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Wednesday, September 14, 2011

All Education Matters: Yes! Go Dean Dad! - Remarks About A Student Loan Stimulus

All Education Matters: Yes! Go Dean Dad! - Remarks About A Student Loan Stimulus:

Yes! Go Dean Dad! - Remarks About A Student Loan Stimulus

In other blog news . . . over at Inside Higher Ed, Dean Dad wrote a piece entitled, "A Student Loan Stimulus?,' and suggested, thanks to the smart Twitter folks' idea, that Obama's plan to invest in community colleges should be used to forgive student loans for people in their 20s and 30s.
Here's a snippet (for the full read, go here):
President Obama has proposed spending five billion dollars on building renovation at community colleges across America.

It’s a nifty idea, even though it’s politically DOA. Divided among 1100 community colleges, it works out to between four and five million each. That’s certainly helpful -- no argument there -- but it’s not enough to add much capacity. Even a smallish, not terribly cutting edge classroom building will run at least ten million. It would help tremendously with certain kinds of deferred maintenance, but that