04007nam 2200433 450 991076027230332120231122025545.03-031-46375-7(MiAaPQ)EBC30876557(Au-PeEL)EBL30876557(EXLCZ)992880478950004120231122d2023 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierBait and Switch How Student Loan Debt Stifles Social Mobility /Robert H. Robert H. Scott, Joseph N. Patten, and Kenneth MitchellFirst edition.Cham, Switzerland :Palgrave Macmillan,[2023]©20231 online resource (142 pages)Print version: Scott, Robert H., III Bait and Switch Cham : Springer International Publishing AG,c2023 9783031463747 Includes bibliographical references and index.Intro -- Introduction -- Contents -- List of Figures -- List of Tables -- 1 The Bait: The History of American Colleges and the Creation of Student Loans -- Introduction -- How Theories on Education Influenced the American Framers -- Education that is Useful: The Origins of an American Model for Education -- College Access and Women: Benjamin Rush, Noah Webster, and Mary Wollstonecraft -- Building Colleges in Nineteenth-Century America -- Federal Involvement in Higher Education: The Morrill Act of 1862 -- The Architect of Land-Grant Colleges: Jonathan Baldwin Turner and the "Turner Plan" -- Implementing the Morrill Act of 1862 -- The End of Slavery and the Growth of Historically Black Colleges and Universities -- Expanding Access to American Colleges in the Twentieth Century: The G.I. Bill -- Creation of Student Loans: Eisenhower and the National Defense Education Act (1958) -- Student Loans and Lyndon Johnson's Great Society -- Conclusion -- References -- 2 The Switch: Higher Education as a Public Good Decays (1965-1992) -- Introduction -- Profiling a Public Good Abandoned -- Institutions Matter -- Formal Institutions, Federal-State Partnerships, and Great Society Outcomes -- Informal Institutional Change in Higher Education -- The Enemy is Us -- Athletics -- Administrative Bloat -- Hostile Take Over-Sallie Mae/Navient -- Conclusion -- References -- 3 The Income and Wealth Effects of Student Loan Debt -- Introduction -- Is College Worth the Cost? -- Methods -- Outstanding Student Loan Debt Among Americans -- College Degree Wage Premium Stratified by Race -- College Degree Wage Premium Stratified by First-Generation Status, Race, and Gender -- Summary of Student Loan Stratification Statistics -- Student Loan Debt Delinquency -- Student Loans and Homeownership -- Analyzing the Relationship Between Student Loan Debt and Homeownership.Regression Models -- Binary Logistic Regression Models -- OLS Regression Model -- Student Loans and First-Time Homebuyer Regressions -- Conclusion -- References -- 4 Recent Changes to Student Loan Policy and Future Recommendations -- Debt Cancellation and the US Supreme Court -- Legal Arguments Against Widescale Debt Cancellation Through Executive Orders -- The Positive Impact of Targeted Student Debt Cancellation -- Student Debt Policy after Biden v. Nebraska (2023) -- Reforming the Income-Driven Repayment Plan (IDR) -- Childhood Trust Funds (Baby Bonds) -- Colleges Need Skin in the Game -- Ban For-Profit Colleges from Receiving Federal Funding -- Reform Bankruptcy Law -- Conclusion -- References -- Conclusion -- Index.Social mobilitySocial mobility.605Scott Robert H., III1438371Patten Joseph N.Mitchell KennethMiAaPQMiAaPQMiAaPQBOOK9910760272303321Bait and Switch3599627UNINA