Wednesday, May 21, 2014

#886 (5/21) "Making College Affordable" ;"Class of 2014 Graduates with Highest Student Loan Debt Ever Recorded"

The Bulletin Board:(Please SCROLL DOWN this page to find the article titled on this post in LARGE CAPITAL LETTERS. Thank you.)

PRAY FOR AMERICA:  THANK GOD for His many blessings on America throughout it's history. May we then ask that AMERICA once again be a blessing TO GOD, by once again submitting to HIS will in our affairs - both personal and national - that He may truly "heal our land." (2 Chron. 7:14)

SIGN A PETITION TO THE UN FOR THE PROTECTION OF CHRISTIANS :" The church in Syria has shone brightly for 2,000 years. But today violence and persecution threatens its survival. Thanks to an incredible response, Open Doors is helping 8,000 families in Syria survive each month. We believe the signatures and prayers of 500,000 people will encourage the UN to act and protect the rights and lives of all Syrians, especially the vulnerable Christian community." Go to: http://lp.opendoorsusa.org/emails/nov-13-action/save-syria.html?utm_source=action&utm_medium=email&utm_content=button&utm_campaign=november

WORLD-WDE PRAYER REQUESTS:

April 22 - LATEST SAHEED NEWS! "Saeed Sends Easter Message from Hospital Bed" - CBNNews.com, ; http://www.cbn.com/cbnnews/world/2014/April/Saeed-Sends-Easter-Message-from-Hospital-Bed/  "Sometimes we want to experience the glory and resurrection with Jesus without experiencing death with Him," Abedini wrote. "We do not realize that unless we pass through the path of death with Christ, we are not able to experience resurrection with Christ."Abedini signed the message from a "prisoner of darkness in Iran, but free for the kingdom and light."
We need to continue to pray for Pastor Saeed - that his health will improve and that he will be re-united with his wife and two young children who live in the United States. We also remain hopeful that in addition to getting the medical care he so desperately needs, that Iranian officials display the kind of humanitarian treatment that often accompanies the start of the Iranian New Year which began on March 21st. This is the time of year when the Iranian government frequently offers clemency to prisoners of conscience. [If you have not yet, please sign the petition for his clemency- http://beheardproject.com/saeed#sign]
PRAY ALSO : - For comfort and peace for Saeed’s wife and children here in the U.S.\
- For a strong witness and testimony from Pastor Abedini in the prison where God has placed him
- For Christians around the world who are being persecuted for their faith in Christ
- For leadership from the White House and State Department in defending the freedoms of Abedini and other Americans
- GO TO SaveSaeed.org to sign a petition over 600,000 others asking for his immediate release

LATEST NEWS /PRAYER ALERT"100,000 Russian Troops at Ukraine Border, Could Invade ’At a Moment’s Notice’" - 3/28/2014;http://www.presidentialprayerteam.com/Prayerwatch?pw=3716
The U.S. State Department believes the Russian army is now prepared to launch an invasion of eastern Ukraine if President Vladimir Putin decides to pull the trigger, according to a senior Administration official."At this point, they are amassed and they could go at a moment’s notice if Putin gave the go ahead," the official said...Top Ukrainian security officials said Thursday that Russia now has 100,000 troops on its side of the Russia-Ukraine border.(Sources: CBS News, Washington Post, Huffington Post, Daily Beast) 
As the Lord leads, please pray
*For God to suppress President Putin’s ambitions to "restore" the Soviet empire.
*For the people of Ukrainen [esp. for the church 'to be THE church']  as they wait to see if the Russian troops will advance.
*About President Obama and  to use wisdom in crafting our  foreign policy, and wisdom for his advisers.

NEWS/PRAYER ALERT!"Kim Jong-un Calls for Execution of 33 Christians" - 3/7/2014; http://www.presidentialprayerteam.com/Prayerwatch?pw=3651 "North Korea tyrant Kim Jong-un has reportedly ordered that 33 Christians believed to be working alongside South Korean Baptist missionary Kim Jung-wook be put to death. The South Korean missionary - who was arrested last year - and his accomplices have reportedly started 500 or so underground churches..."[PRAY that the plans for execution would be rescinded, and these believers released.] [Che\ck out: They'll Be Dead By Morning (What Difference Will It Make) http://loristanleyroeleveld.blogspot.com/2014/03/theyll-be-dead-by-morning-what.html
NEWS ALERT/PRAISE! "Iran Allows Surgery on Ailing, Imprisoned Pastor" - CBNNews.com,March 07, 2014;http://www.cbn.com/cbnnews/world/2014/March/Iran-Allows-Dire-Surgery-on-Ailing-Imprisoned-Pastor-/ The Iranian government has finally allowed doctors to perform surgery on imprisoned Pastor Benham Irani.Irani suffered from a herniated disc and bleeding intestines and urgently needed medical care. PRAY for the final release of Pastor Irani and others imprisoned for their faith.

Oct. 23: "Christians Fleeing IRAQ Area Once Considered Safe," - CBNNews.com, http://www.cbn.com/cbnnews/world/2013/October/Christians-Fleeing-Iraq-Area-Once-Considered-Safe/ PRAY that believers in Iraq will know God's protection and provision; that believers will know[ whether they are called to flee or remain and persevere; and that their persecutors  may come to hear the gospel and come to faith in Christ. - Stan] 

Continue to Pray for EGYPT Continue to pray for the tense situation in Egypt and especially for the Christian believers who are being targeted with violence by Muslim Brotherhood members.]  
Update on Kenneth Bae: "US Ready to Bargain with N. Korea for Bae's Release,"-  CBNNews.com,  Aug 14, 2013  http://www.cbn.com/cbnnews/world/2013/August/S-Ready-to-Bargain-with-N-Korea-for-Baes-Release/  - PRAY for 1) God's healing of and presence with Pastor Bae, 2) His earliest release by the North Korean government, and 3) God's comfort for his family and friends.] 

