Cohen, Arthur M. The Shaping of American Higher Education: Emergence and Growth of the Contemporary System. San Francisco: Jossey-Bass Publishers, 1998. Print.
This book is very informative and helps the reader to understand the basis and inner-workings of the current lending system in higher education. The current marketplace of lending, in which lenders give quotes to students, has existed for nearly 60 years. This system not only is outdated, but also does not address the issues which current students face. By outlining the inner workings of the current lending system and its origins, Cohen successfully encourages readers to question why the lending system has not changed and challenges students and administrators to evoke change in order to reduce student debt and increase affordability of a college education.
Dillon, Erin, and Kevin Carey. Drowning in Debt: the Emerging Student Loan Crisis. Charts You Can Trust. Education Sector. 1201 Connecticut Avenue NW Suite 850, Washington, DC 20036. Tel: 202-552-2840; Fax: 202-775-5877; Web site: http://www.educationsector.org, 2009. Print.
Drowning in Debt: the Emerging Student Loan Crisis. Charts You Can Trust informs the reader about the current student loan crisis. The book is very objective and helps students to understand what really is at stake financially and how the debt is impeding on various facets of their lives. The charts and graphs presented in the book helps to illustrate the complexity of the issue and furthermore outlines common mistakes students make when they decide to borrow loans in order to pursue a college degree.
Smith, Wilson, and Thomas Bender. American Higher Education Transformed, 1940-2005: Documenting the National Discourse. Baltimore, Md: Johns Hopkins University Press, 2008. Print.
Wilson Smith and Thomas Bender have done an extraordinary job at detailing the transformation of higher education in America. Their book, American Higher Education Transformed, 1940-2005: Documenting the National Discourse, vividly documents the origins of the college lending system and why it needs to be changed. By comparing the current scenario to previous scenarios, readers are presented with an informed work which chronicles why the system is no longer applicable today. The text also presents government intervention, such as increased Pell Grants and better lending education, as methods to help students better understand how to responsibly borrow loans to pay for college.
Price, Margaret. “Big squeeze for grads: Student loans rise, job opportunities dim.” The Christian Science Monitor. N.p., 5 Oct. 2011. Web. 21 Apr. 2015. http://www.csmonitor.com/Business/2011/1005/Big-squeeze-for-grads-Student-loans-rise-job-opportunities-dim
Margaret Price does an excellent job at outlining why student debt is so hard to pay-off. Price reports about a young college graduate living in Minnesota to put readers gain perspective about the reality of living with student debt. The article also cites figures in the economy which are affecting graduates, namely low employment, decreasing demand for employees and stagnant wages. All of these factors are working against the interests of graduates, forcing some to regret their decision to attend college, as they worked tirelessly to obtain a degree just for a position which is filled or which does not even exist.
Lewin, Tamar. “Burden of College Loans on Graduates Grows.” The New York Times. N.p., 11 Apr. 2011. Web. 21 Apr. 2015.
http://www.nytimes.com/2011/04/12/education/12college.html?_r=0
Tamar Lewin explores the lives of the Obamas and reports about the benefits of carrying student. Within the article, Lewin explores the plight of the Obamas when they both were paying-off their loans. Having to work extremely hard and not being able to secure a job with decent pay certainly was frustrating and time-consuming. After working overtime and holding each holding two jobs for six days a week, the Obamas were able to return their loans after eight years. Even though the article describes the plight and struggles of paying-back student loans, there are references to experts who believe that carrying these loans to investment in a college education ultimately is beneficial. Figures such as median lifetime earnings and job security all bolster the belief that student debt is a wise price to pay for the benefits of a college education.
This book is very informative and helps the reader to understand the basis and inner-workings of the current lending system in higher education. The current marketplace of lending, in which lenders give quotes to students, has existed for nearly 60 years. This system not only is outdated, but also does not address the issues which current students face. By outlining the inner workings of the current lending system and its origins, Cohen successfully encourages readers to question why the lending system has not changed and challenges students and administrators to evoke change in order to reduce student debt and increase affordability of a college education.
Dillon, Erin, and Kevin Carey. Drowning in Debt: the Emerging Student Loan Crisis. Charts You Can Trust. Education Sector. 1201 Connecticut Avenue NW Suite 850, Washington, DC 20036. Tel: 202-552-2840; Fax: 202-775-5877; Web site: http://www.educationsector.org, 2009. Print.
Drowning in Debt: the Emerging Student Loan Crisis. Charts You Can Trust informs the reader about the current student loan crisis. The book is very objective and helps students to understand what really is at stake financially and how the debt is impeding on various facets of their lives. The charts and graphs presented in the book helps to illustrate the complexity of the issue and furthermore outlines common mistakes students make when they decide to borrow loans in order to pursue a college degree.
Smith, Wilson, and Thomas Bender. American Higher Education Transformed, 1940-2005: Documenting the National Discourse. Baltimore, Md: Johns Hopkins University Press, 2008. Print.
Wilson Smith and Thomas Bender have done an extraordinary job at detailing the transformation of higher education in America. Their book, American Higher Education Transformed, 1940-2005: Documenting the National Discourse, vividly documents the origins of the college lending system and why it needs to be changed. By comparing the current scenario to previous scenarios, readers are presented with an informed work which chronicles why the system is no longer applicable today. The text also presents government intervention, such as increased Pell Grants and better lending education, as methods to help students better understand how to responsibly borrow loans to pay for college.
Price, Margaret. “Big squeeze for grads: Student loans rise, job opportunities dim.” The Christian Science Monitor. N.p., 5 Oct. 2011. Web. 21 Apr. 2015. http://www.csmonitor.com/Business/2011/1005/Big-squeeze-for-grads-Student-loans-rise-job-opportunities-dim
Margaret Price does an excellent job at outlining why student debt is so hard to pay-off. Price reports about a young college graduate living in Minnesota to put readers gain perspective about the reality of living with student debt. The article also cites figures in the economy which are affecting graduates, namely low employment, decreasing demand for employees and stagnant wages. All of these factors are working against the interests of graduates, forcing some to regret their decision to attend college, as they worked tirelessly to obtain a degree just for a position which is filled or which does not even exist.
Lewin, Tamar. “Burden of College Loans on Graduates Grows.” The New York Times. N.p., 11 Apr. 2011. Web. 21 Apr. 2015.
http://www.nytimes.com/2011/04/12/education/12college.html?_r=0
Tamar Lewin explores the lives of the Obamas and reports about the benefits of carrying student. Within the article, Lewin explores the plight of the Obamas when they both were paying-off their loans. Having to work extremely hard and not being able to secure a job with decent pay certainly was frustrating and time-consuming. After working overtime and holding each holding two jobs for six days a week, the Obamas were able to return their loans after eight years. Even though the article describes the plight and struggles of paying-back student loans, there are references to experts who believe that carrying these loans to investment in a college education ultimately is beneficial. Figures such as median lifetime earnings and job security all bolster the belief that student debt is a wise price to pay for the benefits of a college education.