Laura Beamer in Open Campus
Open Campus’s Scott Smallwood spoke to Laura Beamer, Lead Researcher in Higher Education Finance, about her recent Millennial Student Debt Report “How Schools Lie.”
The JFI analysis … used MIT’s Living Wage Calculator to look at how accurate colleges’ estimates were for living off-campus. It found 41 percent were underestimating the costs of room and board. And the average gap was substantial: about $1,500 for public colleges and $2,000 for private ones.
Digging into the numbers colleges report for all those other costs (room and board, books, other expenses) makes you wonder if we’re even talking about the same thing — and what a prospective student should think about any of it.
Related
New Report on Student Debt Cancellation; Coverage in Marketwatch
Marketwatch: "The analysis is the first to provide a sense of who has benefited from the $153 billion in debt cancellation...
ISA research cited by White House and others
This research formed part of a White House issue brief, "The Economics of Administration Action on Student Debt."
Working Paper — Navigating Higher Education Insurance: An Experimental Study on Demand and Adverse Selection
A survey-based experiment in collaboration with the Philadelphia Federal Reserve.