum, Mumbai India

Yesterday, we detailed a Pew Survey that showed a stark divide between Republicans and Democrats on the value of higher education. Only 36% of GOP respondents thought that higher education was a positive force in our country, while 72% of Democrats felt that higher education was positive for our Republic.

How could America be so divided about the value of higher education? Education is becoming less about learning and more about doing, this day in age you can even pay to have someone else write an emergency essay for you. That’s not to say that education still isn’t as important today as it has been in previous years for giving everyone a chance to learn and get an education. You can’t get a higher education without first going to school and gaining qualifications from there, so if you’re looking for school education, you can click here to apply now.

Today, we look at another survey that offers insight into the economic views of Americans by educational level. The survey is by the global PR firm Burson-Marsteller (B-M), working with the survey firm, PSB, an affiliate of B-M. It shows that education level drives a big divide in Americans’ expectations for the future.

According to B-M’s “Making it in America: The View from America“:

  • 42% of Americans with a high school education or less say they have the right skills to succeed in the 21st century, while 71% with a college education or more, say they do.
  • Americans with high school or less education are 25% less likely to say they are optimistic about the future US economy than those with a college education or more. And they are 50% more likely to feel scared about the future of the US economy.
  • 38% of Americans with a college education or more think the American economy is headed in the right direction compared to 30% of those with a high school education or less.
  • 30% of Americans with a high school education or less say automation could replace their job within five years. Only 14% of those with a college education or more said a machine will do their job in the next five years.

Here is a slide from the B-M slide deck:

Only 13% of those with high school or less think that reading comprehension and critical thinking skills are important to future manufacturing jobs, a thought decidedly at odds with business leaders. 58% of business leaders say spending more on infrastructure is the public policy action that will most support job creation in the US. 31% with college or more agree, while just 15% of those with high school or less agree.

The Pew results tell us that if America is sharply divided about the value of higher education, there is little hope for our democracy. When we factor in the top line results for the B-M survey, we see that less educated Americans are fundamentally more pessimistic about their economic future.

So, higher education has little value, and yet, those without degrees are insecure about their current jobs and their economic future. More and more are looking into clep exam prep://www.instantcert.com/”>clep exam prep to find a way to get a degree that may suit them better because of this.

How does this compute for the GOP? They say that they want more economic growth, and more jobs for Americans. How does having an anti-education worldview support making America great again?

Why isn’t more/better education the top priority for both political parties?

And private, for-profit GOP educational alternatives shouldn’t be favored by anyone seriously interested in a better-educated society.

Today’s music: The Kinks did a concept album about education called “Schoolboys in Disgrace” in 1977. Here they are performing “Education” from the album:

Takeaway Lyric:

Everybody needs education
Open Universities, education
Every race every creed, education
And every little half-breed, education
Every nationality, education
All the little people need education
Eskimos and pygmies need
And even aborigines, education

Well, physics and geography,

Education
Philosophy and history,

Education
Science and biology,

Education
Geometry and poetry,

Education
Well, education, education, education, education

Those who read the Wrongologist in email can view the video here.

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“We Don’t Need No Education”

The Daily Escape:

Antarctic Relic, 2017 – photo by Daniel Kordan

Pink Floyd’s big mainstream hit has new relevance today, since Pew Research produced these interesting findings on US attitudes towards higher education: (emphasis by the Wrongologist)

While a majority of the public (55%) continues to say that colleges and universities have a positive effect on the way things are going in the country these days, Republicans express increasingly negative views.

A majority of Republicans and Republican-leaning independents (58%) now say that colleges and universities have a negative effect on the country, up from 45% last year. By contrast, most Democrats and Democratic leaners (72%) say colleges and universities have a positive effect, which is little changed from recent years.

The Pew study, conducted from June 8 to 18 among more than 2,000 respondents, found that Democrats and Republicans are growing substantially more divided in their opinions on public institutions, including higher education.

According to the survey that Pew released on Monday, this is the first time that a majority of Republicans have thought that higher education is bad for the country. As recently as 2015, 54% of Republicans said colleges and universities had a positive impact on the way things were going in the country, but by 2016, those results split to 43% positive and 45% negative. On the other side of the aisle, 72% of Democrats continue to think colleges and universities have a positive effect on the country, holding steady with past years’ results. Here is a chart with the study’s top findings:

And if we get granular about the viewpoints, we see the positive view by Republicans has declined dramatically in just three years:

Only 1/3 of Republicans who have graduated from college now believe that college is a positive contributor to the way things are in America today. In fact, Republicans over age 50 support college and universities the least (28%). Even a majority of GOP Millennials do not see higher education as a positive force in our society.

While Pew doesn’t speculate on the reasons for the shift in thinking, it is clear that the last few years have not been kind to higher education. Elite colleges have made headlines for a series of controversies and protests around racism, free speech, and civil rights. We hear constant debate about “trigger warnings”, and “safe zones” for students who can’t be exposed to uncomfortable ideas or situations.

In 2015, the football team at the University of Missouri went on strike to protest the handling of racist incidents on campus, and Yale was rocked by controversy about the proper way to address insensitive Halloween costumes.

More recently, students have protested and sometimes disrupted appearances from controversial figures. But only 28% of college-educated GOP’ers support higher education? From Booman:

It’s really not compatible with being a country club Republican to have a negative view of a college education. A college degree confers respectability and signals status.

Booman makes the point that more and more of them home school their kids to protect them from the opinions of educated people who might have different views, and fewer of them want their children to go to a college where those religious and political views may be undermined.

Perhaps it also says that college is NOW no longer a good thing, either due to economic factors, or all the strict social/cultural paths people want their kids to follow. But, in America today, the unemployment rate for college grads is 2.4%, while it is 4.6% for those without a degree.

Why would Republicans want to deny their children the opportunity to earn a living?

And there is our PISA ranking. PISA rankings are produced by the OECD based on tests taken by 15-year-olds in more than 70 countries every three years. Comparing the US ranking in both 2012 (the last time the test was administered) and 2015, the US fell to 38th from 28th in math out of 71 countries. We ranked 24th in science. For whatever reasons, we just don’t do a good job educating our kids.

But to the larger point, perceptions of college’s value/non-value is symptomatic of a much deeper and very dangerous schism, the devaluation of facts and scientific evidence. The GOP discredits facts and reality. They emphasize school choice (although it is the only thing that they are pro-choice about).

Resentment and fantasy based on ideology drives our discussion of education. So education has become a low priority for the young and old alike.

Today’s tune is appropriately, “The Wall” by Pink Floyd. It was their 11th studio album, released as a double album in November 1979:

Takeaway Lyric:

We don’t need no education

We don’t need no thought control

No dark sarcasm in the classroom

Teachers leave them kids alone

Hey! Teacher!

Leave them kids alone!

All in all, it’s just another brick in the wall

All in all, you’re just another brick in the wall

 Those who read the Wrongologist in email can view the video here.

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