Preston Cooper
@PrestonCooper93
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Higher ed, student loans, college ROI. @AEI senior fellow. @Forbes contributor. Hiker, diver, dog appreciator. Usual disclaimers.
Washington, DC
Joined July 2011
Good morning! I’m so excited to share an update to FREOPP’s analysis of college return on investment (ROI). We calculate the financial value of 53,000 college degrees & certificates, which can help students and other stakeholders better navigate the college decision.
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The NIH reforms amount to about $4 billion saved per year. Colleges and universities had total revenues of $709 billion in 2021-22. The violin just keeps getting smaller.
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Source BTW, the EU policy was controversial when announced as well. But it seems to have stuck.
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Yes. The contention isn’t that indirect costs NEVER include important things. But the indirect cost rates currently charged are absurd and feed bloat (Jay’s paper has plenty of evidence this is the case).
It is both true that the NAS and NIH fund lots of important research at universities AND the overhead universities charge those grants is absurd. Remember, the growth in university cost in the last decades is mainly administrative. Partly because they’ve been milking grants to feed admin bloat.
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This guy had 80+ unpaid tickets and $32k in traffic fines which DC didn’t enforce. Then he runs over a 12yo girl and gets a slap on the wrist. I grew up in DC and I love this city. But I don’t want to raise my kids here.
To close the loop on this: Today Curtis pleaded guilty to one count of reckless driving, and was sentenced to 90 days in jail with all but six suspended, to be served on weekends. Also: $50 fine, needs to complete a traffic safety program, can't drive without license.
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@WillFlandersWI Yep, the forbearances (around 9 million) are mostly SAVE borrowers. Beyond the fiscal impact, it concerns me that we have so many borrowers used to $0 payments who will have to be transitioned back into repayment at some point.
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Jessica is everything a great policy wonk should be. I haven’t met her in person, but I’ve admired her work for years. You should all be following her!
Quick update: my name has changed from Brian Riedl to Jessica Riedl. Fear not, my focus on rapid-response (center-right) economic policy and cool budget charts won’t change. Link below will be my only comment and explanation on this. Back to policy!
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RT @AEIeducation: High Costs, Uneven Value: Repairing The Federal Role in Postsecondary Education Read from @PrestonCooper93's testimony y…
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RT @senatorshoshana: LOOK AT MY SON!! @PrestonCooper93 talking about financial ROI of degrees before @EdWorkforceCmte
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@RepBurgessOwens @nickineily @JNelsonLDF @JohnnyCTaylorJr @EdWorkforceCmte Thank you, Congressman Owens. It’s an honor to be invited to testify.
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RT @RepBurgessOwens: Looking forward to welcoming @nickineily, Dr. @PrestonCooper93, @JNelsonLDF, and @JohnnyCTaylorJr to our first full @E…
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RT @AEIeducation: Tune in at 10:15am tomorrow to hear Senior Fellow @PrestonCooper93 testify on the state of American education.
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