Sunday, April 22, 2012

TRIBECA FLASHPOINT ACADEMY CEO HOWARD A. TULLMAN JOINS PANEL IN WASHINGTON DC ON STUDENT LENDING


Risks of a Single Payer System: Why Universities Should Support Vibrant Private Education Finance Markets

With the end of FFELP and reductions in state government support of higher education, we are moving toward a single-payer system for higher education. At many schools, both private and public, nearly all funds, whether research grants, need-based grants, need-based loans, Stafford Loans, PLUS Loans, or veterans’ benefits, come from and through the federal government. Such a system is riskier for schools and students than one with diversified funding sources. Case in point: President Obama, in his state of the union speech, proposed to withhold federal funds from schools with impermissible tuition hikes or high costs of attendance, as a means of addressing the unsustainable cost of college for many students. Perhaps some colleges should charge less tuition, but government price controls would probably only hurt students and schools.
Moderator:

Tonio D. DeSorrento, Associate,
ORRICK, HERRINGTON & SUTCLIFFE LLP
Panelists:



Thomas Graf, Executive Director,
MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY (MEFA)
   




Jason Delisle, Director, Federal Education Budget Project, NEW AMERICA FOUNDATION




Howard A. Tullman, President & CEO,
TRIBECA FLASHPOINT MEDIA ARTS ACADEMY