Dow hits 20,000
2 months ago
If you thought mortgage-underwriting standards were lax right before the housing crisis, wait until you take a closer look at student loans. Borrowing for a house at least requires an appraisal of the property and an assessment of the borrower's future capacity to pay. Student loans require neither. Instead, students and families are encouraged to invest in any program at any price.Palacios argues for Income share agreements (ISAs), contracts between individuals and investors. The investor pays for school in return for an agreed-upon percentage of future earnings over a given time period.
MBA students at NC State are getting training on a wide range of tools for analyzing big data, but they also are getting the theoretical insight they will need to make sense of the results they obtain.“Big data” has arrived, but big insights have not. The challenge now is to solve new problems and gain new answers – without making the same old statistical mistakes on a grander scale than ever.