Marian Wang: The professor-turned-lawmaker talks about why people should care and what Congress should be doing to help ease the burden on borrowers.
Marian Wang: Proponents generally argue that more autonomy allows public universities to operate with less red tape and with greater freedom to raise revenue as state funding has fallen.
Marian Wang: Shauniqua Epps was accepted to three public colleges, but none gave her any aid. Increasingly, public universities have been shifting their aid away from the poor, leaving students like Epps with few options.
Marian Wang: The government should make the funding for the Pell program an entitlement in the federal budget, shielding it from annual wrangling, and should boost the maximum amount of individual grants, the report says.
Marian Wang: Some banks and lenders played fast and loose with student loans, aggressively marketing them to borrowers who couldn’t afford that amount of debt
Marian Wang: The Department of Education has been transferring large batches of federal student loans to new loan-servicing companies — leaving in the lurch some borrowers who are suddenly encountering problems with their loans.
Marian Wang: Senate Minority Leader Mitch McConnell has pledged to block the confirmation of three uncontroversial nominees for key banking regulator positions.
Marian Wang: According to a now-departed Justice Department official who used to be in charge of investigating such matters, the Justice Department has decided that holding top Wall Street executives criminally accountable is too difficult a task.
Marian Wang: Pfizer is adding yet another twist to its efforts to delay generic competitors. As The New York Times reports, the company seems to have struck a deal with certain pharmacy benefit managers to block generic versions of Lipitor.
Marian Wang: For months, comedian Stephen Colbert has been taking his satire to the field of campaign finance, highlighting how little-known groups can raise and spend unlimited — and sometimes undisclosed — funds on election ads.
Marian Wang: But separate from the jobs created to actually handle new regulation, others have pointed out that regulations can have a long-term, positive effect on overall economic growth by preventing the types of crises that put an industry on life-support.
Marian Wang: More than 700 doctors in California sanctioned for wrongdoing by hospitals and other health care organizations haven’t faced any disciplinary action from the California medical board.
Marian Wang: Even supporters of the Libya intervention have complained that the administration is flouting the law.