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...Given the obvious merits of such programs, similar models should be instituted at undergraduate institutions. Elite colleges with large endowments have already taken measures to address the problem of student debt by moving from student loans to student grants in 1998—an initiative led by Princeton. Consequently, Princeton and Harvard, as two of the few need-blind institutions, no longer have many students graduating with large debts. However, student loans are the only form of financial aid available for hundreds of other American colleges, where students continue to graduate with an exorbitant amount of debt. In fact, between...

Author: By Katherine C Harris | Title: Shutting the Money Trap | 5/12/2008 | See Source »

...Beyond the obvious benefits to students, such an initiative would benefit the public service and nonprofit employers, including, of course, the US government. According to a New York Times article from 2006, the United States will need to recruit two million new teachers in the next few years to fill our growing classrooms. With this challenge in mind, in 2004, Congress attempted to institute “debt forgiveness on new student loans to help recruit more math, science and special ed teachers to underserved areas.” Similarly, a number of states—like New York?...

Author: By Katherine C Harris | Title: Shutting the Money Trap | 5/12/2008 | See Source »

These stories have two things in common. One, they take place in L.A. Two, they are all clichs. Frey has less fear of clich, or of sentimentality, or of stating the obvious, than almost any other writer I have ever read. He literally writes as if he personally discovered that show-biz people are fake, homeless people can have hearts of gold, love can bridge any divide, and people go to L.A. to watch their dreams...

Author: /time Magazine | Title: The New James Frey: A Review | 5/8/2008 | See Source »

...most obvious way to save gas is simply to drive less. For some, that means changing the destination. Doug and Cheryl Ludwig of Frederick, Md., recently canceled an 18,000-mile trip to Alaska that they had been planning to take in their recreational vehicle, which gets just 10 m.p.g. Instead, they'll be heading to Amish country in nearby Pennsylvania. Other families ditch the car once they've arrived. Brad Smith of Portland, Ore., is taking his two kids, ages 7 and 8, on a three-day bike ride along the southern Oregon coast sponsored by a nonprofit group...

Author: /time Magazine | Title: How to Take a Gas Holiday | 5/8/2008 | See Source »

...that to happen, however, Hillary Clinton will have to step out of the race. When that might happen, and what it would look like, remains the great unknown of the Democratic race. On the one hand, the path offstage seems obvious. On the heels of Tuesday's disappointing results, Clinton's advisers acknowledged that she has been forced to loan her campaign an additional $6.4 million in order to stay afloat. One of her key supporters, Senator George McGovern, announced on Wednesday that he is shifting his backing to Obama...

Author: /time Magazine | Title: Clinton's Faltering Case for Staying In | 5/7/2008 | See Source »

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