CBO on Student Loan Interest Rate Change and Proposals

Today, the Congressional Budget Office (CBO) released a report on the impacts and costs of the student loan interest rate going from 3.4 to 6.8 percent. The CBO analyzes the impact to Direct (subsidized and unsubsidized) and PLUS loans.  The report also broadly touches on the impacts to students and the nation if student loans… Read More


Senate Moves to Add Student Loans Fix to Farm Bill

The Senate continues to consider the Farm Bill this week. More than 200 amendments are pending consideration to the Farm Bill, including S953, known as the Reed, Harkin, Reid, Murray bill which would would increase taxes on multinational corporations to pay for a two-year extension for student loans at 3.4 percent. Senate Democratic leadership added… Read More


Federal Update, March 2013

The month of March has been a busy one in Washington, D.C. On March 1st sequestration went into effect after Congress failed to come to agreement on long-term deficit reduction, and last week both the House and Senate approved their respective budget resolutions that address overall spending for federal government for FY 2014. And, finally, Congress… Read More


CR and Budget Update

Yesterday, the Senate passed HR 933, a continuing resolution to fund federal government for the remainder of FY 2013. That bill now moves back to the House for final approval, which should take place today before being sent to the President for signature. While the CR does not eliminate sequestration, it does provide some federal… Read More


Today in Congress

The Senate is still struggling to get the FY 2013 continuing resolution (CR) approved, which now looks like it may happen on Thursday. That will leave little time to consider the FY 2014 budget resolution. Senate Majority Leader Harry Reid (D-NV) has said that he is planning to keep members in session until they complete… Read More


Busy Week in Congress

Congress has a busy schedule this week before they leave town for their two-week Easter recess. On the agenda are the continuing resolution (CR) and dueling House and Senate budget proposals. The Senate resumes consideration of the CR to fund the federal government for the rest of FY 2013. With some 90 amendments filed, they… Read More


Military Tuition Assistance Programs Zeroed Out by Sequester

One of the first causalities of the the federal Sequester is the Tuition Assistance (TA) program provided by the Army and Marine Corps. Following the Marines Corps lead, the Army announced on Friday, March 8th that soldiers will not be allowed to enroll in TA-funded courses after the day of the annoucement. The Marines announced on… Read More


Senate Releases FY 2013 Continuing Resolution

Senator Mikulski (D-MD), Senate Appropriations Chair, has released the Senate version of the continuing resolution for FY 2013. HHS and Education programs will continue to be funded at the FY 2012 levels minus the 5 percent cut as mandated by the March 1st OMB report and sequester order. There are a few interesting sections in… Read More


Big Budget Week Ahead

The Senate will take action on a continuing resolution (CR) this week to fund federal government through the end of FY 2013. The current CR expires on March 27th. The Senate bill expands on the House version that was approved in that chamber last week, which combines new Defense and Military Construction-VA bills with a… Read More


House Approves CR for FY 2013

Yesterday the House approved a six-month continuing resolution (CR) to fund federal government past March 27th when the current CR expires. The bill would shift billions of dollars to military operations to help the Army and Navy cope with automatic spending cuts ordered by the sequester last week. The measure now moves to the Senate,… Read More