Should the government continue to give loans to students who attend for-profit colleges given their high dropout and loan default rates? Gary Becker and Richard Posner weigh in on the debate. “College graduates earn substantially higher salaries than less-educated workers, but it is doubtful whether, in the aggregate, graduates of for-profit colleges earn enough more to compensate for the costs and the dropout risk,” says Becker. Posner writes that, “while stiffer default rules on government subsidized student loans are needed, for-profits should not be discriminated against in these rules since they offer valuable forms of education. With lower allowable default rates, for-profit (and other colleges) would cut back on the number of students accepted whom they expect to eventually default on their student loans.”
In a guest essay for Big Think Business, Pedro Franceschi — co-founder and co-CEO of Brex — explains why deftly navigating between vision and details is crucial for successful leaders.
Narnia and early Middle-earth were pancake-esque — but their creators took differing views on de-globalization.
When we prepare for our plans to go wrong, we build the foundations for lasting profit.
There are three kinds of memory that all work together to shape your reality. Neuroscientist André Fenton explains.
On December 9, 2023, Halley's Comet reached aphelion: its farthest point from the Sun. As it returns, here are 10 facts you should know.