Magazine October 24, 2016, Issue

Every Student a Bond Seller

Purdue University president Mitch Daniels attending a football game (Michael Hickey/Getty Images)
Purdue created a kind of financing that’s cheaper for students than government loans

With the new academic year in full swing, college students and their parents might be wondering how tuition costs have gotten so out of control. In 2015, the average tuition at a private, nonprofit four-year college was $32,405, up significantly from $10,088 (in inflation-adjusted 2015 dollars) 30 years prior, according to the College Board.

Many college students will be financing their skyrocketing tuition through debt, adding to the existing $1.3 trillion in total student loans outstanding in the United States. On average, the 2015 college graduate who has student debt will have to pay back slightly more than $35,000, and future

Jon Hartley is a master’s student at the Harvard Kennedy School and a Visiting Fellow at the Foundation for Research on Equal Opportunity. He formerly served as a senior policy adviser to the Congressional Joint Economic Committee.

In This Issue

Articles

Features

Books, Arts & Manners

Sections

Politics & Policy

Letters

Tangents to Heinlein Interesting that two huge themes with no apparent connection appeared in the October 10 issue: John Fonte & John Yoo’s “Progressivism Goes Global,” and Charles C. W. Cooke’s ...
Politics & Policy

The Week

‐ Gary Johnson may not know where Aleppo is, but he always knows where the Doritos are. ‐ Lester Holt is a registered Republican, but he clearly doesn’t let his partisan ...
Politics & Policy

Poetry

DAWN WIND The day comes with a dawn wind brisk enough to ripple the broad waters circling back beneath the waterfall, where the sheet of ice at the edge of those circling waters, the chunks of ...

Most Popular

White House

Obama Wrote Trump a $73 Million Check

The New York Times’ big exposé on President Trump's tax returns flags some things that may be dodgy but mainly it just confirms what everybody (including Trump) has always said -- there are a lot of loopholes in the tax code that a savvy operator can exploit. Whose fault is that? The system long predates ... Read More
White House

Obama Wrote Trump a $73 Million Check

The New York Times’ big exposé on President Trump's tax returns flags some things that may be dodgy but mainly it just confirms what everybody (including Trump) has always said -- there are a lot of loopholes in the tax code that a savvy operator can exploit. Whose fault is that? The system long predates ... Read More
Law & the Courts

Judge Barrett on the Second Amendment

Judge Amy Coney Barrett’s impressive dissent in Kanter v. Barr (pp. 27-64) illustrates both her fidelity to the Supreme Court’s landmark Second Amendment ruling in District of Columbia v. Heller (2008) and her masterful application of the constitutional methodology of originalism. Rickey I. Kanter pleaded ... Read More
Law & the Courts

Judge Barrett on the Second Amendment

Judge Amy Coney Barrett’s impressive dissent in Kanter v. Barr (pp. 27-64) illustrates both her fidelity to the Supreme Court’s landmark Second Amendment ruling in District of Columbia v. Heller (2008) and her masterful application of the constitutional methodology of originalism. Rickey I. Kanter pleaded ... Read More
Law & the Courts

On Judge Barrett, Let’s Tell the Truth

Once when I was a kid, my dad held up three fingers and asked, “Does this two look like a three?” Little did I know that this attempted sleight of hand would become a regular feature of the process for appointing federal judges. Watch for it in the days ahead as the Senate considers President Donald Trump’s ... Read More
Law & the Courts

On Judge Barrett, Let’s Tell the Truth

Once when I was a kid, my dad held up three fingers and asked, “Does this two look like a three?” Little did I know that this attempted sleight of hand would become a regular feature of the process for appointing federal judges. Watch for it in the days ahead as the Senate considers President Donald Trump’s ... Read More
World

War in the Desert, 21st-Century Style

The explosive sound of an Israeli Merkava IV tank firing reverberated from behind a hillside, a cloud of dust marking where the shell had been fired from. The shell flew across a field of shrubs and landed in the distance. Then another tank targeted the same location. The symphony of firing continued for ten ... Read More
World

War in the Desert, 21st-Century Style

The explosive sound of an Israeli Merkava IV tank firing reverberated from behind a hillside, a cloud of dust marking where the shell had been fired from. The shell flew across a field of shrubs and landed in the distance. Then another tank targeted the same location. The symphony of firing continued for ten ... Read More
Law & the Courts

The Judicial Branch Ragnarök Is Upon Us

As expected, President Trump selected Amy Coney Barrett as his third nominee to the U.S. Supreme Court, and now the Judicial Branch Ragnarök and Related Festival of Catholic-Bashing is upon us. Senate Democrats could argue that based upon Barrett’s past decisions, they don’t agree with her legal ... Read More
Law & the Courts

The Judicial Branch Ragnarök Is Upon Us

As expected, President Trump selected Amy Coney Barrett as his third nominee to the U.S. Supreme Court, and now the Judicial Branch Ragnarök and Related Festival of Catholic-Bashing is upon us. Senate Democrats could argue that based upon Barrett’s past decisions, they don’t agree with her legal ... Read More