College Loans – Who Benefits the Most? Best Bond Manager Ever Comments

About 40 million people owe over one trillion dollars in student loans.   Bill Gross, the most successful bond manager ever, and the founder of PIMCO (the largest bond management company in the world), gave this explanation: "...Universities are … [Continue reading]

Thank The Chronicle of Higher Education for their New Blog: “The PH.D. Placement Project”

The Chronicle of Higher Education is working to accumulate and publish data on Ph.D. placement.  It is a vital and important task.  Here is the link to the blog. http://chronicle.com/blogs/phd/   It is a start.  Unfortunately, it is … [Continue reading]

Chinese Firms Reject American Degrees

I have argued in this blog that far too many of our universities are delivering degrees but not education.  This is even true at many "elite" universities.  (See the book Academically Adrift for data that show how much worse university education has … [Continue reading]

Interesting Community College Salary Data from California

The California Community College system has a website that gives salary data for their graduates.  You can find the link by clicking on my Page, Salary Data. … [Continue reading]

Oregon College Funding Plan May Have Potential

Instead of paying tuition, students will pay into a fund after graduation.  The plan is reported in today's Wall Street Journa.  … [Continue reading]

Great Book, So Far

I just finished Part I (HOW WE GOT HERE) of the highly informative new book by Jeffrey J. Selingo.  The title is COLLEGE (UN)BOUND.  In just 50 pages, the author gives an excellent description and analysis of what went wrong.  The only quibble I have … [Continue reading]

New Comment On NY Times

This NY Times blog does have some new thoughts, in that it addresses the value of college as a public good.  My only complaint is that, yes, in spite of wasting a lot of money and futures, you can still add up to an overall public good; but, you … [Continue reading]

Discriminatory Pricing

Universities use this all the time.  What is it?  It's a common business pricing technique.  Suppose you have a lemonade stand.  You determine the optimum price to charge by computing the price that will maximize your profit.  (You use Calculus, of … [Continue reading]

Net Price Calculator

Congress recently mandated that colleges make a net price calculator available on their website.  I think all students and parents should use it before applying.  Also, if the college makes it hard to use or find, I would be somewhat concerned.  … [Continue reading]