{"id":461278,"date":"2022-06-11T19:00:00","date_gmt":"2022-06-11T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-technology-is-the-solution-to-the-student-debt-dilemma\/"},"modified":"2022-06-11T19:00:00","modified_gmt":"2022-06-11T16:00:00","slug":"why-technology-is-the-solution-to-the-student-debt-dilemma","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-technology-is-the-solution-to-the-student-debt-dilemma\/","title":{"rendered":"#Why technology is the solution to the student-debt dilemma"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2f1d263aeed\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2f1d263aeed\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-technology-is-the-solution-to-the-student-debt-dilemma\/#%E2%80%9CWhy_technology_is_the_solution_to_the_student-debt_dilemma%E2%80%9D\" >&#8220;Why technology is the solution to the student-debt dilemma&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhy_technology_is_the_solution_to_the_student-debt_dilemma%E2%80%9D\"><\/span>&#8220;Why technology is the solution to the student-debt dilemma&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>No sooner had the White House announced its latest student loan debt forgiveness initiative late last month than critics and supporters began to weigh in. Some argued that saddling Americans with a whopping <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/05\/06\/this-is-how-student-loan-debt-became-a-1point7-trillion-crisis.html\">$1.7 trillion in student debt<\/a> has made it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cfr.org\/backgrounder\/rising-student-debt-harming-us-economy\">impossible<\/a> for many to buy homes, start families and help the economy grow. Others <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/prestoncooper2\/2020\/11\/17\/the-case-against-student-loan-forgiveness\/?sh=3cf83c3a464c\">retorted<\/a> that a loan\u2019s a loan, and that the government shouldn\u2019t be in the business of bailing\u00a0out adults who made commitments they understood fully well<strong>.<\/strong>\u00a0There is no doubt student debtors need help: Nearly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fortune.com\/2022\/04\/28\/1-in-3-us-students-dont-think-theyll-ever-pay-off-their-debt\/\">one in three<\/a> current students already think they will never pay off their loans, and unlike other types of debt, student loans <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/adamminsky\/2021\/10\/28\/big-changes-to-student-loan-bankruptcy-rules-may-be-coming---but-questions-remain\/?sh=29395b4656eb\">cannot be forgiven<\/a> by bankruptcy<strong>,<\/strong> which means they\u2019ll likely last forever.\u00a0<\/p>\n<p>While there may be a place for some form of debt relief, it\u2019s not a long-term solution. If you really want to fix student debt you have to fix college. How? By lowering costs, offering more coursework the job market actually needs and drastically improving outcomes. Students need to earn degrees faster and personalize learning to meet both their academic and professional goals. Traditional one-size-fits-all curricula are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/employedhistorian.com\/cant-find-job-after-college\/\">no longer relevant<\/a> in this\u00a0economy \u2014 and the employability numbers bear that out.\u00a0<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/president-biden-1.jpg?w=1024\" alt=\"Biden\" class=\"wp-image-22589739\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/president-biden-1.jpg?quality=75&amp;strip=all&amp;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/president-biden-1.jpg?quality=75&amp;strip=all&amp;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/president-biden-1.jpg?quality=75&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/president-biden-1.jpg?quality=75&amp;strip=all&amp;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/president-biden-1.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\"\/><figcaption>Pres. Biden repeatedly paused student loan repayments during the pandemic. With payments set to begin again, industry observers are already predicting a wave of delinquencies \u2014 and the potential for total debt reaching <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/05\/06\/this-is-how-student-loan-debt-became-a-1point7-trillion-crisis.html\">$3 trillion by 2035<\/a>.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>Two statistics illustrate the state of our current higher education sector. According to the National Center for Education, the cost of attending college <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/11\/02\/the-gap-in-college-costs-and-earnings-for-young-workers-since-1980.html#:~:text=According%20to%20the%20researchers'%20analysis,have%20increased%20by%20just%2019%25\">increased<\/a> by a whopping 169% between 1980 and 2020, while earnings of Americans aged 22 to 27 rose by a far more modest 19%. For most Americans, that meant taking on debt\u2014 and often graduating without the skills required to pay it back. Which brings us to the second stat: last year, in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cengagegroup.com\/news\/press-releases\/2021\/new-cengage-report-finds-recent-college-graduates-feel-underqualified-to-enter-the-workforce\/\">survey<\/a> of recent graduates of two- and four-year colleges, 21 percent said their colleges didn\u2019t provide them with the right job skills, and 38 percent said they occasionally or rarely used the skills they learned. Half didn\u2019t <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly to entry-level jobs because they felt underqualified.<\/p>\n<p>Put simply, colleges are charging far more than the employment outcomes they\u2019re likely to produce.\u00a0And this isn\u2019t even accounting for the 38 percent of college students who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/educationdata.org\/college-dropout-rates#:~:text=General%20Statistics&amp;text=more%20educated%20peers.-,In%20the%20United%20States%2C%20the%20overall%20dropout%20rate%20for%20undergraduate,28%20countries%20in%20OECD%20studies.\">won\u2019t graduate<\/a>, often stuck with debt but no degree. Education used to be the great equalizer; for it to be once again, we need to demand that colleges demonstrate a clear return on the investment.