Should Taxpayers Help Foot The Bill For Advanced Degrees?
“The Congressional Budget Office has released projections for the Department of Education’s profits over the coming decade. The U.S. Department of Education is expected to generate $127 in profit on loans to students and their families. About three quarters of that profit is expected to come from graduate students, despite the fact that students pursuing advanced degrees make up a smaller portion of the lending market,” 89.3 KPCC reports. “In a perfect world, what we really want to see is the government providing opportunity to students at the graduate or undergraduate level… At the graduate level, our goal here ought not to be a significant return on our taxpayer investment. Whatever earnings we’re making on these programs, let’s reinvest them back into our student programs or into our students directly,” said NASFAA President Justin Draeger during the radio segment.