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	<title>Comments for NEW ENGLAND BOARD OF HIGHER EDUCATION</title>
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	<link>http://www.nebhe.org</link>
	<description>NEBHE</description>
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		<title>Comment on Alignment Job: Community Colleges and Workforce Development by John Zinkowski--BPS</title>
		<link>http://www.nebhe.org/thejournal/alignment-job-community-colleges-and-workforce-development/comment-page-1/#comment-63859</link>
		<dc:creator>John Zinkowski--BPS</dc:creator>
		<pubDate>Wed, 01 Feb 2012 16:44:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=12028#comment-63859</guid>
		<description>Just wanted to say thanks for your job alignment article.  Balancing workforce development expectations with lifelong learning expectations shouldn&#039;t be as difficult as it seems to be.  Both can be achieved at community colleges. The focus on the first step—whether that&#039;s a one-year certificate, a two-year industry aligned and supported academic program or a single course to enhance current workplace skills—is the soul of community college. The complementary status enhancement goes far beyond financial gain for the individual.  It&#039;s a meaning-making process that, once kick-started, doesn&#039;t allow a student to retreat to the former status quo.
     It&#039;s about hope.  Thanks for your positive perspective.
     John Z</description>
		<content:encoded><![CDATA[<p>Just wanted to say thanks for your job alignment article.  Balancing workforce development expectations with lifelong learning expectations shouldn't be as difficult as it seems to be.  Both can be achieved at community colleges. The focus on the first step—whether that's a one-year certificate, a two-year industry aligned and supported academic program or a single course to enhance current workplace skills—is the soul of community college. The complementary status enhancement goes far beyond financial gain for the individual.  It's a meaning-making process that, once kick-started, doesn't allow a student to retreat to the former status quo.<br />
     It's about hope.  Thanks for your positive perspective.<br />
     John Z</p>
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		<title>Comment on Bootstraps: Federal Trio Programs, if Funded, Could Help Close Income Gap by Pat Ross</title>
		<link>http://www.nebhe.org/thejournal/bootstraps-federal-trio-programs-if-funded-could-help-close-income-gap/comment-page-1/#comment-51326</link>
		<dc:creator>Pat Ross</dc:creator>
		<pubDate>Mon, 05 Dec 2011 22:27:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=10288#comment-51326</guid>
		<description>Karen, I was the first woman in my immediate and extended family to attend college too. I worked paying by the semester and using student loans once I started my bachelors program. 

It took me ten years to complete an Associate of Arts in Liberal Arts and a Bachelor of Arts in Geology in that fashion. 

The student loans I took out have been repaid without government assistance. 

I too experience a high degree of satisfaction and yes, self esteem in my achievement which is the byproduct of taking education or any other task to fruition.</description>
		<content:encoded><![CDATA[<p>Karen, I was the first woman in my immediate and extended family to attend college too. I worked paying by the semester and using student loans once I started my bachelors program. </p>
<p>It took me ten years to complete an Associate of Arts in Liberal Arts and a Bachelor of Arts in Geology in that fashion. </p>
<p>The student loans I took out have been repaid without government assistance. </p>
<p>I too experience a high degree of satisfaction and yes, self esteem in my achievement which is the byproduct of taking education or any other task to fruition.</p>
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		<title>Comment on Projecting Project Management’s Future Within the Academic Landscape by Vijay Kanabar</title>
		<link>http://www.nebhe.org/thejournal/projecting-project-management%e2%80%99s-future-within-the-academic-landscape/comment-page-1/#comment-50336</link>
		<dc:creator>Vijay Kanabar</dc:creator>
		<pubDate>Thu, 01 Dec 2011 13:26:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=11364#comment-50336</guid>
		<description>I don&#039;t see any organization other than PMI dominating the general PM space in North America for the foreseeable future. PMI whether you like it or not, absolutely dominates the bandwidth of project management across all industries here. At a PM research conference in Montreal (IRNOP)last June, it was baffling to watch many discussions circle back to PMBOK or PMI!   Even the GAC marketing material from ESC-Lille/SKEMA administration panders to PMI with the statement that &quot;more than 50% students apparently reported that the PMI affiliation was their reason for choosing SKEMA&quot;. 

