Federal Relations

Higher Education

January 27, 2016

Endowments Fall 2.4%

Colleges saw significantly lower returns on their endowments in the 2015 fiscal year. The annual NACUBO-Commonfund Study of Endowments found that 812 colleges returned an average of just 2.4 percent after fees, down from 15.5 percent in 2014 and the lowest return since the -0.3 percent reported for 2012. The long-term return was well below…

January 4, 2016

Happy New Year!

The 114th Congress is back in action this week for the second legislative session. The House reconvenes tomorrow and the Senate will return on Monday, January 11th. The 2016 Congressional calendar boasts roughly 110 legislative voting days with plenty of 4-day weekends and an early summer recess – beginning in July and running through Labor…

December 18, 2015

Congress Passes $1.8 Trillion FY 2016 Spending and Tax Extension Bill

This morning the House & Senate approved a $1.8 trillion fiscal year 2016 omnibus spending bill, averting a government shutdown and funding the federal establishment through September 2016. The measure passed with a 316-113 vote in the House followed by a 65-33 vote in the Senate. President Obama is said to sign the measure into…

House Passes Omnibus

House just passed the $1.15 trillion omnibus spending bill by a vote of 316-113. The omnibus was released earlier this week. It now heads to the Senate for passage later this afternoon.

December 17, 2015

House Passes Tax Extenders

Today, the House passed a $622 billion tax package that permanently renews a number of tax provisions following years of short-term extensions. Seventy-seven Democrats joined 241 Republicans to pass the measure in a 318 to 109 vote. Several tax breaks created under President Obama’s stimulus package are made permanent, including the American Opportunity Tax Credit,…

December 16, 2015

Tax Extenders Bill Released

House Republicans unveiled a $650 billion permanent tax package early Wednesday morning.  Key elements of the package were the permanent extensions of the research and experimentation tax credit and several charitable donation tax breaks. Sections of note include: Section 102. Enhanced American opportunity tax credit is made permanent. The Hope Scholarship Credit is a credit of…

Omnibus Released

House Republican Leadership released the long-awaited FY 2016 omnibus appropriations and tax extenders package late last night. The $1.15 trillion, 2,009-page package was delayed until just after 1:30 a.m. Wednesday after party leaders spent Tuesday swapping final offers. House Republican Leadership initially said they would adhere to the GOP’s “three-day rule,” releasing the package on Tuesday…

November 30, 2015

ESEA Conference Report Released, Passage Expected Before Recess

  Both Senator Lamar Alexander (R-TN), Chairman of the Senate Health, Education, Labor and Pensions Committee, and Rep. John Kline (R-MN) Chairman of the House Education and the Workforce Committee, put a No Child Left Behind rewrite at the top of their to-do lists in 2015. After multiple stops and starts in the House, the House and Senate Conferees…

November 19, 2015

ESEA/NCLB Conference Finished, Vote in House Expected

House and Senate conferees finished their work on an agreement to rewrite the No Child Left Behind law today. Members are hopeful that the conference package can clear both chambers by the end of the year. Both parties have been critical of the last reauthorization law (which renamed the Elementary and Secondary Education Act to No…

Moody’s Tuition Survey Assumes New Norm

Declining enrollment, state tuition caps and affordability concerns are among the drivers of what Moody’s Investors Service is calling a “new normal” for U.S. colleges – minimal year-over-year growth in net tuition revenue, or the amount colleges make off tuition after distributing financial aid. Moody’s said in its annual tuition survey that it expects last year’s 2-percent…

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