{"id":1512859,"date":"2022-06-13T06:49:33","date_gmt":"2022-06-13T10:49:33","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1512859"},"modified":"2022-06-13T06:50:50","modified_gmt":"2022-06-13T10:50:50","slug":"can-rosensweig-why-tech-is-the-solution-to-the-student-debt-dilemma","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/can-rosensweig-why-tech-is-the-solution-to-the-student-debt-dilemma\/","title":{"rendered":"Can Rosensweig: Why Tech Is the Solution to the Student-Debt Dilemma"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcan-rosensweig-why-tech-is-the-solution-to-the-student-debt-dilemma%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1512859&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>No sooner had the White House announced its latest <a href=\"https:\/\/nypost.com\/2022\/05\/27\/white-house-plan-would-cancel-student-loan-debt-up-to-10k-report\/amp\/\">student loan debt forgiveness initiative<\/a> late last month than critics and supporters began to weigh in. Some argued that saddling Americans with a whopping <a href=\"https:\/\/www.cnbc.com\/2022\/05\/06\/this-is-how-student-loan-debt-became-a-1point7-trillion-crisis.html\" target=\"_blank\" rel=\"noreferrer noopener\">$1.7 trillion in student debt<\/a> has made it <a href=\"https:\/\/www.cfr.org\/backgrounder\/rising-student-debt-harming-us-economy\">impossible<\/a> for many to buy homes, start families and help the economy grow. Others <a href=\"https:\/\/www.forbes.com\/sites\/prestoncooper2\/2020\/11\/17\/the-case-against-student-loan-forgiveness\/?sh=3cf83c3a464c\" target=\"_blank\" rel=\"noreferrer noopener\">retorted<\/a> that a loan\u2019s a loan, and that the government shouldn\u2019t be in the business of bailing\u00a0out adults who made commitments they understood fully well<strong>.<\/strong>\u00a0There is no doubt student debtors need help: Nearly <a href=\"https:\/\/fortune.com\/2022\/04\/28\/1-in-3-us-students-dont-think-theyll-ever-pay-off-their-debt\/\" target=\"_blank\" rel=\"noreferrer noopener\">one in three<\/a> current students already think they will never pay off their loans, and unlike other types of debt, student loans <a href=\"https:\/\/www.forbes.com\/sites\/adamminsky\/2021\/10\/28\/big-changes-to-student-loan-bankruptcy-rules-may-be-coming---but-questions-remain\/?sh=29395b4656eb\" target=\"_blank\" rel=\"noreferrer noopener\">cannot be forgiven<\/a> by bankruptcy<strong>,<\/strong> which means they\u2019ll likely last forever.\u00a0<\/p>\n<p>While there may be a place for some form of debt relief, it\u2019s not a long-term solution. If you really want to fix student debt you have to fix college. How? By lowering costs, offering more coursework the job market actually needs and drastically improving outcomes. Students need to earn degrees faster and personalize learning to meet both their academic and professional goals. Traditional one-size-fits-all curricula are <a href=\"https:\/\/employedhistorian.com\/cant-find-job-after-college\/\" target=\"_blank\" rel=\"noreferrer noopener\">no longer relevant<\/a> in this\u00a0economy \u2014 and the employability numbers bear that out.\u00a0<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/president-biden-1.jpg\"><\/a><figcaption>Pres. Biden repeatedly paused student loan repayments during the pandemic. With payments set to begin again, industry observers are already predicting a wave of delinquencies \u2014 and the potential for total debt reaching <a href=\"https:\/\/www.cnbc.com\/2022\/05\/06\/this-is-how-student-loan-debt-became-a-1point7-trillion-crisis.html\" target=\"_blank\" rel=\"noreferrer noopener\">$3 trillion by 2035<\/a>.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>Two statistics illustrate the state of our current higher education sector. According to the National Center for Education, the cost of attending college <a href=\"https:\/\/www.cnbc.com\/2021\/11\/02\/the-gap-in-college-costs-and-earnings-for-young-workers-since-1980.html#:~:text=According%20to%20the%20researchers&#039;%20analysis,have%20increased%20by%20just%2019%25\" target=\"_blank\" rel=\"noreferrer noopener\">increased<\/a> by a whopping 169% between 1980 and 2020, while earnings of Americans aged 22 to 27 rose by a far more modest 19%. For most Americans, that meant taking on debt\u2014 and often graduating without the skills required to pay it back. Which brings us to the second stat: last year, in a <a href=\"https:\/\/www.cengagegroup.com\/news\/press-releases\/2021\/new-cengage-report-finds-recent-college-graduates-feel-underqualified-to-enter-the-workforce\/\" target=\"_blank\" rel=\"noreferrer noopener\">survey<\/a> of recent graduates of two- and four-year colleges, 21 percent said their colleges didn\u2019t provide them with the right job skills, and 38 percent said they occasionally or rarely used the skills they learned. Half didn\u2019t apply to entry-level jobs because they felt underqualified.<\/p>\n<p>Put simply, colleges are charging far more than the employment outcomes they\u2019re likely to produce.\u00a0And this isn\u2019t even accounting for the 38 percent of college students who <a href=\"https:\/\/educationdata.org\/college-dropout-rates#:~:text=General%20Statistics&#038;text=more%20educated%20peers.-,In%20the%20United%20States%2C%20the%20overall%20dropout%20rate%20for%20undergraduate,28%20countries%20in%20OECD%20studies.\" target=\"_blank\" rel=\"noreferrer noopener\">won\u2019t graduate<\/a>, often stuck with debt but no degree. Education used to be the great equalizer; for it to be once again, we need to demand that colleges demonstrate a clear return on the investment.