This puts even more pressure on higher education to lead the way academically. While being aware we cannot be led by any organization. A good start would be to see greater investment in full time faculty dedicated to teaching, research and curriculum development.  Canada, Europe, and Australia are ahead of the curve here, I hope Dean Halfond&#039;s article leads to a greater recognition and investment in quality project management programs in the USA as well.</description>
		<content:encoded><![CDATA[<p>I don't see any organization other than PMI dominating the general PM space in North America for the foreseeable future. PMI whether you like it or not, absolutely dominates the bandwidth of project management across all industries here. At a PM research conference in Montreal (IRNOP)last June, it was baffling to watch many discussions circle back to PMBOK or PMI!   Even the GAC marketing material from ESC-Lille/SKEMA administration panders to PMI with the statement that "more than 50% students apparently reported that the PMI affiliation was their reason for choosing SKEMA". </p>
<p>This puts even more pressure on higher education to lead the way academically. While being aware we cannot be led by any organization. A good start would be to see greater investment in full time faculty dedicated to teaching, research and curriculum development.  Canada, Europe, and Australia are ahead of the curve here, I hope Dean Halfond's article leads to a greater recognition and investment in quality project management programs in the USA as well.</p>
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		<title>Comment on Projecting Project Management’s Future Within the Academic Landscape by Dr. Paul D. Giammalvo</title>
		<link>http://www.nebhe.org/thejournal/projecting-project-management%e2%80%99s-future-within-the-academic-landscape/comment-page-1/#comment-49905</link>
		<dc:creator>Dr. Paul D. Giammalvo</dc:creator>
		<pubDate>Tue, 29 Nov 2011 13:39:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=11364#comment-49905</guid>
		<description>Dear Dean Halfond,
Just as you described, I got my undergrad degree from WPI in Civil Engineering, majoring in construction project management back in 1974, then my Master&#039;s in Project Management from GWU in 2003 via their distance learning program and then in 2007, received my PhD in Project and Program Management from ESC-Lille, (now SKEMA) also via distance learning mode. I also have 40 years experience in the field, primarily in oil, gas, mining and telecommunications construction.

I wanted to warn you to be careful of the PMI only perspective. Construction Project Management has been a formal career path since the 1940s. This includes undergrad degrees, master&#039;s and PhD&#039;s in construction project management. So &quot;project management&quot; is far from &quot;new&quot; in academia.  

Furthermore, despite PMI&#039;s efforts to capitalize on the growing awareness and popularity, &quot;project management&quot; is a process which uses exactly the same &quot;tools and techniques&quot; we find in general management. The only significant difference is projects, by definition, produce a unique product or service and have a defined stop. Otherwise, as Peter Drucker alluded, &quot;management is management is management&quot;. 

Globally, there are other professional organizations besides PMI, including the International Project Management Association (IPMA) http://www.ipma.ch/Pages/default.aspx based in Europe, which also has a branch in the USA-the American Society for the Advancement of Project Management (asapm)- http://www.asapm.org/;  There is also the Association for the Advancement of Cost Engineering International, http://www.aacei.org/, which, despite the name is a viable competitor to PMI, and then there is the International Council of Systems Engineers (INCOSE) http://www.incose.org/, which, like AACE takes a much more holistic organizational view of project management than does PMI.

Bottom line: PMI is by far the largest, but not necessarily the most highly respected of the organizations representing the practice of project management. And while their PMP (Project Management Professional) certification has become a &lt;em&gt;de facto&lt;/em&gt; license to practice in some sectors, it is, IMPO, a grossly oversold credential. Clearly, the trends are moving away from exam-based certifications in this field and more toward competency-based credentials. I would hope that in the future, you can publish a more balanced perspective so that readers can do their own due diligence and make their own choices about whether &quot;bigger&quot; is really &quot;better.&quot;

