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Senate Banking hearing on student loan servicing. The Senate Banking, Housing and Urban Affairs Committee's Subcommittee on Financial Institutions and Consumer Protection held a hearing on the difficulties for student loan borrowers. The hearing focused on loan servicers and how borrowers and veterans negotiate repayment. Senators and witnesses said that action should be taken agai...
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Bill to eliminate tax on education technology. Rep. Diane Black (R-TN) is forging a bipartisan coalition to promote a new proposal for permanent elimination of tariffs on certain electronic learning devices used in schools and homes. She is sponsoring the "ETeach" proposal (H.R. 4748) that would make permanent an exception for learning devices that was temporarily backed in 2004.
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Public comments and report find flaws in "gainful employment" proposal. The period for public comment closes today, and many comments collected regarding the administration's gainful employment proposal claim the rule is flawed and will end up hurting students. Now, a report by Charles River Associates says the economic effects of the proposed rule are harmful. The report claims th...
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Ed Dept. announces grants to increase college completion. The U.S. Department of Education announced the First in the World campaign, with $75 million worth of grants to fund the development and testing of innovative approaches and strategies at colleges and universities that improve college attainment and make higher education more affordable. The Education Department will award g...
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Democrats introduce student loan refinancing bill in Senate. Sen. Elizabeth Warren (D-MA) introduced a bill, the Bank on Students Loan Fairness Act, which would allow former students with high interest rates to refinance their student loans at much lower rates. The legislation aligns with a major Democratic election year interest: college affordability. Democrats are taking on stud...
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House and Senate committees hold hearings on Ed Budget. The House Education and the Workforce Committee held a hearing on the FY 2015 budget request for the Department of Education. U.S. Secretary of Education Arne Duncan testified. Education Week reported that lawmakers raised concerns with the admiration's waivers from the requirements of No Child Left Behind (NCLB). The Senate H...
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Administration announces grants for aligning education with jobs. The Obama administration announced a new initiative to encourage academic credit for apprenticeships, Inside Higher Ed reported. President Obama announced that 24 awards, totaling $107 million, will be given across the country to partnerships of education agencies, workforce investment boards, universities and corpor...
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House hearing on college access. The House Education and the Workforce Committee held a hearing on access to higher education as part of reauthorizing the Higher Education Act (HEA). Much of the discussion was about how to best measure access and the hearing addressed methods that have been successful at improving access. Some of the discussion suggested that measuring access was n...
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Obama administration proposes new rules on for-profit colleges. The administration proposed new rules to govern for-profit colleges. One rule would limit how much debt students can amass in career-training programs. The proposal is the second attempt by the Obama administration to set "gainful employment" standards. Part of a rule issued in 2011 was struck down in court last year. ...
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Education budget request. President Obama's budget proposal contained many pieces on education. The education portion of the budget request included $300 million in funding for Race to the Top for educational equity. The president called for funding for high-quality preschool. For higher education, the president requested $4 billion in new mandatory spending for competitive grants ...
DC Shuttle ...
Senate Banking hearing on student loan servicing. The Senate Banking, Housing and Urban Affairs Committee's Subcommittee on Financial Institutions and Consumer Protection held a hearing on the difficulties for student loan borrowers. The hearing focused on loan servicers and how borrowers and veterans negotiate repayment. Senators and witnesses said that action should be taken agai...