Americans face $1.2 trillion student debt rising around 10% a year- is obama's idea case of too little too late? - 260SmithWatt 70Neumann 50F.Abed , AI20s.com Fei-Fei Li, Zbee2024-03-29T10:02:37Zhttp://normanmacrae.ning.com/forum/topics/americans-fac-1-2-trillion-student-debt-rising-over-10-a-year-is?feed=yes&xn_auth=noFor-Profit Colleges and the…tag:normanmacrae.ning.com,2014-01-12:6339278:Comment:183372014-01-12T01:11:43.443Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
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<h2 class="entry-title">For-Profit Colleges and the Student Debt Crisis</h2>
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<div class="entry-content"><p class="meta">January 10, 2014</p>
<p>Laura Choi, Federal Reserve Bank of San Francisco</p>
<p>In late 2013, California Attorney General Kamala Harris <a class="offsite-icon-img" href="http://oag.ca.gov/system/files/attachments/press_releases/Complaint,%20filed%20stamped_0.pdf" target="_blank">filed a lawsuit against Corinthian Colleges, Inc</a>., one of California’s…</p>
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<h2 class="entry-title">For-Profit Colleges and the Student Debt Crisis</h2>
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<p></p>
<div class="entry-content"><p class="meta">January 10, 2014</p>
<p>Laura Choi, Federal Reserve Bank of San Francisco</p>
<p>In late 2013, California Attorney General Kamala Harris <a class="offsite-icon-img" href="http://oag.ca.gov/system/files/attachments/press_releases/Complaint,%20filed%20stamped_0.pdf" target="_blank">filed a lawsuit against Corinthian Colleges, Inc</a>., one of California’s largest for-profit college companies. The suit alleges that Corinthian misrepresented job placement rates to students and investors and targeted economically vulnerable students, such as single parents, veterans, and low-income individuals. While the lawsuit hasn’t been resolved, it raises important questions about the <a href="http://www.frbsf.org/community-development/publications/community-development-research-briefs/2011/december/student-debt-default-12th-district/">growing issue of student debt</a>, particularly as they relate to for-profit colleges and low- and moderate-income students.</p>
<p>As seen in the figure below, individuals from low-income families made up the largest share of for-profit college students in 2011-2012, according to the <a class="offsite-icon-img" href="http://nces.ed.gov/surveys/npsas/" target="_blank">National Postsecondary Student Aid Study</a>. Among for-profit college students, almost half (46 percent) of the dependent students came from families where parents made less than $30,000 a year; in contrast, 11 percent came from families where parents earned more than $106,000 a year. This concentration of low-income students in for-profit colleges is especially noteworthy as <a class="offsite-icon-img" href="http://trends.collegeboard.org/sites/default/files/student-aid-2013-full-report.pdf" target="_blank">students who earn their bachelor’s degrees at for-profit institutions are more likely to borrow than those who attend public and private nonprofit colleges, and those who borrow tend to accumulate higher average levels of debt</a>.</p>
<div id="container_stacked"><div class="highcharts-container" id="highcharts-0">Created with Highcharts 3.0.1
Individuals from Low-Income Families Make Up the Largest Share of For-Profit College StudentsDistribution of Institution Sector by Dependent Student Parental Income, 2011-201211.2%17.1%29.3%32.8%17.1%24.8%26%26.8%25.7%27.5%22.7%22.2%46%30.5%21.9%18.1%Less than $30,000$30,000-64,999$65,000-105,999$106,000 or moreClick below to filter by parental incomePrivate for profitPublic 2-yearPublic 4-yearPrivate nonprofit 4-year0 %20 %40 %60 %80 %100 %Public 4-yearLess than $30,000: 21.9</div>
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Source: U.S. Department of Education, National Center for Education Statistics, 2011-12 National Postsecondary Student Aid Study (NPSAS:12).<br />
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<p>Default rates also tend to be higher at for-profit colleges, as seen below. In <a class="offsite-icon-img" href="http://www2.ed.gov/offices/OSFAP/defaultmanagement/cdr2yr.html" target="_blank">2011, the default rate</a> at proprietary institutions was 13.6 percent, compared to 9.6 percent at public institutions and 5.2 percent at private institutions. According to the College Board, <a class="offsite-icon-img" href="http://trends.collegeboard.org/sites/default/files/student-aid-2013-full-report.pdf" target="_blank">for-profit institutions accounted for 11 percent of all students enrolled in 2009-10, but 43 percent of the students who defaulted by the end of Sept. 2012</a>. </p>
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one of the more exciting ne…tag:normanmacrae.ning.com,2013-08-22:6339278:Comment:158672013-08-22T20:57:40.732Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
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<p>one of the more exciting networks in pro-youth edu usa and their next event <a href="http://open.media.mit.edu/">http://open.media.mit.edu/</a></p>
<h2 class="featurette-heading">Reclaim Open Learning.</h2>
<p class="lead">The internet is an amazing place for learning. But recent high-profile forays into online learning for higher education (the MOOCs) seem to replicate a traditional lecture-based, course-based model of campus instruction, instead of embracing the peer-to-peer…</p>
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<p>one of the more exciting networks in pro-youth edu usa and their next event <a href="http://open.media.mit.edu/">http://open.media.mit.edu/</a></p>