Best Regards,
Dr. Paul D. Giammalvo, CDT, CCE, MscPM, MRICS
http://www.build-project-management-competency.com
Jakarta, Indonesia</description>
		<content:encoded><![CDATA[<p>Dear Dean Halfond,<br />
Just as you described, I got my undergrad degree from WPI in Civil Engineering, majoring in construction project management back in 1974, then my Master's in Project Management from GWU in 2003 via their distance learning program and then in 2007, received my PhD in Project and Program Management from ESC-Lille, (now SKEMA) also via distance learning mode. I also have 40 years experience in the field, primarily in oil, gas, mining and telecommunications construction.</p>
<p>I wanted to warn you to be careful of the PMI only perspective. Construction Project Management has been a formal career path since the 1940s. This includes undergrad degrees, master's and PhD's in construction project management. So "project management" is far from "new" in academia.  </p>
<p>Furthermore, despite PMI's efforts to capitalize on the growing awareness and popularity, "project management" is a process which uses exactly the same "tools and techniques" we find in general management. The only significant difference is projects, by definition, produce a unique product or service and have a defined stop. Otherwise, as Peter Drucker alluded, "management is management is management". </p>
<p>Globally, there are other professional organizations besides PMI, including the International Project Management Association (IPMA) <a href="http://www.ipma.ch/Pages/default.aspx" rel="nofollow">http://www.ipma.ch/Pages/default.aspx</a> based in Europe, which also has a branch in the USA-the American Society for the Advancement of Project Management (asapm)- <a href="http://www.asapm.org/" rel="nofollow">http://www.asapm.org/</a>;  There is also the Association for the Advancement of Cost Engineering International, <a href="http://www.aacei.org/" rel="nofollow">http://www.aacei.org/</a>, which, despite the name is a viable competitor to PMI, and then there is the International Council of Systems Engineers (INCOSE) <a href="http://www.incose.org/" rel="nofollow">http://www.incose.org/</a>, which, like AACE takes a much more holistic organizational view of project management than does PMI.</p>
<p>Bottom line: PMI is by far the largest, but not necessarily the most highly respected of the organizations representing the practice of project management. And while their PMP (Project Management Professional) certification has become a <em>de facto</em> license to practice in some sectors, it is, IMPO, a grossly oversold credential. Clearly, the trends are moving away from exam-based certifications in this field and more toward competency-based credentials. I would hope that in the future, you can publish a more balanced perspective so that readers can do their own due diligence and make their own choices about whether "bigger" is really "better."</p>
<p>Best Regards,<br />
Dr. Paul D. Giammalvo, CDT, CCE, MscPM, MRICS<br />
<a href="http://www.build-project-management-competency.com" rel="nofollow">http://www.build-project-management-competency.com</a><br />
Jakarta, Indonesia</p>
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		<title>Comment on Implementing System-Level Graduation Standards by Evangeline Harris Stefanakis</title>
		<link>http://www.nebhe.org/thejournal/a-look-at-implementing-system-level-graduation-standards/comment-page-1/#comment-48216</link>
		<dc:creator>Evangeline Harris Stefanakis</dc:creator>
		<pubDate>Wed, 23 Nov 2011 16:22:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=11309#comment-48216</guid>
		<description>Dear Carol and Colleagues,
As a former Lesley faculty from way back I commend you on your important work.
I wonder if ePortfolio can help Make the learning visible and standards visible too.
Evangeline</description>
		<content:encoded><![CDATA[<p>Dear Carol and Colleagues,<br />
As a former Lesley faculty from way back I commend you on your important work.<br />
I wonder if ePortfolio can help Make the learning visible and standards visible too.<br />
Evangeline</p>
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		<title>Comment on NEBHE Bites Into the Core by Rep. Joseph McNamara (R.I.)</title>
		<link>http://www.nebhe.org/thejournal/nebhe-bites-into-the-core/comment-page-1/#comment-40566</link>
		<dc:creator>Rep. Joseph McNamara (R.I.)</dc:creator>
		<pubDate>Mon, 24 Oct 2011 17:45:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=10588#comment-40566</guid>
		<description>State legislators support the need to improve elementary and secondary education so that all students have access to a challenging and reward public education. Challenging common academic standards are one element of a successful reform plan. But in and of themselves, common academic standards have little significance and do not directly impact student success.

We need to examine:
- How school districts develop and execute comprehensive implementation plans for the standards.
- What the curriculum looks like.
- How teachers are prepared to use the standards.
- How teachers meaningfully base their instruction on the standards.
- How school leaders provide ongoing feedback to their teachers.
- How students will be assess on their understanding.
- How states will find the funding to support all these efforts.

All of these factors relate to whether the common core will make a difference to students.

