“Together, these findings illustrate that the most common approach to diversity in higher education ironically reflects the preferences, and privileges the outcomes, of White Americans,” the study notes.
What must one believe in to be willing to borrow tens of thousands of dollars in order to pursue a certification of completion — a B.A.? What would a college have to promise in order to compel someone to do that? What would a bank have to believe to extend this person credit? Or the U.S. government, to guarantee such loans en masse — now roughly $2 trillion? And what would a society have to believe to sustain the system that keeps it all going?
"On 'snow days' or days when school buildings are closed due to an emergency, all students and families should plan on participating in remote learning," the NYC Department of Education said.
Two 19th century Belgian bibliographers heard about the Dewey Decimal System and asked to translate it into French. But rather than slavishly follow Dewey, they added some significant twists. Their system, first published in 1905 and still used today, is known as the Universal Decimal Classification.
The truth is the question of whether student debt should be canceled is largely irrelevant. Most student debt will be canceled sooner or later, because an ever-growing share of borrowers cannot possibly repay their loans. Ever. The only question that matters is whether President Biden and Democrats in Congress can grapple with reality and fix America's colossally stupid system of funding higher education.
Effectively, the IDR program (whose enrollment has grown steadily to about a fifth of borrowers) is a tacit admission that most student loans are never going to be paid off in full. Those who have not enrolled have seen far higher rates of default; on current trends most borrowers will be in IDR eventually, which is rapidly becoming a kind of ad hoc bankruptcy program for student borrowers. In a sense, the U.S. is starting to fund its higher education system with a payroll tax on people who go to college but are too poor to pay for it out of pocket — except we then force them to sit under an enormous load of basically imaginary debt for decades while doing it. This damages their credit, making it harder to get a job, a house, a car, and so on.