Melissa Korn

speaker

822 appearances 14 recordings 1 series first heard Sep 2017 last heard Sep 2024

Melissa Korn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Many Master's Programs Leave Grads Short on Earnings to Pay Off Loans · 9 Jul 2021 podcast

We can't just pull money out of this big pot. voice-verified

It's not one big pot. voice-verified

It's lots of small endowments for various purposes. voice-verified

So they say just pulling more money from the endowment isn't really an option. voice-verified

But yes, graduate students need more financial support. voice-verified

They say that they're trying to figure out how to offer more of that support. voice-verified

But at the same time, they acknowledge that master's programs do provide a really valuable source of revenue for the institutions. voice-verified

So the more money they give in scholarships, the less revenue they'd be getting from these programs. voice-verified

It's a complicated position that they find themselves in. voice-verified

The graduate schools and the universities also say that, you know, they try to inform students as much as possible before they enroll, give them all the details on the loan programs, make sure they understand the financial responsibility. voice-verified

But ultimately, you know, this is a degree from a top flight institution and it likely will pay off. voice-verified

So a lot of policy folks talk about limiting the amount of debt that graduate students could take on. voice-verified

So right now, because there is no limit, they can just keep going further and further into the red for whatever expensive program it is. voice-verified

And sometimes these are four or five year programs. voice-verified

programs. voice-verified

So they're accruing a lot of debt. voice-verified

So if the Department of Education said, we're going to limit and you can only borrow X amount of dollars for graduate programs, just the same way you can for undergrad, students could only get in so much financial trouble. voice-verified

The thing with that is schools likely would then have to recalibrate their tuition rates voice-verified

so that they're not expecting students to just borrow and borrow and borrow to cover the costs because people don't have 70 grand in tuition per year just sitting in their pockets. voice-verified

WSJ Your Money Briefing · Banks Pay Colleges Big Bucks for Top Billing · 30 Jan 2018 podcast

So starting January 1st, schools needed to disclose the median and mean fees that students paid with their linked checking or debit accounts.

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