State legislators recognize the efforts of the state-led consortium that has developed the standards. And state legislators are following the work of the two consortia that are developing assessments. At the same time, some state legislators are troubled that the people who are leading these efforts may move on from standards and assessments, to common curriculum, textbooks and teacher-preparation programs. There is concern that the effort that began with standards may have as its ultimate goal a nationalized K-12 system that will not remain voluntary to states. Recent actions have contributed to these fears.

For example:

- Rhode Island, like other states, was required by the federal government to commit to adopting the common standards as an eligibility criterion for the Race to the Top competition, even before the common standards were fully developed, released or endorsed.

- The federal government has committed $350 million to developing the common assessments that match up to the common standards.

- The Common Core Initiative acknowledges the need for ongoing federal support for its activities.

- The Obama administration&#039;s blueprint for reauthorization of ESEA suggests that Title I funds for disadvantaged children be contingent upon each state&#039;s acceptance of a set of voluntary common standards.

I think the most positive aspect of this voluntary, state-led effort is the renewed attention to the profound differences in expectations for student performance across states, and I am glad that Rhode Island is among states that want to do better. But I think there are still some unanswered questions that make it difficult for state legislators to lose their skepticism about the Common Core. Here are three of mine:

1. How will curricula be developed? Major publishers have had a place at every table during the development of the standards, and are now present for the development of the assessments. Are state departments of education prepared or able to take the lead in guiding the development of curricula, or will publishers decide what materials should be included?

2. What is the communication plan that will support the rollout of the Common Core standards and assessments? There are a lot of moving parts associated with the Common Core, and many state legislators still do not understand the implications associated with Rhode Island&#039;s adoption of the standards. For example, all indications are that with the greater rigor of the standards, the number of students who score below proficiency will increase. It will appear as if schools have slipped in their ability to prepare students. State legislators will receive calls from upset parents who demand to know what happened. How will the state department of education, superintendents, and principals work with their state legislators to prepare them for this situation, and make sure their elected officials understand the nuances associated with moving to a new assessment system?

3. Can Rhode Island afford this? The Common Core and its assessments call for professional development, upgrades to technology, purchases of new curricula and materials. I still have not seen any projections about the costs states will incur because of the Common Core, or about how state departments of education are planning to incorporate these costs into their budgeting.

