Student Loan Interest Rates

President Obama used his weekly address to call on Congress to prevent student interest rates from doubling in July.  He believes that we should be doing everything we can to put higher education within reach for every American because “at a time when the unemployment rate for Americans with at least a college degree is… Read More


Ryan Budget Proposes Deeper Cuts to Student Financial Aid

Last week, Rep. Paul Ryan (WI), unveiled his FY2013 budget resolution calling for an overhaul to the tax code and deeper reductions in spending. Among Ryan’s proposals was limiting the growth of federal financial aid for college students, focusing it on low-income students. More specifically, Rep. Ryan proposes a budget that: Eliminates the in-school interest… Read More


FY13 Budget Supports Research, Student Aid

The Obama Administration’s FY13 budget, released on February 13, reflects a continuing commitment to increased federal investments in research and education.  The budget would increase funding for the National Science Foundation (NSF); the Department of Energy’s (DOE) Office of Science and ARPA-E; and the Agriculture and Food Research Initiative (AFRI) in the Department of Agriculture,… Read More


Obama proposes Race to the Top for College Affordability

Details are beginning to emerge on Obama’s proposal to make college affordable.  He spoke to this during his State of the Union address on Tuesday, and again today at an event at the University of Michigan.  US Department of Education Secretary Arne Duncan has also been talking about this issue since late last year, and… Read More


President Obama Announces New ‘Know Before You Owe’ Student Loan Initiative

President Obama announced today at a speech at the University of Colorado Denver, a new initiative called ‘Know Before You Owe’ designed to make college loans more affordable and reduce the financial burden on recent graduates – many of whom are struggling to find employment. The administration is essentially speeding up by 2 years, a… Read More


House Appropriations Releases Draft Labor-HHS-Ed Spending Bill

The House Appropriations Committee released their draft Labor-HHS-Education spending bill today in which they executed several spending cuts and revoked all additional funding for “Obamacare”. Some highlights: Health & Human Services The Health Resources and Services Administration (HRSA) is funded at $6.7 billion, a $1.5 billion increase over FY11 levels The National Institutes of Health… Read More


Senate Holds Hearing on Department of Ed FY12 Budget

The Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies held a hearing yesterday on the Department of Education’s FY12 budget. Secretary Duncan was the witness. In his opening remarks, Duncan expressed concern that America has gone from being a world leader in education to now being “middle of the pack”.  He… Read More


Department of Education FY12 Budget Summary

The Department of Education has released the following summary of the President’s FY12 budget request for the agency: U.S. Department of Education Information Release 2/14/11 Deep cuts and efficiencies in several key education programs will help fund new education investments to keep American students competitive in the global economy under the proposed 2012 Obama administration… Read More


President’s FY12 Budget Request

Today, President Obama released a $3.73 trillion budget request for FY12. The White House estimates that the request and projections for spending in the out-years would reduce the deficit by more than $1 trillion over the next decade. Despite reductions in overall spending, the request contains significant increases for research and development as well as some education programs…. Read More


House Proposes Deep FY11 Cuts, President Looks to FY12

The leadership of the House of Representatives has come forward with a second version of proposed cuts for fiscal year 2011. The new continuing resolution (CR) proposal is in response to criticism from deficit hawks within the Republican caucus who seek to fulfill a 2010 promise to reduce federal spending by $100 billion from what… Read More