<h2 class="featurette-heading">Reclaim Open Learning.</h2>
<p class="lead">The internet is an amazing place for learning. But recent high-profile forays into online learning for higher education (the MOOCs) seem to replicate a traditional lecture-based, course-based model of campus instruction, instead of embracing the peer-to-peer connected nature of the web. The networked and digital world offers an unprecedented wealth of resources for engaged, interest-driven, lifelong learning. Reclaim Open Learning intervenes in this debate by supporting and showcasing innovation that brings together the best of truly open, online and networked learning in the free wilds of the Internet, with the expertise represented by institutions of higher education. <br/><br/>Reclaim Open Learning is a collaboration between the Digital Media and Learning Hub at UC Irvine and the MIT Media Lab, bringing together researchers and innovators to address the following questions: <br/><br/>* What kinds of innovations in pedagogy and online development best support and broaden access to meaningful and engaged forms of education for independent learners everywhere?<br/>What are independent learners doing now that deserves support, recognition, and scaling up? * How can colleges and universities engage with the social, participatory, and open learning ecology of the Internet in ways that go beyond purveying and scaling existing content and offerings online?<br/>* What kinds of infrastructures, policies, and business models can support more participatory and peer-based forms of post-secondary learning?<br/>* How can we build hybrid programs and platforms that meld the grassroots capacity and peer-based learning of the net with the knowledge, expertise, and credibility of institutionalized research and education?</p>
<div class="hero-unit"><h1 style="color: #222222;">Reclaim Open Learning</h1>
<p style="color: #222222;">People and universities for better online learning</p>
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<div class="container marketing"><div class="featurette"><h2 class="featurette-heading"><span class="muted">The Symposium</span></h2>
<p class="lead">The time is ripe for reconsidering the "Massive" impact of "Online" and "Open" learning. Join us September 26-27, 2013! John Seely Brown and other innovators will Reclaim Open Learning at Calit2, University of California, Irvine. This event is the culmination of the Reclaim Open Learning Innovation Challenge, an effort to surface individuals and organizations who are piloting projects to transform higher education in a direction that is connected and creative, open in content and access, participatory, and that takes advantage of what we have learned from the MOOC movement (including forms, platforms, practices) but is not beholden to the narrow mainstream MOOC format. This event is free and open to the public.</p>
<h2 class="featurette-heading"><span class="muted">Judges</span></h2>
<p class="lead">Our distinguished panel of judges includes Cathy Davidson (HASTAC), Joi Ito (MIT), Paul Kim (Stanford) and Nishant Shah (Luneborg University and Center for Internet and Society, Bangalore).</p>
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<h2 class="featurette-heading"><span class="muted">Agenda</span></h2>
<p class="lead">September 26, 2013 5:00 PM Keynote Panel (Calit2 Auditorium + Livestream) 7:30 PM Opening Reception (Calit2 Atrium) September 27, 2013 9:00 AM - 5:00 PM Demos and Panels (Calit2 + Livestream of selected panels)</p>
<h2 class="featurette-heading"><span class="muted">Lodging</span></h2>
<p class="lead">Radisson Hotel Newport Beach 4545 MacArthur Blvd Newport Beach, CA 92660 The Radisson Hotel Newport Beach is pleased to offer a preferred room rate of $129 +tax for UC Irvine guests. This rate includes complimentary Full Hot American Breakfast Buffet for One(1), Scheduled round trip shuttle to John Wayne Airport, HighSpeed Wireless Internet, Self-Parking, USA Today Newspaper delivery Mon-Fri and in-room bottle water. Reservations can be made online at <a href="http://www.radisson.com/newport-beach-hotel-ca-92660/canewpor">radissonnewportbeach.com</a> using the unique UC Irvine corporate code 49443 or by calling our hotel reservation line at 1-800-333-3333 and requesting the University of California Irvine preferred rate. Please contact Radisson Newport Beach - UC Irvine Travel Manager TJ Ransom at transom@radissonnewportbeach.com or 949-608-1077 for any additional information.</p>
<h2 class="featurette-heading"><span class="muted">More Information</span></h2>
<p class="lead">Please email diyubook@gmail.com with any questions.</p>
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</div> so how do we develop the rati…tag:normanmacrae.ning.com,2013-08-22:6339278:Comment:158632013-08-22T19:31:18.138Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<p>so how do we develop the ratings for ranking best to worst value universities:</p>
<p>1 depth of partnerships with open education- eg Georgia tech has found that some of courses can be just as good for student at fifth the price</p>
<p>2 job-getting rankings? entrepreneurial contests <a href="http://jobscompetitions.ning.com/">http://jobscompetitions.ning.com</a></p>
<p>3 ...</p>
<p>?</p>
<p> </p>
<p>so how do we develop the ratings for ranking best to worst value universities:</p>
<p>1 depth of partnerships with open education- eg Georgia tech has found that some of courses can be just as good for student at fifth the price</p>
<p>2 job-getting rankings? entrepreneurial contests <a href="http://jobscompetitions.ning.com/">http://jobscompetitions.ning.com</a></p>
<p>3 ...</p>
<p>?</p>
<p> </p>