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg?w=1024\" alt=\"Student loan borrowers gather near The White House to tell President Biden to cancel student debt.\" class=\"wp-image-22589743\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-loan-protest.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Protestors demanding student debt is wiped out. Total debt now totals some $1.7 trillion, a figure many say has made it harder for graduates to buy homes and start families. <\/figcaption><figcaption><span class=\"credit\">Paul Morigi\/Getty Images for We, The 45 Million<\/span><\/figcaption><\/figure>\n<p>To do this we must embrace <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> \u2014 to not just bring down college costs, but to ensure that what we teach results in actual job market success.\u00a0There is a model for this. During the global COVID-19 pandemic, colleges around the world developed online or hybrid academic experiences that delivered, at the very least, basic educational necessities while ensuring their students stayed connected and informed.\u00a0As more than a decade\u2019s worth of data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/files.eric.ed.gov\/fulltext\/EJ1296879.pdf\">confirms<\/a>, digital learning works because it allows <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nces.ed.gov\/pubs2017\/2017098\/index.asp\">greater access<\/a> to academic resources at far lower costs, and with increased personalization. <\/p>\n<p>Today, a majority of students \u2013 who on average are aged <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/story\/this-is-what-todays-college-students-really-look-like-2017-08-16\">25 or older<\/a>, already employed, typically female and often parents \u2013 have to trade off between learning and earning. Online and hybrid models offer the flexibility many students need to juggle education, work, and family life. A recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.apa.org\/monitor\/2021\/09\/cover-remote-learning\">survey<\/a> conducted by the American Psychological Association confirms this; most respondents said they valued not only the flexibility of digital learning, but also its diverse range of resources and learning method.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg?w=1024\" alt=\"Abigail Previlon, 13, takes part in remote distance learning with her deaf education teacher Diane Gamse.\" class=\"wp-image-22589750\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/distance-learning.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Education experts say one way to combat the student debt crisis is to arm graduates with skills that will secure them higher-paying jobs. Technology like tele-learning could help make this both accessible and achievable.<\/figcaption><figcaption><span class=\"credit\">John Moore\/Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg?w=1024\" alt=\"The reality of college tuition debt was on display at the Northeastern University graduation.\" class=\"wp-image-22589754\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/northeastern-graduates.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Graduates at Northwestern University bemoaning their student debt loads. The rise of digital learning \u2014 particularly during the pandemic \u2014 has offered students more flexible learning opportunities.<\/figcaption><figcaption><span class=\"credit\">Suzanne Kreiter\/The Boston Globe via Getty Images<\/span><\/figcaption><\/figure>\n<p>But if the \u2018how\u2019 is one question, the \u2018what\u2019 is another \u2014 and that \u2018what\u2019 is more real-world skills. Surveys overwhelmingly suggest that the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/news\/grade-point\/wp\/2018\/09\/01\/college-students-say-they-want-a-degree-for-a-job-are-they-getting-what-they-want\/\">number one reason<\/a> students go to college is to get a good job. College degrees would be far more meaningful if grads could compete in an economy that\u2019s increasingly global and highly\u00a0digital. This doesn\u2019t mean every college should become a\u00a0coding boot camp. Rather, they need to reinforce digital-first training such as remote collaboration, multi-source research and real-time project evaluation.\u00a0<\/p>\n<p>More and more, we see that employers are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/04\/25\/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html\">valuing college degrees less and less<\/a>. We need to change that by allowing young Americans to personalize education to gain the skills that will forge actual careers. Otherwise, we\u2019re simply dooming them to high college costs for an education many students might not actually use and cannot repay.<\/p>\n<p>The richest, greatest country in the world needs more than just debt forgiveness; it needs a new deal for students to ensure we can continue to compete.<\/p>\n<p><em>Dan Rosensweig\u00a0is\u00a0CEO of educational technology\u00a0company Chegg<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/11\/why-technology-is-the-solution-to-the-student-debt-dilemma\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Why technology is the solution to the student-debt dilemma&#8221; No sooner had the White House announced its latest student loan debt forgiveness initiative late last month than critics and supporters began to weigh in. Some argued that saddling Americans with a whopping $1.7 trillion in student debt has made it impossible for many to buy&#8230;<\/p>\n","protected":false},"author":1,"featured_media":461279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/student-debt-protest.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130222,67890,72134,47020],"class_list":["post-461278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-11-22","tag-college","tag-debt","tag-students"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/461278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=461278"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/461278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/461279"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=461278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=461278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=461278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}