Last Thursday and Friday, President Obama toured several colleges and universities touting a new plan for higher education access and affordability. The Offices of Planning & Budgeting and Federal Relations prepared a brief with additional information about this plan.
As part of the college road show President Obama is undertaking starting today, the White House has released a fact sheet on a series of proposals that the Administration will be promoting on higher education. Some of these proposals require legislative action by Congress, while some can be instituted by the Administration. Other proposals by the
President Obama today will sign the bill reversing the student loan interest rate hike and lowering rates on new student loans this year. The compromise is retroactive to July 1, when the interest rate doubled for federally subsidized student loans. This compromise mirrors the proposal that Obama recommended in his budget request for the FY14
Several bills have been introduced this summer surrounding the issue of STEM Education from elementary school through college, with the aim of increasing access for students to these subjects and preparing them for the 21st century workforce. Below is a quick overview and analysis of a few of these bills that we have been keeping
Last night, the House approved the Bipartisan Student Loan Certainty Act (HR 1911). This bill: Sets the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans issued to undergraduate students at the rate on high-yield 10-year Treasury notes plus 2.05%, but caps that rate at 8.25%; Sets the annual interest rate on
Congress returns to work this week under a heat advisory for our fist long stretch of very hot and humid weather in DC. Today is predicted to see 94 degrees in the nation’s capitol, but it will feel more like 101 according to weather.com. And today will likely be the coolest day of the week!
FY14 APPROPRIATIONS The path to enacting FY14 appropriations measures is paved with legislative friction as Congress is showing no signs of undoing the sequester and the House and Senate chambers are working on vastly different overall budget numbers. At this point, there are three budgets — House, Senate, and White House — all of which
Senator Majority Leader Harry Reid has scheduled a cloture vote on S. 1238, the Keep Student Loans Affordable Act, which is a measure that would keep the Stafford subsidized interest rate at 3.4 percent for another year. Over 43 Democratic Senators has sponsored the legislation including Senators Murray and Cantwell. The vote is a cloture
Earlier today the Senate Labor, Health and Human Services, Education (L-HHS-ED) Appropriations Subcommittee approved by voice vote an FY14 bill that provides $164.33 billion in discretionary funding for programs under its jurisdiction, $7.8 billion higher than FY13 and above the budget caps established in the Budget Control Act. No amendments were offered during the subcommittee
Congress returns today after a weeklong recess period to begin a four-week work schedule leading into the August recess. The next four weeks will focus largely on FY14 spending bills. But this week the Senate Democrats will certainly attempt to reverse an interest rate hike on federal student loans that kicked in July 1st and« Previous Page Next Page »