LEADER 04007nam 2200433 450 001 9910760272303321 005 20231122025545.0 010 $a3-031-46375-7 035 $a(MiAaPQ)EBC30876557 035 $a(Au-PeEL)EBL30876557 035 $a(EXLCZ)9928804789500041 100 $a20231122d2023 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aBait and Switch $eHow Student Loan Debt Stifles Social Mobility /$fRobert H. Robert H. Scott, Joseph N. Patten, and Kenneth Mitchell 205 $aFirst edition. 210 1$aCham, Switzerland :$cPalgrave Macmillan,$d[2023] 210 4$d©2023 215 $a1 online resource (142 pages) 311 08$aPrint version: Scott, Robert H., III Bait and Switch Cham : Springer International Publishing AG,c2023 9783031463747 320 $aIncludes bibliographical references and index. 327 $aIntro -- 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. 327 $aRegression 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. 606 $aSocial mobility 615 0$aSocial mobility. 676 $a605 700 $aScott$b Robert H., III$01438371 702 $aPatten$b Joseph N. 702 $aMitchell$b Kenneth 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910760272303321 996 $aBait and Switch$93599627 997 $aUNINA