Before the financial crisis, five school districts in Wisconsin borrowed $200 million and invested in some very complicated financial instruments tied to real estate. They quickly became worthless. The school districts sued, claiming they were misled about the risk they were taking.
The Obama administration has proposed big changes for the early childhood education program Head Start. Programs the government has labeled "deficient" must now compete for funds to continue operating. But some argue that turning Head Start into a competitive grants program will not be easy.
Those rolling reading rooms are becoming scarce — too costly and outmoded, some say. The bookmobile in one New England town just broke down, and residents are wondering if it's time to shelve it in the history section.
Nearly fifteen percent of borrowers defaulted on student loan debts last year. With total student loan debt over $850 billion last year, how will rising defaults impact our economy? The forecast isn't good; but it also isn't as bleak as you might think...
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