Testimony before the Senate Committee on Health, Education, Labor, and Pensions Risk-Sharing Policies and Higher Education May 20, 2015

نویسنده

  • Douglas A. Webber
چکیده

Chairman Alexander, Ranking Member Murray, and distinguished members of the Committee, thank you for inviting me to this important hearing. As a researcher who strives to do policy relevant work in the area of higher education, this is truly an honor. My name is Doug Webber, and I am currently an assistant professor in the Department of Economics at Temple University and a Research Fellow at the Institute for the Study of Labor. My main areas of research are the economics of higher education and labor economics. I have Bachelor’s degrees in Economics and Mathematics from the University of Florida, and Masters and Ph.D. degrees from Cornell University. During my last two years of graduate study, I also worked as an Economist at the U.S. Census Bureau’s Center for Economic Studies. National student loan debt currently tops $1.3 trillion, the vast majority of which is backed by the federal government. At a macroeconomic level, student loan debt has been compared to the housing bubble of last decade. At a microeconomic level, many individuals are burdened by debt, which has been shown to negatively impact many measures of well-being in addition to the clear strain on financial security. It is thus in the best interest of students and the economy as a whole for the committee to adopt the reforms discussed in the various hearings on the reauthorization of the Higher Education Act.

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تاریخ انتشار 2016