Phi Beta Cons

$410,000 in Debt, Step by Step

Writing in the New York Times, Kevin Carey details the experience of a  high school English teacher, now 48, whose loan debt has reached $410,000 (and continues to climb). A sad story, leading Carey to say:

. . . the federal student loan program has been removed from the norms and values of prudent lending. Because the Department of Education doesn’t consider risk, it takes no responsibility. If life, luck and bad choices leave you $410,000 in the hole, it’s all on you.

Jane S. Shaw — Jane S. Shaw retired as president of the John W. Pope Center for Higher Education Policy in 2015. Before joining the Pope Center in 2006, Shaw spent 22 years in ...

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White House

For Democrats, the Party’s Over

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Elections

The 24 Democrats

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