Federal Relations

August 29, 2013

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.

August 22, 2013

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

August 9, 2013

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

August 1, 2013

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

July 31, 2013

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

July 18, 2013

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

July 15, 2013

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!

July 12, 2013

July Federal Update

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

July 11, 2013

Student Loans: Cloture Vote Fails but Senate Makes Possible Deal

The Senate failed to invoke cloture and move forward 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. The vote was 51-49 and 60 votes are needed to invoke cloture, which would end debate on the measure. However, later

July 9, 2013

Senate to Try and Pass Student Loan Interest Bill (again)

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

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