This paper analyses potential links between extreme optimism and student loan debt. Prior work finds extreme optimism to be associated with imprudent household savings and investment decisions. This paper explores whether these findings are relevant to student loan decisions. Using the most recent administration of the Survey of Consumer Finances…

This document records testimony from a hearing before the Committee on Education and Labor that was held to examine the protection of students and taxpayers by improving the closed school discharge process. Member statements were provided by: (1) Honorable Frederica S. Wilson, Chairwoman, Subcommittee on Higher Education and Workforce Investment;…

This document records testimony from a hearing before the Subcommittee on Higher Education and Workforce Development of the Committee on Education and the Workforce that was held to examine lowering costs and increasing value for students, institutions, and taxpayers. Opening statements were provided by: (1) Honorable Burgess Owens, Chairman,…

This paper presents a mobile application aimed at enhancing the financial literacy of college students by monitoring their spending patterns and promoting better decision-making. The application is developed using the agile methodology with Android Studio and Flutter as development tools and Firebase as a database. The app is divided into…

Sub-Saharan African societies had contacts with China that stretch back to the early days of the Silk Road where the two regions facilitated trade relations and exchanged technology and ideas. Beginning in the 1950s China formalized relations with SSA based on South-South cooperation. At the end of the Cold War, China intensified its relations…

This document records testimony from a hearing before the Committee on Education and Labor that was held to examine ways to improve accountability and prevent fraud in for-profit college conversions. Member statements were provided by: (1) Honorable Robert C. Scott, Chairman, Committee on Education and Labor; and (2) Honorable Virginia Foxx,…

Given the facts that women still earn significantly less than men, that most American students rely on loans to attend college, that tuition in higher education has increased, and that women have to take more students loans than men, can we still claim that we are closing the gender gap? Do females have more burdens to pay off their student loans…

The Committee on Education and Labor met to hear testimony on "Examining the Policies and Priorities of the United States Department of Education." The U.S. Department of Education was making a budget request for Fiscal Year 2022 and the Committee wanted to examine the Department's priorities to support students, educators, and…

This paper is about the funding status of teachers' retirement pension schemes. Its goal is to relate the accounting for the funding of these pension obligations to the endemic, systematic, and fundamentally fraudulent system of accounting our country uses to assess the financial positions of federal, state, and local government as well as many…

In recent years, there has been a growing interest in college access and with it, a growing concern about the debt incurred by students. Analysts on all sides suggest a variety of causes and solutions to this very complex problem. This paper presents a collection of informational items that can be seen as both disparate and connected. We can see…

One of the goals of state prepaid tuition and college savings programs is that parents will soon consider participating in Section 529 plans for future higher education costs as commonly as they enroll in 401K plans for their retirement. Too many families are taking on far too much debt for college expenses, and tuition has been consistently…

Two studies, one at Oakland University (Michigan), the other at Northern Michigan University, examined the degree to which first semester course load predicted grade point average (GPA), retention, financial aid debt, and graduation. At Oakland University, analysis of data from 1986 freshman cohort files found that students who enrolled for a full…

The halcyon 1970s in which legal education flourished are being replaced by a less auspicious era in which standards and scholarship have suffered. Law schools must reexamine their responsibility to students and, at the very least, inform them about the realities of debts and placement after graduation. (MSE)

A survey of Rush Medical College (Illinois) alumni included questions concerning indebtedness and its perceived effect on professional and personal lives. Results show little effect on practice setting and family plans, but substantial reported impact on lifestyle. Specialization and debt change over time were also factors. (MSE)

This paper reports on a multijurisdictional study of the influence of school district long-term guaranteed debt liabilities on housing values. The empirical setting for the study was the Columbus, Ohio, metropolitan area. The objective of the research was to empirically test the debt-illusion hypothesis by examining the extent to which long-term…