Americans face $1.2 trillion student debt rising around 10% a year- is obama's idea case of too little too late?

[chris macrae]

http://finance.yahoo.com/blogs/daily-ticker/obama-takes-college-car...

www.obamauni.com  Open Education's Next 100 Million Jobs  How 50 years of western marleting destroyed the greatest value mult...

 

Entrepreneurial Revolutionaries ask why wouldn't you make priority curricula goals free?

co-signed by

• CCDC Chapter of Conscious Capitalism (exercise 1 read download mackeycapitalismtranscript2000citizenmeetsanfran2013.doc, and then send us in a 5 minute video or transcript on what you most urgently want to action with CC),
• DC Entrepreneur competitions inspired by Muhammad Yunus,
• researchers of top 10 curricula that youth want to celebrate at khanacademy,
• well-wishers of Bezos-in-DC 
• editors of www.obamauni.com and tweeters of ObamaUni
•  and tell us if your movement does too [e-mail]

http://finance.yahoo.com/news/obama-unveils-plan-aims-college-more-affordable-134450640.html 

 related threads: Learning with the best value universities in the world

 

WASHINGTON (Reuters 22 aug 013) - President Barack Obama on proposed plan to tackle soaring higher education costs with a system that would rate colleges and universities based on their value for the money students spend and tie those ratings to disbursement of federal student aid.

The president, who has spent much of the summer trotting out new ideas to rev up the economy, will unveil his proposals at the start of a campaign-like bus tour through New York and Pennsylvania that will include speeches and a question-and-answer session with students.

Tuition costs at U.S. colleges and universities have been skyrocketing, forcing students and families to take on more debt to afford a college degree. The average annual cost of in-state tuition and fees for 2013 at four-year public universities was $8,655, up 4.8 percent from 2012, according to a survey from the College Board released this month.

Obama's plan would institute a ratings system before the 2015 school year that would allow students and parents to select schools based on the best value.

It would push Congress to tie federal student aid to college performance, creating an incentive for schools to keep their costs in check.

The plan would also include provisions allowing those paying off student loan debt to limit their payments to 10 percent of their monthly income.

"The president's plan will also take down barriers that stand in the way of competition and innovation, particularly in the use of new technology, and shine a light on the most cutting-edge college practices for providing high value at low costs," the White House said in a statement.

According to the National Center for Education Statistics, the total cost of higher education - including tuition, room and board - for undergraduates at four-year public institutions ballooned 73 percent to an average of $15,900 per year in 2011 compared to 2001.

Americans now owe about $1.2 trillion in student loan debt, the Consumer Financial Protection Bureau estimates. If the costs put college out of reach for too many young people, the United States could find itself at a disadvantage compared to other countries

[chris macrae]

so how do we develop the ratings for ranking best to worst value universities:

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

2 job-getting rankings? entrepreneurial contests http://jobscompetitions.ning.com

3 ...

?

 

[chris macrae]

 

one of the more exciting networks in pro-youth edu usa and their next event http://open.media.mit.edu/

Reclaim Open Learning.

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.

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:

* 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?
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?
* What kinds of infrastructures, policies, and business models can support more participatory and peer-based forms of post-secondary learning?
* 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?

Reclaim Open Learning

People and universities for better online learning

The Symposium

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.

Judges

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).

Agenda

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)

Lodging

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 radissonnewportbeach.com 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 [e-mail] or 949-608-1077 for any additional information.

More Information

Please email [e-mail] with any questions.

[chris macrae]

For-Profit Colleges and the Student Debt Crisis

January 10, 2014

Laura Choi, Federal Reserve Bank of San Francisco

In late 2013, California Attorney General Kamala Harris filed a lawsuit against Corinthian Colleges, Inc., 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 growing issue of student debt, particularly as they relate to for-profit colleges and low- and moderate-income students.

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 National Postsecondary Student Aid Study. 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 students who earn their bachelor’s degrees at for-profit institutio....

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

Source: U.S. Department of Education, National Center for Education Statistics, 2011-12 National Postsecondary Student Aid Study (NPSAS:12).

Default rates also tend to be higher at for-profit colleges, as seen below. In 2011, the default rate 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, for-profit institutions accounted for 11 percent of all students en....