Federal Relations

Senate Committees Hold Hearings on Student Loans

This morning Senators discussed student loans in two simultaneous committee hearings. The Senate Budget Committee, which is chaired by Washington State’s Senator Patty Murray, held a full committee hearing titled, “Impact of Student Loan Debt on Borrowers and the Economy.” Key witnesses in the hearing included representatives from the Consumer Financial Protection Bureau, the Student

ED Announces Plan College Ratings Timeframe

Today, the Department of Education (ED) announced a timeframe for rolling out the Administration’s proposed College Ratings system. In a post by Deputy Under Secretary Jamienne Studley entitled, “Making it Easier to Pick and Pay for College through Ratings“, the Administration announced that the college ratings system will be ready this Fall and a final

Larsen Introduces Bill to Protect Bereaved Student Borrowers

Today, Congressman Rick Larsen (D-WA) introduced the Bereaved Student Borrowers Act. The bill  is designed to protect grieving students and students facing family hardship from auto-defaulting on their private student loans and to get better access to information about cosigner release requirements. The bill also prohibits lenders from reporting an auto-default as a result of cosigner

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

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

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

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

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

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

« Previous Page Next Page »