New Book: The Real College Debt Crisis
In their new book, The Real College Debt Crisis, Melinda Lewis and William Elliott share their analysis that there may be a financial aid revolution looming. As a result of these new currents, conversations that seemed unthinkable just a few years ago, such as about the possibility of free college, are now being openly discussed in the media and by politicians. However, these conversations narrowly frame the 'problem' as a failure to help young adults pay for college, with the inevitable and exclusive focus, then, of proposed interventions on the issue of affordability. Instead, they posit that CSAs, capitalized with a wealth transfer, may be a better solution to what really ails financial aid because they have the potential to work on multiple dimensions – early education, affordability, completion, and post-college financial health. In this edition of the Newsletter they include a blog post William wrote on free college proposals and the potential of CSAs. The conversation about the looming revolution in financing college will be continued in a University of Kansas TED Talk on October 16, 2015. This talk will be live streamed at www.elevate.ku.edu (website will be available soon). We hope you will watch and help extend the conversation through social media and other outlets.
The next few years may be critical for determining the kind of opportunities low-income and other disadvantaged students have for the coming decades. It is time, then, to double our efforts so that we can secure a better future for the next generation.