The Swail Letter Podcast Dr. Watson Scott Swail

When a student exhibits some factor that could lead to academic failure or withdrawal, then that represents a lever that is pressed by the student and should start an institutional process to act in accordance with the situation. This Swail Letter talks about "The Lever Principle."

Everybody’s talking about those celebrities and rich people taking advantage of the system by fraudulently getting their kids into the best schools in the world. We’re talking Yale, Georgetown, Stanford, USC, Wake Forest, and UT Austin. Leading the pack is Felicity Huffman of Desperate Housewives and Sports Night fame and Lori Loughlin from Full House. But there were dozens of other affluent people who paid to have their children admitted to these selective institutions. They did it through bribes, test fraud, and athletic fraud. And they knew they were doing it. The man behind this scheme reportedly collected over $25 million from his three dozen clients and, in the end, wore a wiretap to tape his clients. People are going to jail on these felonies.

This Swail Letter takes issue with an expert from the accounting firm of Grant Thornton who pushed an agenda on MSNBC on February 4, 2019 about education issues related to the workforce. Dr. Swail takes issues with her assumptions and clarifies here.

Today, due primarily to the high cost of college, but also in the reduced amount in family savings, more students than ever are choosing to pay for their college later than now. For most students, this is not a choice. Student loans are a necessary evil for over two thirds of the college-going population. And while access to loans is a good thing, too much loan debt can be detrimental, especially for people who fail to complete their studies. Today’s Swail Letter looks at the issue of student debt and the retirement population.

This week, it was announced that the 11th richest person in the world, former New York City Mayor, and potential Democratic 2020 Candidate Michael Bloomberg gave his alma mater, Johns Hopkins University, a record-breaking $1.8 billion gift for student aid to ensure that their admissions processes would be “forever need-blind.” To put this gift in perspective, it is almost double the previous largest gift to a university—in the world. It is massive.

This is an interview from the Tri-State Consortium for Opportunity Programs in New York in 2015 about educational opportunity writ large and how educational opportunity programs figure in this issue.