Well, when we first introduced the application of analytics in higher ed, most people think this is an absurd thought.  However, if one now browses the “word” analytics, she or he will get many pages to read on the internet.

In higher ed industry, the ideas of applying education analytics is just to begin, after AAEA published stunning research findings in 2013.  However, the application of analytics at higher ed institutions is still focusing on data visualization.  Needless to say that data visualization is not the same with education data analytics, which we specifically called it IRI–Institutional Research Intelligence.  Some schools are trying to hire professional with a special blend or set of skills and experiences.  But the market cannot supply enough of them.  There are also institutional barriers to change from data visualization to data analytics.  Most of the leaderships in the OIR who are currently in the “position” to make the change are coming from the old school.

The old IR (OIR) profession is trying to survive and start embracing the AAEA’s ideas and move toward data-informed.  However, for many years, this branch of profession only focusing on reporting, period.   Therefore, there are so many problems that have been created, and one of the biggest problems is rising the College Cost because of  inefficiency.

Efficiency is not the focus of the OIR, as the Association has mentioned above, its focus is only on traditional reporting such as IPEDS or sharing their data to institutions such as USNEWS or Peterson’s.  Therefore, the US families have suffered from the rising college cost that have forced them to co-sign or take loans and then get trapped into student loan debt.

Everyday, even every single minute or second, the American voters will hear all sort of 2020 election analyses, rumors, dramas, bad or good news or any other rhetoric statements through different instruments such as, TV ads, unsolicited emails, robo calls, text messages and others.

If the Association were a voter and therefore could vote then a simple logic or coherence thought will be used in the process of making the right decision.  So, what is the right decision?  It is not necessary be the same among different group of voters.  The way how a voter will make a decision is based on his own interest.  In other words, a voter will cast her or his vote to the candidate who will bring the direct benefit to her or him, and not someone else’s.  Student loan borrowers be rational and not irrational or emotional.

Pause and think a moment.  If you have $30K student loan debt (because your alma has made you pay the price that it set) that burdens and cuts or takes away part of your monthly or bi-weekly take-home pay, would it be better if Uncle Sam will write it off, either partially or all?  One needs not to have an Einstein’s brain to make the right choice.  America chooses the right one!

The bottom line is to choose the candidate who can help you, as a student loan borrower to get rid your student loan debt forever.  America, it is your time to make the right decision–not for anyone, but for yourself and your future family.

Looking at the recent election results in both Kentucky and Virginia, it is evident that America have used the rational, instead of emotional reasoning in making their choice. It is not about liberal or conservative, not does it is about blue or red.  It is about making the right decision.  It is about your future.  It is about making rational choice.  For no one else that cares about you.  No one else that fight along side with you, but the candidate that supports and will help you easing your current and future financial burdens.

Happy voting!

The 2020 big dance picks up steam pretty fast.  It comes from different directions and attacks can be seen among candidates in the same group.  America needs to make the “RATIONAL” instead of emotional & irrational choice.

Freedom to choose, while is one of the basic foundations how Americans make their choice, yet it can be twisted or directed toward making irrational instead of rational choice through false campaign promises, slogans or advertising.

So, what is the irrational choice related to the student loan debt?  Remember that not all the politicians are concern about your financial health.  However, without your personal support or vote he or she cannot win.  Therefore, their interest is just to get your vote, period, nothing else.  They are not concern about your student loan debt either or financial situation, ever.

Therefore, on the campaign trails, one will find or hear a lot of rhetoric statements or slogans directed to affect the voters’ emotion so that the emotional factor becomes dominant in the voters’ decision making process.  In other words, a voter will vote for a candidate, even though he or she, the voter, gains nothing from his or her emotional decision.  The reason is simple because she or he, the voters, has made an emotional decision, instead of a rational one.  Emotional decisions will not lead to an optimal outcome.  For example, if you choose the candidate who will not make your student loan debt goes away, what good will that do to you?  He does not even care about your student loan debt and other financial burdens that you have to sustain as results of attending a higher ed institution.

However, the story will be very different if one chooses the person who has fought, and is still fighting for you.  Therefore, as a voter, you have to be able to distinguish a candidate who has fought and candidates who start to fight or pretend to care about you, simply because it is an election year.

Among the blue party, there is clearly one person who have fought for years persistently and consistently.  However, the other person, though has held the position for 8 years done practically nothing to ease your student loan debt, ever.

Now, think about the incumbent.  Did he do anything at all?  If your answer is zero, that is still a better answer.  In fact, as long as the student loan debt is concerned, he has made thing go from zero to negative.  The reason is simple, as a businessman, he does not care and he supports the business entities who get the benefits or who can make more money because of all the messes.

America, it is your choice if you will accept the offer from someone who has fought persistently to ease your student loan debt burden or you vote for someone who will add or even increase your financial miseries.

Happy election!

The Association needs to remind the readers to read this article, very carefully.  Pay attention on:

1. Who wrote the article and
2. How “moral hazard” has been defined.

Part of the opinion is quoted below:

“He continued: “For example, the economic benefit would likely only be transitory if debt forgiveness was a one-time windfall for current borrowers, as future generations of student loan borrowers would ultimately return to debt-based financing to meet rising college costs.” 

In addition, canceling student loan debt now could lead future borrowers to expect that their debt will be erased as well, and give them an incentive to take out even more loans, Foster wrote. That “could ultimately exacerbate the acculmulation of higher student debt burdens in the future,” he said, which would make the current issue much worse.

This study or research is quoted by “Market Insider” which may lean toward the Wall Street.  Interestingly, it is published on Nov 3rd, when NBC/Wall Street Journal reported that two advocates of the student loan forgiveness or bail-out program that run for the 2020 big dance are the top-3 nominees.

