Gabrielle Crossnoe

Financial exclusion in American cities

Approximately 14.1 million adults in the United States did not have bank accounts in 2017. Access to mainstream banking — institutions insured by the Federal Deposit Insurance Corporation (FDIC) — can provide financial stability and economic mobility, while exclusion from it can lead to economic insecurity. The federal government routinely surveys American households to estimate […]

Overfunded and underperforming: The case for federal reform of for-profit college financing

For-profit colleges have generally failed to provide students with the benefits higher education is supposed to produce. These colleges are different than public universities, which are government-owned, or private nonprofit universities, which reinvest excess revenue back into the school. For-profit colleges — also known as proprietary colleges — are privately-owned businesses that distribute profits to […]