Posts Categorized: Financing

DC Shuttle: Many Progressives Wary of Senate-Approved Loan Rate, GOP Ed Reforms

Senate approves student loan interest rate bill. On Wednesday, the Senate approved the Bipartisan Student Loan Certainty Act by a vote of 81 to 18. House leadership has promised swift approval of the legislation, with a vote in the House likely this week. The bipartisan proposal would tie interest rates on undergraduate subsidized and unsubsidized Stafford loans to the 10-year Treasury note plus 2...

In Central Maine, a Rambling Rose?

The Colby College Museum of Art now has surpassed the Portland Art Museum as Maine's largest art museum, thanks to a new $15 million Alfond-Lunder Family Pavilion that holds nearly 300 of the 500 works given to Colby by Peter and Paula Lunder. Peter Lunder is a Colby alumn and former president of Dexter Shoe Company, which was founded by his uncle Harold Alfond. Lunder and his wife's collection...

State Budgets Slowly Recovering, Reports NEBHE as it Updates Figures on Higher Ed Finance

While some economists see the national economy poised to come back, state budgets and economies aren’t yet in the clear, according to the National Association of State Budget Officers (NASBO) and National Governors Association (NGA) 2013 Fiscal Survey of States. As it is, New Englanders pay just $179 per capita toward higher education, compared with $230 per capita nationally. The NASBO an...

DC Shuttle: SCOTUS Ruling Suggests Colleges Can Continue to Use Diversity as Admissions Tool for Now; Congress May Revisit Loan Rate Debate After Recess; US Spends Most on Ed

Supreme Court affirmative action ruling. On Monday, the Supreme Court released a ruling in the case of Fisher v. University of Texas at Austin. The 7-1 decision was indecisive, remanding the case for reconsideration in the lower courts and directing lower courts to use "strict scrutiny" in affirmative action cases. The result of the ruling is that schools will continue to be able to use diversity ...

DC Shuttle: Teacher Quality Under Scrutiny on Capitol Hill

House committee OKs ESEA reauthorization. On Wednesday, the House Education and the Workforce Committee approved a proposed reauthorization to the Elementary and Secondary Education Act (ESEA) by a vote of 23 to 16. The bill, the Student Success Act (H.R. 5), introduced by Committee Chair John Kline (R-MN), would consolidate most federal funding into one block grant. The proposal would eliminate t...

Lowell Team Wants to Spin Peels, Algae into “Surfactants”

A team of students from the University of Massachusetts Lowell will receive up to $90,000 from the U.S. Environmental Protection Agency (EPA) to develop nontoxic, biodegradable "surfactants" from fruit peels and algae and potentially bring the invention to market. Surfactants are cleaning agents used in soaps, inks and other products to help them apply more easily to surfaces. Many surfactants ar...

DC Shuttle: Harkin Proposes Student Accountability Systems

ESEA reauthorization approved by committee. At a Senate Committee on Health, Education, Labor and Pensions (HELP) markup on Tuesday, lawmakers considered the Senate Democrats' proposal, the Strengthening America's Schools Act, to reauthorize the Elementary and Secondary Education Act (ESEA). A bill (S. 1094) introduced by Committee Chair Tom Harkin (D-IA) advanced by a party-line vote of 12-10 des...

DC Shuttle: Still Wrestling with Student Loan Interest; No Child Left Behind

Student loan rates. The Senate rejected two proposals to extend low interest rates on student loans after they expire on July 1. Without legislation, interest rates will double from 3.4% to 6.8% with the expiration of the one-year fix put in place last summer. Movement to proceed with a Senate Democratic bill (S. 953) to extend the current 3.4% fixed interest rate for two additional years was reje...

Learning Channels: WGBH Creates a Higher Ed Desk

WGBH Boston is creating a Higher Ed Desk to help enrich its award-winning radio, television and online stories with angles from Boston and New England's famed postsecondary education. America’s largest producer of PBS content for TV and the web, WGBH hired Vermont Public Radio's Kirk Carapezza as managing editor and lead correspondent of the Higher Ed Desk. The desk is supported through m...

5/29 Is 529 Day

Wednesday is May 29 ... 5/29 ... and the folks behind 529 college savings plans are milking the connection for all it's worth. The College Savings Plans Network (CSPN) and various states have declared May 29 National “529 College Savings Day” in recognition of the the tax-advantaged investment plans named for Section 529 of the tax code and designed specifically to save for higher edu...