AAEA has long argued in that the student loan debt is the first step, and it should be followed by the second step.  Read the second paragraph written on the Home page which pasted below:

“Partially fixing the current US student loan problem, other than to write-them-all- off is parallel with rebuild or remodel an old building.  The cost could be higher than that of to tear-it-down.  Too many players’ interests have contributed to the systematic errors which make it almost impossible not to completely overhaul the whole system.  However, AAEA has hypothesized that writing off the student loan debt is the first step, and it should be followed by promoting efficiency and controlling the cost of education through tighter regulations and audits for Title IV or any recipients of federal and state funding.  Because soaring education cost and inducing systematic errors in the system are the roots of the problem”..

As reported by the Wall Street Journal, The Association has just heard the news on the resignation of the Department of Education’s Chief Strategy and Transformation Officer.

Following his resignation announcement he said “the system is broken‘.  One needs to look at the other side of the coin.  If the person resigned from his post after taking the helm for two years then the question is why did he resign now, if he knows the system is broken at the first place?

His role to add the burdens to the loan borrowers is noticeable.  By resigning, it does not make everything turns to white again.  In fact, as the DOE Chief strategy, he played important role to delay the implementation of student loan forgiveness policy.

Interestingly, now he supports what the candidates’ for the 2020 big dance have proposed on handling the loan debt.  Is this a coincidence?  Or it is because he just aims for a possible future position when one of the candidates get elected?

It does not take Einstein’s brain to understand that the system is broken many years ago.  Researching and analyze past data, the Association has shared the conclusion that shows clearly systematic errors and moral hazard are the culprits of the whole mess.

Toward the end, it is the sanity that rules, not otherwise.

Many years and many months ago, the Association has voiced that the student loan debt has burdened majority families and young Americans.   AAEA has also ranked the candidates who might be able to ease the burdens, based on their campaign platform.  Needless to say that the latest voters’ preference in Iowa is indeed leaning toward what has been ranked and hypothesized by the Association.  If the Iowa’s sentiments are the representation of the American voters’ logical choice, then America has a clear winner in the 2020 big dance, even before November 3rd.  Only one condition that needs to be fulfilled to make this result to happen.  This condition required that the American voters act rationally, instead of irrationally.  The latest pool results in Iowa show a very interesting voters’ preference toward the candidate which happens to be the strongest supporter for easing the student loan debts in the US.  While the race is still along way toward the finishing line, this pool shows that most voters are leaning toward a candidate who will lift up the student loan debt from every household, family and student loan borrowers’ shoulder in the US which is estimated to be around 64.5 million months ago.  This number will grow bigger every second, not just because more young Americans and their families are getting trapped in the quicksand.  Rather,  a great number of them are more fully informed which then will help them to make a rational choice, instead of irrational or emotional.

Based on data and analytics approach, the Association is the first organization that has shared its studies publicly to the American public on the root of the student loan problems and the reason why this damaging process of wealth transfer from the young American, their families and working class to the other parties needs to be discontinued.  Otherwise, Uncle Sam will face serious negative economic impacts in the near future.  It is not about a dichotomy between the red and the blue, the have and have not, or the working class and the financial institutions or Wall street and the Main street or capitalism and socialism or any other dichotomies that political analysts apply to differentiate the voters.  Rather it is about rational choice.  It is about logic directed toward eliminating all that does not fit the common sense.  However, the beneficiaries of the current system will and have tried to keep their position using any strategies, means, resources and ways available to them.

The financial burdens of young Americans that have caused by student loan debt have been designed purposely through systematic errors planted by many parties and interest groups, which in no way can be fixed in the nearly term or ever.  Recent studies show that there are many conflict of interests, even among members of the legislative branch.  These folks supposed to work toward their constituents’ interests.  Unfortunately, over time, they are more interested in their own or the lobbyists’ or the big campaign contributors’ interests.  Really sad.  But now, all families in the US, and all student loan borrowers have a great chance to reverse the course and to make a logical decision by casting their ballots to the advocate of student loan total debt bail-out.  Even to unseat those folks in the legislative branch that do not represent their (voters’ or constituents’) interest.

Though there is no time-limit for student borrowers to pay their student loans, it is however has created more problems to many.  There are no studies on average years are required to pay the loans.  However, according to the fed law, the loans will be forgiven around 20 years.

Plus and minus the standard deviation, the average student loan (undergrad) borrowers have to labored about 20 years to repay their loans.  If a person graduate from a college at the age of 22, then she or he will finish repaying the loans at around 42 years old.

The important question is this:  will it be good strategies for all the borrowers to pay the minimum amount and wait until the loans mature in 20 years when it got forgiven? May be or may be not because the forgiven amount is subject to income tax!

Happy Labor Day!

Recently several articles in the media reported that it is getting more difficult to get the student loan forgiveness.

The American public needs to be thankful for the current administrator has helped the voters to make up their mind regarding in the 2020 election.  Stark differences have helped to erase the gray areas.

All the suffering will soon be over, but two conditions have to be met.

1. Participated in the 2020 election process and
2. Make the right choice.

It is not about bailing out someone’s financial mistakes.  It is not even about blue or red dichotomy.  Rather, it is all about making a rational choice and stop the unfair wealth transfers.  Perhaps, there are lemons in the borrowers population group.  However, there are also good apples and oranges, which may be the largest group in the whole population.  Evidences have shown that some of the borrowers will never be able to pay-off their loans, ever and will bring along their loan to their grave.  Sad!

Hang in there buddies and remember the date.  Unless it will be changed, the date is November 3, 2020—15 months from today.