To sum it all up,  state legislators agree that students can benefit from rigorous state standards anchored in real-world demands that they will face after high school, and that are aligned to K-12 curriculum, assessments, high school graduation requirements and college placement standards. Legislators at the state level maintain that this can be best accomplished through the work of individual states or through voluntary participation in joint efforts like the Common Core. Rhode Island has opted to join in the Common Core, and we in the House of Representatives have faith that this effort will benefit our students, teachers and schools. Large, complex efforts like the Common Core always experience challenges, but we stand ready to work at the state and local levels to make decisions that optimize our chances for success here.</description>
		<content:encoded><![CDATA[<p>State legislators support the need to improve elementary and secondary education so that all students have access to a challenging and reward public education. Challenging common academic standards are one element of a successful reform plan. But in and of themselves, common academic standards have little significance and do not directly impact student success.</p>
<p>We need to examine:<br />
- How school districts develop and execute comprehensive implementation plans for the standards.<br />
- What the curriculum looks like.<br />
- How teachers are prepared to use the standards.<br />
- How teachers meaningfully base their instruction on the standards.<br />
- How school leaders provide ongoing feedback to their teachers.<br />
- How students will be assess on their understanding.<br />
- How states will find the funding to support all these efforts.</p>
<p>All of these factors relate to whether the common core will make a difference to students.</p>
<p>State legislators recognize the efforts of the state-led consortium that has developed the standards. And state legislators are following the work of the two consortia that are developing assessments. At the same time, some state legislators are troubled that the people who are leading these efforts may move on from standards and assessments, to common curriculum, textbooks and teacher-preparation programs. There is concern that the effort that began with standards may have as its ultimate goal a nationalized K-12 system that will not remain voluntary to states. Recent actions have contributed to these fears.</p>
<p>For example:</p>
<p>- Rhode Island, like other states, was required by the federal government to commit to adopting the common standards as an eligibility criterion for the Race to the Top competition, even before the common standards were fully developed, released or endorsed.</p>
<p>- The federal government has committed $350 million to developing the common assessments that match up to the common standards.</p>
<p>- The Common Core Initiative acknowledges the need for ongoing federal support for its activities.</p>
<p>- The Obama administration's blueprint for reauthorization of ESEA suggests that Title I funds for disadvantaged children be contingent upon each state's acceptance of a set of voluntary common standards.</p>
<p>I think the most positive aspect of this voluntary, state-led effort is the renewed attention to the profound differences in expectations for student performance across states, and I am glad that Rhode Island is among states that want to do better. But I think there are still some unanswered questions that make it difficult for state legislators to lose their skepticism about the Common Core. Here are three of mine:</p>
<p>1. How will curricula be developed? Major publishers have had a place at every table during the development of the standards, and are now present for the development of the assessments. Are state departments of education prepared or able to take the lead in guiding the development of curricula, or will publishers decide what materials should be included?</p>
<p>2. What is the communication plan that will support the rollout of the Common Core standards and assessments? There are a lot of moving parts associated with the Common Core, and many state legislators still do not understand the implications associated with Rhode Island's adoption of the standards. For example, all indications are that with the greater rigor of the standards, the number of students who score below proficiency will increase. It will appear as if schools have slipped in their ability to prepare students. State legislators will receive calls from upset parents who demand to know what happened. How will the state department of education, superintendents, and principals work with their state legislators to prepare them for this situation, and make sure their elected officials understand the nuances associated with moving to a new assessment system?</p>
<p>3. Can Rhode Island afford this? The Common Core and its assessments call for professional development, upgrades to technology, purchases of new curricula and materials. I still have not seen any projections about the costs states will incur because of the Common Core, or about how state departments of education are planning to incorporate these costs into their budgeting.</p>
<p>To sum it all up,  state legislators agree that students can benefit from rigorous state standards anchored in real-world demands that they will face after high school, and that are aligned to K-12 curriculum, assessments, high school graduation requirements and college placement standards. Legislators at the state level maintain that this can be best accomplished through the work of individual states or through voluntary participation in joint efforts like the Common Core. Rhode Island has opted to join in the Common Core, and we in the House of Representatives have faith that this effort will benefit our students, teachers and schools. Large, complex efforts like the Common Core always experience challenges, but we stand ready to work at the state and local levels to make decisions that optimize our chances for success here.</p>
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		<title>Comment on Talkin&#8217; &#8216;Bout My Generation by True Knowledge</title>
		<link>http://www.nebhe.org/thejournal/talkin-bout-my-generation/comment-page-1/#comment-33836</link>
		<dc:creator>True Knowledge</dc:creator>
		<pubDate>Sun, 25 Sep 2011 21:53:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?p=4692#comment-33836</guid>
		<description>While there are no exact dates to the Millenial Generation, I use 1977 as the start date for 2 reasons:

1.  Studies that included those born beginning in 1977 prove that even they are liberal on social issues - sure, maybe not as much as the babies of the &#039;80s, but even those born beginning in 1977 have long supported, say, gay rights, green technologies, and immigration rights. See, for example,         &quot;Generation We,&quot; by Eric Greenberg and Karl Weber (they say 1978 is the start date, but I use 1977 - not only because 1 year doesn&#039;t make much difference, but also because of reason #2 below).

