Analysis of information sources in references of the Wikipedia article "Student loans in the United States" in English language version.
CBO estimates that the cost of outstanding student loans to the federal government will increase by about $400 billion because of an executive action canceling some debt.
Over the 30 years between 1991-92 and 2021-22, average tuition prices more than doubled, increasing to $10,740 from $4,160 at public four-year colleges, and to $38,070 from $19,360 at private institutions, after adjusting for inflation, according to the College Board. ... With nearly no limit on the amount students can borrow to help cover the rising cost of college, "there is an incentive to drive up tuition," she said. Now, "schools can charge as much as they want," [Diana Furchtgott-Roth, an economics professor at George Washington University and former chief economist at the Department of Labor] added.
For-profit colleges – run by private companies that return profits to shareholders – are a growing fixture of the U.S. higher education market, serving almost 1 million students in 2018, or 5% of all enrollments. That's up from 2.9% in 2000, though down from a peak of 9.6% in 2010. ... In 2012, 39% of defaults on federal student loans occurred among borrowers who had attended for-profit colleges – nearly four times the percentage enrolled in the 2010-11 academic year.
We study the link between the student credit expansion of the past fifteen years and the contemporaneous rise in college tuition. To disentangle simultaneity issues, we analyze the effects of federal student loan caps increases using detailed student-level financial data. We find a pass-through effect on tuition of changes in subsidized loan maximums of about 60 cents on the dollar, and smaller but positive effects for unsubsidized federal loans. The subsidized loan effect is most pronounced for more expensive degrees, those offered by private institutions, and for two-year or vocational programs.
The antipathy many conservatives feel toward President Biden's student debt relief plan, which the nonpartisan Congressional Budget Office recently estimated will cost roughly $400 billion, is as vivid as many borrowers' enthusiasm for it.
In a May analysis, the Committee for a Responsible Federal Budget estimated a policy like the one Biden announced would cost at least $230 billion, and warned that even income limits "would do almost nothing to alleviate the central issues with the policy, namely that it is regressive, inflationary, expensive, and would likely do more to increase the cost of higher education going forward than to reduce it."
Anyone who reads about how we have $1.7 trillion in outstanding student loan debt should always keep in mind that almost half of all new student loans, in particular, are for graduate school, not for undergraduate. You hear somebody that's got $200,000 or $300,000 in debt; they almost surely went to graduate school. They didn't borrow that much money from the Department of Education to get a bachelor's degree.
