Perspective
Jan. 26, 2016
Shifting the risk of higher education
The reallocation of higher education risk — the danger that a student's debt might exceed her ability to repay — is the result of two developments. By Jonathan D. Glater
Jonathan D. Glater
Professor
UC Irvine School of Law
Email: jglater@law.uci.edu
Jonathan teaches education law and policy, among other things. His research and writing focuses on accessibility of higher education. Prior to joining the faculty, Professor Glater for nine years worked as a reporter at The New York Times, where he wrote about the business of law and about higher education finance.
Borrowing to pay for college has helped shift more of the risk of investing in higher education onto students and their families. At the same time, federal loans to aspiring college students have put higher education within reach of people who otherwise might have been unable to enroll at all. These two truths highlight the challenge faced as we debate the significance of student debt, and it is not a new challenge. It is all...
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