Tuesday, January 17, 2023

Need Student Debtors to Provide Information about Low-Financial-Value Postsecondary Programs (Updated February 15, 2023)


[Editor's Note: The public comment period ended February 10, 2023.]  

The US Department of Education is accepting public comments as a Request for Information (RFI) about "Public Transparency for Low-Financial-Value Postsecondary Programs."  The announcement is available at the US Federal Register.  

The URL to make these comments is at 


As with most US government rules and policies, industry insiders have great influence in these decisions--and concerned citizens are often shut out of the process. When consumers do have a chance to speak, they may not even know of those opportunities.  That's why the Higher Education Inquirer is asking student loan debtors to contribute to this RFI while they can.   

Tell DC policymakers and technocrats about your unique struggles (and your family's struggles) tied to student debt--and what could be done to better inform consumers like you. 

There you can find public comments that have already been made.  As of February 15, only 129 comments were posted. 

According to the announcement: 

"a misalignment of prices charged to financial benefits received may cause particularly acute harm for student loan borrowers who may struggle to repay their debts after discovering too late that their postsecondary programs did not adequately prepare them for the workforce. Taxpayers also shoulder the costs when a substantial number and share of borrowers are unable to successfully repay their loans. The number of borrowers facing challenges related to the repayment of their student loans is significant."  

The Request for Information continues...

"Programs that result in students taking on excessive amounts of debt can make it challenging for students to reach significant life milestones like purchasing a home, starting a family, or saving enough for retirement, ultimately undermining their ability to climb the economic mobility ladder. Especially for borrowers who attended graduate programs, debt-to-income ratios often rise well above sustainable levels. IDR (Income-Driven Repayment) plans also cannot fully protect borrowers from the consequences of low financial-value programs. For instance, IDR plans cannot give students back the time they invested in such programs. For many programs, the cost of students' time may be at least as significant as direct program costs such as tuition, fees, and supplies. Loans will also still show up on borrowers' credit reports, including any periods of delinquency or default prior to enrollment in IDR."

"The Biden-Harris Administration is committed to improving accountability for institutions of higher education. One component of that work is to increase transparency and public accountability by drawing attention to the postsecondary programs that are most likely to leave students with unaffordable loans and provide the lowest financial returns for students and taxpayers."

CECU, an group representing for-profit colleges, has an organized effort to protect its interests. 
Meanwhile, Robert Kelchen has provided an EXCEL spreadsheet that provides many answers. The dataset covers 45,971 programs at 5,033 institutions with data on both student debt and earnings for those same cohorts. We found more than 12,200 programs where debt exceeds income. And more than 7200 programs resulted in median incomes of less than $25,000 a year with debt greater than $10,000.

While some of these high-debt programs in medicine and law may eventually be profitable, many more paint a picture of struggle with a lifetime of debt peonage. Cosmetology schools had a large number of low-income programs.  But the fine arts, humanities, social sciences, and education also produced low-value programs in terms of debt to income ratio. 

Some of subprime schools HEI has been investigating (Purdue University Global, University of Arizona Global, The Art Institutes) had a number of low-value majors. But elite and brand name schools like Duke, Drexel, Emory, Syracuse, Baylor, DePaul, New School, and University of Rochester even have high debt and low-income programs. 

Related link:  I Went on Strike to Cancel My Student Debt and Won. Every Debtor Deserves the Same. (Ann Bowers)

Related link: More Transparency About the Student Debt Portfolio Is Needed: Student Debt By Institution

Related link: The College Dream is Over (Gary Roth)

Related link: Even Elite Schools Have Subprime Majors (Keil Dumsch and Dahn Shaulis)

Tuesday, January 3, 2023

Manhattanville College’s Administration Tries to Save School...by Removing its Heart (Bob Frank)

During the past two years, administrators at storied Manhattanville College have removed 46 full-time faculty--by paying then to retire or laying them off. Last month, for the first time in Manhattanville's history, tenured faculty in the arts and humanities were pushed away. 

Since the 1840s, Manhattanville College was famous for its caring faculty.  But now they will follow a CUNY/SUNY big school format, with most courses taught by adjunct faculty.

As much as the college claims on its front page to "put focus on the future," the reality is that of less caring, financially unstable institution.

To survive, Manhattanville College has chosen to cut full-time faculty, grow its administration, and create new interdisciplinary degrees. Unfortunately, no-one knows what those new interdisciplinary degrees will look like.

The Manhattanville faculty is the heart of the institution. To discard so many of them, points towards a lack of vision from its administration. 

Today, there are no more tenured faculty in many of the humanities and art disciplines and degrees such in Art History, Languages, Music, Technical Theatre, and many more, have been frozen. The future of this institution looks grim, following many years of catastrophic poor leadership and financial distress.

Students are also voicing opposition to these developments in this Change.org petition. 

One needs to ask "How can a small liberal arts college survive under the current financial climate?"

It appears Manhattanville’s administration, and its Board of Trustees, believe the answer is by freezing disciplines and replacing them with new degrees that have a proven history of being financially lucrative. But is that really the answer? 

In reality, after removing 50 percent of its full-time faculty, this college has lost its heart. The heart of Manhattanville College was its faculty and the only reason for students to choose this college. 

Compared to nearby, cheaper colleges, Manhattanville is small, with old dormitories, poor student activities, and not much to do during the weekends. Yet, it was a warm and wonderful campus, a place where students knew they were the center of attention, and faculty went far beyond their teaching duties to reach out to all students. 

When transforming a college by removing its heart, one wonders what the future holds, and how long it will take to regain an identity students can trust. 



End the Administration of Manhattanville College's Negligence Towards Students and Staff