Stephen Burd: All Related Content

All related content for this individual is listed below.

Colleges Soak Poor U.S. Students While Funneling Aid to Rich | Bloomberg

May 8, 2013

The research analyzing U.S. Education Department data for the 2010-2011 school year undercuts the claims of many wealthy colleges that financial-aid practices make their institutions affordable, said Stephen Burd, the report's author. He singled out ...

Low-Income Students Pay High Net Prices At Many Colleges, Study Finds | Chronicle of Higher Education (subscription)

May 8, 2013

In the paper, "Undermining Pell: How Colleges Compete for Wealthy Students and Leave the Low-Income Behind," Stephen Burd, a senior policy analyst at the foundation, evaluates how well individual colleges with varying resources serve low-income ...

Merit Consideration | Inside Higher Ed

May 8, 2013

Stephen Burd, the report's author, is pessimistic that institutions will be able to reverse these trends on their own, saying instead that any change will have to come from state or federal lawmakers. “These actions fly in the face of national goals to ...

U.S. Colleges Using Financial Aid to Lure Rich Students While Shortchanging Poor ... | Washington Post

May 8, 2013

The research analyzing U.S. Education Department data for the 2010-2011 school year undercuts the claims of many wealthy colleges that financial-aid practices make their institutions affordable, said Stephen Burd, the report's author. He singled out ...

Undermining Pell

May 8, 2013
Publication Image

Nearly fifty years ago, the federal government committed itself to removing the financial barriers that prevent low-income students from enrolling in and completing college. Colleges for years complemented the government's efforts by using their financial aid resources to open the doors to the neediest students. But those days appear to be in the past. With their relentless pursuit of prestige and revenue, the nation's public and private four-year colleges and universities are now in danger of shutting down what has long been a pathway to the middle class for low-income and working-class students.

Today the New America Foundation is releasing Undermining Pell: How Colleges Compete for Wealthy Students and Leave the Low-Income Behind, a report that presents a new analysis of little-examined U.S. Department of Education data showing the "net price" – the amount students pay after all grant aid has been exhausted – for low-income students at thousands of individual colleges. The analysis shows that hundreds of public and private non-profit colleges expect the neediest students to pay an amount that is equal to or even more than their families' yearly earnings. As a result, these students are left with little choice but to take on heavy debt loads or engage in activities that reduce their likelihood of earning their degrees, such as working full-time while enrolled or dropping out until they can afford to return.

U.S. Colleges Using Financial Aid to Lure Rich Students While Shortchanging Poor ... | Washington Post

May 8, 2013

The research analyzing U.S. Education Department data for the 2010-2011 school year undercuts the claims of many wealthy colleges that financial-aid practices make their institutions affordable, said Stephen Burd, the report's author. He singled out ...

Survey Finds Many High School Seniors More Worried About Student-Loan Debt ... | TheBlaze.com

April 5, 2013

Relating a message from a former student weighed down with loan debt, Stephen Burd, senior policy analyst New America Foundation's Education Policy Program, said: “I will never own a home because of this crippling debt.” Is higher education even worth ...

Obama Ends Damaging Student Loan Collections Policy – But Needs to Do More

March 27, 2013

Borrowers with defaulted federal student loans received a rare bit of good news last week: the Obama administration put an end to a policy that improperly enticed loan collection companies to demand excessive payments from borrowers to “rehabilitate” their loans.

Starting this month, the U.S. Department of Education is providing a flat rate commission to the nearly two dozen firms with which it contracts to collect on defaulted loans. These companies will now make the same amount of fees regardless of whether they get a borrower to pay back $5, $50, or $250 per month.

Under federal law, borrowers who default can rehabilitate their loans if they make nine “reasonable and affordable” payments on-time over ten months – clearing their credit records and making them once again eligible for federal student aid. The statute bars collection agencies from demanding minimum payments based on the original loan amounts. Instead, they are supposed to take a borrower’s financial circumstances into account when determining how much that individual can handle each month.

The Education Department’s policy, however, encouraged collectors to demand larger payments than borrowers were legally obligated to pay. According to Bloomberg News, which was the first to report on the Department’s changed policy, here’s how it worked:

Colleges Ramp Up Merit Aid to Target Best and Brightest | Cincinnati Enquirer

March 14, 2013

“There’s this incredible competition, and the problem is that colleges don’t seem to be committed to helping low-income students anymore,” said Stephen Burd, a senior policy analyst at the New America Foundation in Washington, D.C. “Everybody’s just going after the same group of students who tend to come from advantaged backgrounds.”

Original article

Five Things to Know about the Students First Act

March 13, 2013

As I wrote on Tuesday at Higher Ed Watch, the recently introduced “Students First Act” would require the U.S. Department of Education to automatically conduct program reviews of colleges that are most at risk of violating federal law. But this is only one way in which the bill, which was sponsored by Democratic Senators Frank Lautenberg of New Jersey and Tom Harkin of Iowa, would strengthen the tools that the Education Department employs to protect the integrity of the federal student aid programs and safeguard students from unscrupulous schools. Here are some key features that would greatly enhance the Department’s oversight and enforcement authority and provide relief to students who have been harmed.

The bill would:

  • Hold School Executives Accountable for Compliance

Under the measure, college presidents, chief executive officers, and chief financial officers would personally sign the student aid program participation agreements that the Education Department enters with their schools. They then would be held liable if their schools “knowingly and willfully” violated the agreements, or engaged in “gross negligence.” In such cases, these officials would be fined an amount equal to their yearly compensation, and they would be barred from working at another college that participates in the federal financial aid programs for at least five years.

Syndicate content