Generation Debt, and other writing by Anya Kamenetz
Sunday, March 05, 2006
Live Chat Monday March 6!
Go to Campus Progress for a LIVE CHAT with me at 5 pm Monday.
2 comments:
Anonymous
said...
One comment on your chat about school-as-lender. Yes, schools do receive some profit from the sale of their loans which are done as school-as-lender, but those profits are required by federal regulation to be used for undergraduate scholarships. With the shrinking of state aid budgets and anemic federal resources, why shouldn't schools look to school-as-lender as another avenue to provide assistance to their students?
that's fine, but why should banks be allowed to provide such incentives (which they pay for out of profits that are ultimately guaranteed by the federal government) when the direct loan program is not allowed to?
I'm not saying schools are doing anything wrong by negotiating with the system that exists. I'm saying the system needs to change.
My new book, DIY U:Edupunks, Edupreneurs and the Coming Transformation of Higher Education (buy it here), will be published by Chelsea Green in April 2010. I'm a staff writer for Fast Company Magazine and the author of the book Generation Debt. I've written Generation Debt columns for the Village Voice and as a featured Yahoo! Finance expert. I've also written for publications ranging from the New York Times to ReadyMade magazine and Mental Floss.
I live in Brooklyn with a phenomenal husband and an amazing cat.
2 comments:
One comment on your chat about school-as-lender. Yes, schools do receive some profit from the sale of their loans which are done as school-as-lender, but those profits are required by federal regulation to be used for undergraduate scholarships. With the shrinking of state aid budgets and anemic federal resources, why shouldn't schools look to school-as-lender as another avenue to provide assistance to their students?
that's fine, but why should banks be allowed to provide such incentives (which they pay for out of profits that are ultimately guaranteed by the federal government) when the direct loan program is not allowed to?
I'm not saying schools are doing anything wrong by negotiating with the system that exists. I'm saying the system needs to change.
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