Wednesday, September 28, 2016

New York Review of Books features Solving the Student Loan Crisis

While I was headed home from a blissful wedding in Rhode Island, a place I consider home, and haven't visited in a decade, I learned that my book, Solving the Student Loan Crisis, would be appearing in an article in the New York Review of Books in October.

The article is titled, "How the Financing of College May Lead to Disaster!," and was written by Rana Foroohar. Here's s snippet:

When the financial industry—banks, hedge funds, loan companies, private equity—gets too involved in any particular activity of the economy or society, it’s usually time to worry. The financial sector, which represents a mere 4 percent of jobs in this country but takes a quarter of all private sector profits, is like the proverbial Las Vegas casino—it always wins, and usually leaves a trail of losers behind. So perhaps alarms should have been raised among both financial regulators and educational leaders when, two decades ago, for-profit colleges began going public on the NASDAQ and cutting deals by which private equity firms would buy them out. Apollo Group, the parent company of the University of Phoenix, was one of the first, becoming a publicly traded corporation in 1994, at a time when the university had a mere 25,000 students. By 2007 the university had expanded to 125,000 students at 116 locations. This was growth pushed by investors who viewed students as federally subsidized 'annuities'  that, via their Pell Grants and student loans, would produce a fat and stable return in the form of tuition fees.
Foroohar discusses six other books, along with mine, in this piece. You can read the rest of it here

Wednesday, July 6, 2016

Clinton Embracing College Plan Proposed By Sanders

Here's the story from CNN. This means if she gets into office, we push even harder. We push for this promise to be fulfilled and much, much more. We push for changes, immediate changes, for those of us who are part of the indentured educated class.

Thursday, June 2, 2016

Online Interview About Writing My Book, Solving the Student Loan Crisis

I was recently interviewed about the process of writing my book over at  Book Marketing Buzz.

Here's a snippet:

1.      What inspired you to write your book?
There were several things that inspired me to write Solving the Student Loan Crisis: Dreams, Diplomas & a Lifetime of Debt. First, I was on my way to becoming a professor, so I spent a lot of time in academia. The topic of student loan debt came up often. I myself am also a debtor, something I talk about openly in the beginning of the book. In fact, my student loan debt, at least in part, led to the demise of my marriage, one that lasted close to 10 years. But the topic also relates to my beliefs and commitment to social justice.
When I left academia, I went into publishing, and shortly thereafter, I launched a blog called, All Education Matters. This blog was originally intended to help me stay connected to academia and explore all sorts of intellectual ideas (hence the reason behind its name). However, shortly after I launched the blog or right around that time the banks were bailed out by the US government. There was a lot of public outrage, as many here will recall. So, a lot of people began asking, “Well, if the banks were bailed out, what about students, too?” This is part of what inspired me to begin exploring student loan debt, and that opened a huge can of worms. 

You can read the rest of the interview here.