Alexander Says College Is More Affordable Than Most Students Think

Thursday, March 27, 2014

U.S. Senator Lamar Alexander Thursday said that college is more affordable than most students think, arguing that “perspective” was necessary in the discussion over whether overborrowing by college students is a serious problem.

Senator Alexander said, “I don’t think I’ve ever run into anybody who said it’s pretty easy to pay for college. My experience is probably like everybody else’s: I had no money, so I had two scholarships and five jobs to try to make my way through. But college is more affordable than most students think.”

Senator Alexander, in a hearing Thursday of the Senate education committee where he is the senior Republican, explained that about 40 percent of college students “attend community colleges where the average tuition and fees are under $3,300. Those students receive an average of $4,800 in grants and scholarships, so that the average community college student in America is receiving about $1,500 more in grants and scholarships than it costs in tuition and fees. In fact, Governor Haslam is working to advertise that in our state so that he can encourage more people to go to college. Another 37 percent of college students attend public four-year universities. The average in-state tuition and fees is about $8,900, and those students receive on average $5,800 in grants and scholarships, leaving them to pay $3,100 on average, in tuition and fees.”

Senator Alexander said that, according to the New York Federal Reserve, at the end of 2012, “Forty percent of borrowers had [student loan] debt of less than $10,000; 70 percent had a debt of less than $25,000; and less than four percent had a debt of more than $100,000.”

Adding further context to those figures, Senator Alexander cited the College Board’s finding that the average college graduate “earns more than a million dollars more over a lifetime” than those without college degrees.

The senator continued: “It’s important for students to know as they think about going to college that it can be affordable and most students don’t have to borrow too much money if they borrow wisely.” 

Senator Alexander, a former president of the University of Tennessee and U.S. education secretary under President George H.W. Bush, expressed interest in studying further what he believes to be the real problem: “An Inspector General’s report from the U.S. Department of Education warns that some students borrow excessively for personal expenses not related to their education. That is a growing phenomenon. So, overborrowing may be partly the result of government policy and I think in future hearings we should talk about various ways that have been suggested to limit the overborrowing that saddles some students with too much debt, such as the current practice of allowing students who are enrolled part-time to take out as much in federal loans as a full-time student, or perhaps we should provide colleges with the authority to set some borrowing limits. These are things we will have to discuss.”

Thursday’s hearing was the eighth in a series of hearings the committee is holding on the reauthorization of the Higher Education Act.

Learning Blade Announces "Hack Attack" Computer Science Mission

Chattanooga-based Thinking Media’s Learning Blade announced the new “Hack Attack” Computer Science Mission to over 400 attending the Arkansas Public School Resource Center (APSRC) Annual Conference in Hot Springs this week. Arkansas has led the nation by the passage of Computer Science Education and Jobs Act of 2015, which provides computer coding classes to all Arkansas high ... (click for more)

Mccallie, Bright Spark To Host Design Event At Center For Technology, Engineering And Design

McCallie school has joined forces with Bright Spark, a local nonprofit group, to help expose students throughout the Chattanooga area to design thinking. The partnership will launch Saturday, Oct. 22, with a training seminar for teachers and students from 26 area schools working on two design thinking challenges for students in grades 6 through 12. The ExperienceInnovation ... (click for more)

1 Shot And Killed In St. Elmo Monday Morning; 2nd Person Taken To Hospital

One person was shot and killed in St. Elmo Monday morning. Another person was taken to the hospital. The person transported was driving a Lincoln that was behind a church off of Virginia Avenue. The shooting happened on Florida Avenue, and police said it did not appear to be gang related. More information to follow. (click for more)

6 People, Including 4 Children, Die In Mobile Home Fire In Trion, Ga.

Six people, including four children, died in a mobile home fire at Trion, Ga., on Sunday night. The fire broke out on Airport Road in Chattooga County. Sheriff Mark Schrader said, "It is with a heavy heart tonight that I report that a residential fire has claimed the lives of six people, two adults and four children. The fire occurred around 11:00 p.m. in the Airport subdivision, ... (click for more)

Where Is The Speed Control On Our Highways? - And Response (3)

I am teaching my 15-year-old to drive in the North Georgia and Chattanooga area. I have warned her of the dangers of exceeding the speed limit both as a hazard to herself and in terms of receiving a ticket. What a liar I am.  Have you driven on the local freeways and highways recently? I never see any highway patrolmen helping to reduce speeding or pulling over those who ... (click for more)

Roy Exum: The Testerman Forum

I badly misjudged how long it would take me to do my “early voting.” I was in-and-out in no time so I got to the Hamilton County School Board’s agenda meeting well enough beforehand to have an “educational forum” with board member David Testerman. If you haven’t noticed, forums and summits and “community enlightenment” groups are the new rage and, as my friend David laughed, “They ... (click for more)