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Category: College Costs

Arne Duncan to Step Down in December

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Secretary of Education Arne Duncan has announced that he will step down at the end of December. He was one the last remaining original cabinet appointees and will have served six years.

His family recently returned to Chicago, where Duncan ran public schools for several years before his appointment as Secretary of Education. During his tenure, Duncan repeatedly clashed with teachers unions, parents, and Congress through initiatives like Common Core and support of charter schools.

Former New York state commissioner John King, a deputy secretary at the agency for the last few months, will take his place.

Perkins Expires

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Despite efforts of Senators Tammy Balwin (D-WI) and Patty Murray (D-WA), the Senate was unable to take up the House-passed measure to extend the Perkins program. After the House moved quickly this week to extend Perkins loans and send a measure to the Senate, the two Senate champions attempted to have the Senate quickly consider and pass the measure via a legislative procedure called a Unanimous Consent request. To be considered in this manner, no Senator must object, and HELP Committee Chairman Lamar Alexander (R-TN) did object effectively killing the program, which expired September 30th.

The Senate could still take up the House extension bill that failed to get unanimous consent Wednesday, or Higher Education Act reauthorization could allow for a more permanent reinstatement of a program.

 

Perkins Extension Passes House, Still In Danger

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The House has passed by voice vote, HR 3594, a measure which would extend the Perkins program for a year until it may be fully considered with the impending Higher Education Act reauthorization, which is expected this fall and spring. The Perkins program would expire on September 30th without the extension.

The Perkins program is a critical tool that allows UW to combine federal funds with additional investment by the university to offer needy students fixed, low interest loans. UW receives more Perkins loan volume than any other public institution in the nation — about 4,700 recipients in the 2013-14 school year for UW.

While the measure passed the House, the fate of the program is unclear in the Senate. Senate HELP Committee Chair Lamar Alexander (R-TN) has expressed a desire to let the program simply expire, which is in line with his ultimate goal of one loan, one form for higher education. Expiration would effectively kill the program.

Senate Democrats are working on passing the measure by Unanimous Consent, but it is unclear if the measure will be considered in time (i.e. today).

Perkins Deal Reached

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The House and Senate have introduced bipartisan legislation to extend the Perkins program, which is set to expire in less than one week.

On the House side, Reps. Mike Bishop (R-MI) and Mark Pocan (D-WI) introduced bi-partisan legislation extending the authorization of the Perkins Loan Program, which is similar to a measure the duo introduced in June t. The measure,  HR 3594, Higher Education Extension Act of 2015, is expected to be considered and passed by the House next week.

 

Additionally, four Senate HELP Committee members introduced a bipartisan resolution today “expressing support for the continuation of the Federal Perkins Loan Program.” Senators Tammy Baldwin (D-WI), Rob Portman (R-OH), Robert P. Casey, Jr. (D-PA) and Susan Collins (R-ME) introduced a measure to express support to extend the Perkins program for this year. The introduction of the resolution signals broad support by the Senate to reauthorize the Perkins program for a year.

Perkins, the $1 billion campus-based loan program for exceptionally needy students, is just six days from expiring . While it has many backers in both chambers of Congress, most Republicans – including the House and Senate education committee chairmen – have shown no inclination to extend the program beyond Sept. 30.

The cost of the extension (approximately $250 million) will be paid for by limiting the grandfather clause, in that “grandfathered students” will only be able to take out Perkins loans through March 31, 2018 instead of throughout their entire academic career.

With the introduction of the pay-for and the bipartisan Senate resolution, the extending the program may move forward.

To read the House bill, click here.

To read the summary of the House bill, click here.

To read the bipartisan Senate resolution here.

ED Secretary Duncan Outlines HEA Agenda

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At a speech today at the University of Maryland Baltimore County, Education Secretary Arne Duncan outlined the Administration’s priorities for a higher education reauthorization.The bulk of the remarks focused on affordability, which has been a focus for the Obama Administration for nearly his whole tenure. Secretary Duncan reiterated the dual goals of paying for college and limiting college debt. He also focused on degree completion and the Administration’s goal that those that start college, finish college. Part of this formulation will be colleges and universities putting “skin in the game” and attaching federal student loan funding to the outputs of institutes of higher education, focusing on degree completion and graduates who get jobs. States will also have skin in the game and will be called upon to stop the disinvestment of higher education.

Read the remarks here.