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/student-loan-protest.jpg\" alt=\"Student loan borrowers gather near The White House to tell President Biden to cancel student debt.\" class=\"wp-image-22589743\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Protestors demanding student debt is wiped out. Total debt now totals some $1.7 trillion, a figure many say has made it harder for graduates to buy homes and start families. <\/figcaption><figcaption><span class=\"credit\">Paul Morigi\/Getty Images for We, The 45 Million<\/span><\/figcaption><\/figure>\n<p>To do this we must embrace technology \u2014 to not just bring down college costs, but to ensure that what we teach results in actual job market success.\u00a0There is a model for this. During the global COVID-19 pandemic, colleges around the world developed online or hybrid academic experiences that delivered, at the very least, basic educational necessities while ensuring their students stayed connected and informed.\u00a0As more than a decade\u2019s worth of data <a href=\"https:\/\/files.eric.ed.gov\/fulltext\/EJ1296879.pdf\">confirms<\/a>, digital learning works because it allows <a href=\"https:\/\/nces.ed.gov\/pubs2017\/2017098\/index.asp\">greater access<\/a> to academic resources at far lower costs, and with increased personalization. <\/p>\n<p>Today, a majority of students \u2013 who on average are aged <a href=\"https:\/\/www.marketwatch.com\/story\/this-is-what-todays-college-students-really-look-like-2017-08-16\" target=\"_blank\" rel=\"noreferrer noopener\">25 or older<\/a>, already employed, typically female and often parents \u2013 have to trade off between learning and earning. Online and hybrid models offer the flexibility many students need to juggle education, work, and family life. A recent <a href=\"https:\/\/www.apa.org\/monitor\/2021\/09\/cover-remote-learning\" target=\"_blank\" rel=\"noreferrer noopener\">survey<\/a> conducted by the American Psychological Association confirms this; most respondents said they valued not only the flexibility of digital learning, but also its diverse range of resources and learning method.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/distance-learning.jpg\" alt=\"Abigail Previlon, 13, takes part in remote distance learning with her deaf education teacher Diane Gamse.\" class=\"wp-image-22589750\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Education experts say one way to combat the student debt crisis is to arm graduates with skills that will secure them higher-paying jobs. Technology like tele-learning could help make this both accessible and achievable.<\/figcaption><figcaption><span class=\"credit\">John Moore\/Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/northeastern-graduates.jpg\" alt=\"The reality of college tuition debt was on display at the Northeastern University graduation.\" class=\"wp-image-22589754\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Graduates at Northwestern University bemoaning their student debt loads. The rise of digital learning \u2014 particularly during the pandemic \u2014 has offered students more flexible learning opportunities.<\/figcaption><figcaption><span class=\"credit\">Suzanne Kreiter\/The Boston Globe via Getty Images<\/span><\/figcaption><\/figure>\n<p>But if the \u2018how\u2019 is one question, the \u2018what\u2019 is another \u2014 and that \u2018what\u2019 is more real-world skills. Surveys overwhelmingly suggest that the <a href=\"https:\/\/www.washingtonpost.com\/news\/grade-point\/wp\/2018\/09\/01\/college-students-say-they-want-a-degree-for-a-job-are-they-getting-what-they-want\/\" target=\"_blank\" rel=\"noreferrer noopener\">number one reason<\/a> students go to college is to get a good job. College degrees would be far more meaningful if grads could compete in an economy that\u2019s increasingly global and highly\u00a0digital. This doesn\u2019t mean every college should become a\u00a0coding boot camp. Rather, they need to reinforce digital-first training such as remote collaboration, multi-source research and real-time project evaluation.\u00a0<\/p>\n<p>More and more, we see that employers are <a href=\"https:\/\/www.cnbc.com\/2022\/04\/25\/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html\" target=\"_blank\" rel=\"noreferrer noopener\">valuing college degrees less and less<\/a>. We need to change that by allowing young Americans to personalize education to gain the skills that will forge actual careers. Otherwise, we\u2019re simply dooming them to high college costs for an education many students might not actually use and cannot repay.<\/p>\n<p>The richest, greatest country in the world needs more than just debt forgiveness; it needs a new deal for students to ensure we can continue to compete.<\/p>\n<p><em>Dan Rosensweig\u00a0is\u00a0CEO of educational technology\u00a0company Chegg<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No sooner had the White House announced its latest student loan debt forgiveness initiative late last month than critics and supporters began to weigh in. Some argued that<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1512859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1512859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1512859"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1512859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1512859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1512859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1512859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}