Today in Congress: Student Loan Bills

The Senate is in at 9:00am and will hold three procedural votes on the farm bill and two rival bills to keep interest rates low for student loans. It’s not certain either can clear the 60-vote threshold in the Senate. The Republican-led House already has taken action on loans – and drawn a veto threat… 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


September Stalemate on FY14 Appropriations

Members of Congress return to DC this week to take on the farm bill, try to keep student loan interest rates from doubling on July 1st, and continue with the FY14 appropriations process. And while immigration reform is still being debated, some are now skeptical that the House and Senate can come get to a… Read More


Veto threat to HR 1911, Smarter Solutions for Students Act

As we have previously posted, the House is slated to consider HR 1911, the Smarter Solutions for Students Act on Thursday of this week or tomorrow. Yesterday, Education Secretary Duncan all but endorsed the legislation. While the House Rules Committee has yet to meet and determine how to proceed and what amendments will be made… Read More


Secretary Duncan advocates long-term student interest rate solution

Secretary of Education, Arne Duncan, testified before the House Committee on Education and Workforce today. During the hearing, House Chairman Klein specifically asked Secretary Duncan to clarify the Administration’s position on the student loan issue. The Republican attempted to elicit an endorsement from Duncan of their bill, HR 1911, the Smarter Solutions for Students Act,… Read More


Senate focuses on Farm Bill and House focuses on Student Loans for the bulk of the week

The Senate and House continue to work though legislation that respective committees addressed last week. The full Senate will consider the Farm Bill (S 954), which the Senate Agriculture Committee passed last week. The Farm Bill reauthorization , which would overhaul farm subsidies and food stamp programs, is expected to be considered by the Senate for… Read More


This Week in Congress

An overview of House and Senate Committee Hearings and Markups on the schedule this week. TUESDAY, MAY 21st House Appropriations FISCAL 2014 APPROPRIATIONS: 302(B) ALLOCATIONS May 21, 11 a.m., 2359 Rayburn Bldg Full Committee Markup House Education & the Workforce FISCAL 2014 BUDGET: DEPARTMENT OF EDUCATION May 21, 10 a.m., 2175 Rayburn Bldg Full Committee… Read More


House Committee Moves on Student Loan Fix

Today, the House Education and the Workforce Committee marked up and two measures on to improve college costs and data transparency. The committee modestly amended and approved HR 1911, the Smarter Solutions for Students Act by a vote of 24-13, which ran largely along party lines. The amended HR 1911 would peg interest rates on all… Read More


Charting the student loan interest rate proposals

As the Office of Federal Relations continues to track the proposals and progress made on legislation affecting the student loan interest rate, below is a chart highlighting the proposals to date and major proposals. Options continue to multiply as the July 1 deadline raising the 3.4 percent interest rate to 6.4 percent is quickly approaching…. Read More


Farm Bill goes to mark up

Both the House and Senate Agriculture Committees are working on the Farm Bill this week. The respective farm bills scheduled to be marked up in Senate Agriculture on Tuesday and House Agriculture on Wednesday. The draft House plan released on Friday would save a projected $39.7 billion over a decade through reductions to nutrition programs, farm… Read More