The Problem with Getting Rid of Student Debt

                Although this may sound odd coming from a person committed to solving the student debt problem, I do not think student debt is totally bad.  I believe there are aspects of student debt that are really good.   When I imagine fixing the student debt problem; I don’t imagine school being free. I imagine a world where student debt gets properly invested. Where loans go to institutions that lead to good careers; and the schools that suck go bankrupt.

   

   In order to solve the student debt problem we first have to understand the problem. The problem is not that student debt exists, the problem is that the debt is misallocated.  Misallocation is an economic term that means a bunch of loans are going to total crap.

I need to blog more

I need to blog and share video updates more often. TuitionCoin is a journey. One I want to share. But, it’s hard to share. I’ll start posting more often, starting with this post, which is about my fears around sharing. 

The Grand Plan to Give Everyone a Free Year of Online College

This month, Klinsky and the non-profit he founded, Modern States Education Alliance, announced the launch of a new initiative called Freshman Year for Free, which aims to make a full range of freshman-level college courses available to anyone for free online. Unlike most so-called massively open online courses or MOOCs, which have sprouted up over the last few years, these courses will directly prepare students for accredited exams like the Advanced Placement test and the College Level Examination Program (or CLEP) exam. That way, after completing the courses, the students can get real college credit—potentially, even a full year’s worth.

Reposted By Issie Lapowsky