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"Making College Affordable" 
- Mona Charen | May 16, 2014; http://townhall.com/columnists/monacharen/2014/05/16/making-college-affordable-n1838775/page/full

There's a debate among economists about why a college degree is worth so much. That the credential is valuable is not in doubt. According to the Pew Research Center, college graduates earn about $17,500 more annually than high school grads. Why?

The "human capital" school believes that students learn valuable skills in college that employers are willing to pay for. The "signaling" school doubts that the content of a college education is really that marketable. They argue that employers are interested in the traits -- diligence, intelligence, self-control -- that a degree reflects.

For decades, politicians have bought votes with promises to make college "more affordable." They passed legislation with names like the "College Cost Reduction and Access Act" and the "Ensuring Continued Access to Student Loans Act." There are Pell Grants and Stafford Loans, and much more besides.Shockingly, colleges and universities have increased their prices more than any other sector of the economy except health care, which is also -- surprise! -- highly subsidized. As Anya Kamenetz writes in "$1 Trillion and Rising," a report for Third Way: "Since 1978, the cost of college tuition has increased faster than the consumer price index in every single year. That's not true for any other item in the basket of consumer goods."

Student loan debt now exceeds all other consumer debt except mortgages. Default rates have reached a 20-year high, with as many as one in six borrowers failing to repay his or her loans. Taxpayers pick up the tab. Just since 2007, the average debt has increased by 43 percent to $26,000. The overhang of student debt is slowing the economy, some argue, as debtors put off purchases of cars, homes and other goods in order to service student loans. For the 30 percent of debtors who don't graduate, the added debt carries no offsetting reward in higher wages.

What have colleges been spending all of that extra money on? Between 2001 and 2011, according to The Wall Street Journal, the number of college and university administrators grew 50 percent faster than the number of instructors. Presidents of public research universities earned a median income of $441,392 in 2012.

Facilities at many colleges have become country-club lavish, with hot tubs, climbing walls, lazy rivers, movie theaters, sushi bars and single rooms with attached bathrooms. Universities across the country have been on a building spree. Dubbed the "edifice complex" by Richard K. Vedder, who studies college spending, much of it has been financed by debt.

Though both Republicans and Democrats have participated in the political pandering that created the higher-education bubble, Democrats have less room to maneuver in seeking reform. As with K-12 education, the universities that profit from current arrangements are the Democratic Party's constituents. President Barack Obama's approach has been to forgive outright the debt of students who work for the government, thereby increasing the burden on taxpayers (most of whom did not attend college).

The sky-high cost of college is a worry for many middle-class families. (Have you seen the financial advisers' ads targeting parents of newborns?) Republicans are likely to have the reform field to themselves for a while. Mitch Daniels, who taught the Republican Party valuable lessons in management as a successful and highly popular two-term governor of Indiana, is now doing the same for academia as president of Purdue University. For the third year in a row, Purdue has frozen tuition rates. President Daniels (I know, it has a nice ring to it, but let that go) explained how he did it. As USA Today explained, "There was no secret sauce, just a little sensible pruning that would be ordinary in the business world but seems alien in much of academia, where a steady flow of federal aid guarantees a steady flow of students at seemingly any price." Purdue consolidated some of its administrative positions. It chose a higher-deductible health care plan. It cut food service costs by switching providers and hiring part-time students to do work formerly performed by full-time employees. It short, it acted as if cared about consumer, i.e., student satisfaction.

Republican governors of Texas, Wisconsin and Florida have called for $10,000 degrees at their public universities. Not $10,000 per year, but $10,000 total, which would return college, inflation-adjusted, to what it cost in the 1970s.

Kamenetz urges that a combination of online courses, fewer nonacademic perks, cutting administrative bloat and focusing on graduation, not just enrollment rates, would make college what it should be -- a boon for the poor and middle class. The current system, which burdens taxpayers, graduates and -- most painfully -- dropouts, with massive debt is uneconomic, unjust and unsustainable.

  Mona Charen is a syndicated columnist, political analyst and author of Do-Gooders: How Liberals Hurt Those They Claim to Help .

"Class of 2014 Graduates with Highest Student Loan Debt Ever Recorded" - Sarah Jean Seman | May 16, 2014; http://townhall.com/tipsheet/sarahjeanseman/2014/05/16/2014-graduates-top-charts-with-highest-student-loan-debt-n1839298?utm_source=thdaily&utm_medium=email&utm_campaign=nl

College graduates this year face an average student loan debt of more than $30,000 dollars — the highest amount yet recorded. This burden grows larger each year creating a dangerous trajectory for the future of higher education. There is additionally an inverse relationship between the cost of college and the salary of college graduates, the Wall Street Journal reports:...

 The problem developing is that earnings and debt aren’t moving in the same direction. From 2005 to 2012, average student loan debt has jumped 35%, adjusting for inflation, while the median salary has actually dropped by 2.2%. If that continues debt burdens could start to become more unwieldy.


Almost 70 percent of a 25-year-old’s debt is consumed by student loans, according to Liberty Street Economics. This is making it difficult for college graduates to engage in post-school economic activities, such as buying a home.

In today’s economy, college loans are being decreasingly seen as “good debt,” and increasingly acknowledged as toxic, writes Glenn Reynolds in his “The New School.” He suggests the best result could be the burst of tradition higher education for more learning intensive and economically sound options such as online degrees or trade schools.

 “Bubbles form when too many people expect values to go up forever. Bubbles burst when there are no longer enough excessively optimistic and ignorant folks to fuel them. And there are signs that this is beginning to happen already where education is concerned.”

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