Ryan Reveals House FY15 Budget

House Budget Chairman Paul Ryan unveiled the House FY15 Budget today. The measure proposes to cut $5.1 trillion over a decade in a bid to erase the federal deficit, while calling once again for dramatic changes to Medicare, Medicaid, and the tax code. The House proposal would significantly reduce federal support for college access. The Ryan… Read More


Pell Grant Shortfall Delayed to FY2017

Yesterday the Congressional Budget Office (CBO) released their Budget and Economic Outlook: 2014 to 2024. The deficit is expected to fall this year as the economy gains steam, but CBO also anticipates that increasing health care costs and higher payments on the national debt mean that those gains will not last. The deficit estimate sets… Read More


This Week in Congress

Below is an overview of relevant House and Senate committee hearings and markups on the schedule this week. WEDNESDAY, November 13th House Education and the Workforce Federal Student Aid 10am, 2175 Rayburn Full Committee Hearing Joint Economic Fiscal 2014 Budget 10am, 1100 Longworth Conference Committee Meeting THURSDAY, November 14th Senate Health, Education, Labor, and Pensions… Read More


Obama’s Plan for College Affordability

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.


White House Releases Higher Education Proposals

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… Read More


Obama to Sign Student Loan Interest Rate Bill

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… Read More


Student Loan Bill Approved by Congress

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… Read More


House to take up Senate-passed Student Loan Deal Today

The House is expected to consider and vote on a bipartisan student loan deal that passed the Senate last week on an 81-18 vote. The deal ties interest rates to the rate on 10-year treasury bonds.  The bill is intended to be a long-term solution and also a retroactive fix to July 1st of this… Read More


Bipartisan Agreement Reached on Student Loan Rates

A bipartisan group of senators appear to have reached a deal that would provide a long-term fix to student loan rates, allowing them to increase up to a ceiling of 8.25 percent. Lawmakers on both sides of the aisle are supporting the compromise, which also would bring both subsidized and unsubsidized Stafford loans under the same… Read More


Things Heat Up in Congress

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!… Read More