2.  An online chart proves that the &quot;echo boom&quot; period really started in 1977, when about 159,000 more babies were born than during the previous year.</description>
		<content:encoded><![CDATA[<p>While there are no exact dates to the Millenial Generation, I use 1977 as the start date for 2 reasons:</p>
<p>1.  Studies that included those born beginning in 1977 prove that even they are liberal on social issues - sure, maybe not as much as the babies of the '80s, but even those born beginning in 1977 have long supported, say, gay rights, green technologies, and immigration rights. See, for example,         "Generation We," by Eric Greenberg and Karl Weber (they say 1978 is the start date, but I use 1977 - not only because 1 year doesn't make much difference, but also because of reason #2 below).</p>
<p>2.  An online chart proves that the "echo boom" period really started in 1977, when about 159,000 more babies were born than during the previous year.</p>
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		<title>Comment on Book Review: Moral Victories? by Jay Halfond</title>
		<link>http://www.nebhe.org/thejournal/book-review-moral-victories/comment-page-1/#comment-32766</link>
		<dc:creator>Jay Halfond</dc:creator>
		<pubDate>Mon, 19 Sep 2011 15:44:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=9969#comment-32766</guid>
		<description>Very helpful book summary, Joe, with practical suggestions for its use.  I have often thought that academe has its own set of ethical quandaries to cope with -- and students anticipating leadership roles should be systematically exposed to these issues and cases.  Thanks for this background.</description>
		<content:encoded><![CDATA[<p>Very helpful book summary, Joe, with practical suggestions for its use.  I have often thought that academe has its own set of ethical quandaries to cope with -- and students anticipating leadership roles should be systematically exposed to these issues and cases.  Thanks for this background.</p>
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		<title>Comment on Bootstraps: Federal Trio Programs, if Funded, Could Help Close Income Gap by Mateo Arteaga</title>
		<link>http://www.nebhe.org/thejournal/bootstraps-federal-trio-programs-if-funded-could-help-close-income-gap/comment-page-1/#comment-31337</link>
		<dc:creator>Mateo Arteaga</dc:creator>
		<pubDate>Fri, 09 Sep 2011 21:49:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=10288#comment-31337</guid>
		<description>I participant in the SSS-TRIO program in college and I am thankful for that opportunity.  Yet we  serve only 10% of the population that is eligible. I hope in the future this program is still there to help others in need. TRIO works! Please let others know how you feel about TRIO programs.</description>
		<content:encoded><![CDATA[<p>I participant in the SSS-TRIO program in college and I am thankful for that opportunity.  Yet we  serve only 10% of the population that is eligible. I hope in the future this program is still there to help others in need. TRIO works! Please let others know how you feel about TRIO programs.</p>
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		<title>Comment on Time to Turn Attention to a Different Debt Limit: Downsize Federal Student Loan Programs by The author responds ... Tom Parker</title>
		<link>http://www.nebhe.org/thejournal/time-to-turn-attention-to-a-different-debt-limit-downsize-federal-student-loan-programs/comment-page-1/#comment-31319</link>
		<dc:creator>The author responds ... Tom Parker</dc:creator>
		<pubDate>Fri, 09 Sep 2011 20:14:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.nebhe.org/?post_type=thejournal&#038;p=9664#comment-31319</guid>
		<description>I agree with &quot;Craigie&quot; that banks estimate cash flow over the life of the loan to determine the value of the asset.  If their estimates are mistaken, especially with regard to default rates, the asset can turn negative. Part of my argument is that the federal government is underestimating future defaults in the asset class. These are, after all, loans to young people with little or no credit history, and there is no physical collateral. A better argument is that the real asset is the aggregate gain in higher education attainment, a collective national asset worth more than any negative cash flow generated by the loans.

This collective positive must be then be weighed against the negatives encountered when the education received by the individual is not useful in earning enough money to pay back extensive debt. Income contingency can help with this problem. The Thai government (which I have consulted for in the past on student loan issues) recently announced that student loan defaults have become such a budgetary strain that they will begin to combine income contingent loans with a plan to make student loan availability dependent in part on a student&#039;s projected future employment prospects.

I have noticed that even though the website asks commentators to identify their institutional affiliations or special interest in the topics at hand, no one seems to do it.

Tom Parker</description>
		<content:encoded><![CDATA[<p>I agree with "Craigie" that banks estimate cash flow over the life of the loan to determine the value of the asset.  If their estimates are mistaken, especially with regard to default rates, the asset can turn negative. Part of my argument is that the federal government is underestimating future defaults in the asset class. These are, after all, loans to young people with little or no credit history, and there is no physical collateral. A better argument is that the real asset is the aggregate gain in higher education attainment, a collective national asset worth more than any negative cash flow generated by the loans.</p>
<p>This collective positive must be then be weighed against the negatives encountered when the education received by the individual is not useful in earning enough money to pay back extensive debt. Income contingency can help with this problem. The Thai government (which I have consulted for in the past on student loan issues) recently announced that student loan defaults have become such a budgetary strain that they will begin to combine income contingent loans with a plan to make student loan availability dependent in part on a student's projected future employment prospects.</p>
<p>I have noticed that even though the website asks commentators to identify their institutional affiliations or special interest in the topics at hand, no one seems to do it.</p>
<p>Tom Parker</p>
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