Education

Economic Education

Economic Education Has Become Economic Disinformation

Economics education fails to communicate the obvious fact that markets solve problems, not that they require that all problems have already been solved. That students struggle with understanding the use and value of models, and may draw the wrong conclusions when studying market forces in the abstract, is unfortunate but understandable. It is the duty of the economics instructor to make sure students do not get the wrong ideas—that they go home with a greater understanding of how economies and markets work. Education, after all, should be enlightening and provide the student with new knowledge.

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Student loans

Will Loan Forgiveness Raise College Costs?

For years we’ve been tracking college costs and adjusting them for inflation. See Education and Tuition Inflation for more information. During that time, I’ve repeatedly said that one of the primary drivers of increased education costs was the ease of getting a loan. Unfortunately, the vast majority of college freshmen see a loan as “free money” and don’t seem to understand the difference between a “Loan” and a “Grant”. And apparently, this past week, many college loans effectively became grants.

Looking at it from a different perspective, we might wonder what lessons former college students will learn from this largess. Will they determine that debt is good? Or perhaps, they will surmise that no matter how stupid their decisions are, the government will always bail them out. Today’s article comes from the halls of Academia but doesn’t praise the government’s philanthropy as you might expect. ~Tim McMahon, editor

Biden’s College Loan Forgiveness Program Will Raise College Costs
When I interviewed for a teaching job at private college in Alabama more than twenty years ago, the recently elected governor had won partly on a platform in which the state would install a lottery system that would give students a $3,000 grant for college. As the provost and I discussed the prospects of this new program, he smiled and said, “We hope this lottery passes. Then we can raise tuition by $3,000.”

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How Teachers Adapt to Different Learning Styles

Different Learning Styles You’ve probably heard that  everybody learns differently. These different learning styles might be broken down to  visual, auditory and kinesthetic, or seeing, hearing and touching. Either way, educational experts will tell you that learning styles are a reality, and that the best kind of teacher will know how to adjust their methods

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How Have Online Colleges Affected Tuition Costs for Traditional Schools?

Online Colleges Fight Tuition Bubble If you’ve attended a four-year university within the past decade, you have firsthand experience with the coming college tuition bubble. Although the trend has received surprisingly little press, it’s no longer debatable that the incessant rise in tuition costs at traditional colleges is sustainable. Even in the current low-inflation macroeconomic environment,

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Jobs Crisis Among Recent College Graduates

Education Trends The ongoing unemployment crisis in this country has plagued Americans of all backgrounds and vocations looking to find a decently paying job in their field. But one demographic that has been hit particularly hard by unemployment is one that you might not expect. The Atlantic magazine reports that unemployment has been unusually rampant

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Mounting Debt and Lower Salaries – A Persisting Trend for Grads

College education is costly and a majority of students have had to compromise on the college they choose to attend simply because they can’t afford the fees. Even at less expensive colleges, most students finish college with massive amounts of education debt. Often these debts need to be paid off just months after leaving college. This overhanging debt can have a negative effect on many

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