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June 28, 2013
Federally Subsidized Student Loan Interest Rates Set to Double on July 1
Thursday night, time ran out for Congress to reach a deal to keep federally subsidized student loan interest rates from doubling. The Senate adjourned for its Fourth of July recess without voting on a plan; thus, the interest rates on new federally subsidized loans will double to 6.8 percent on Monday July 1st (the same…
June 26, 2013
Supreme Court Decision on Fisher v. University of Texas
On Monday, the Supreme Court ruled that Fisher v. University of Texas (UT), the case on UT Austin’s race-conscious admissions policy, be sent back to an appeals court for further scrutiny. The case stemmed from a lawsuit by Abigail Fisher, a white applicant to the university who claimed she was unfairly rejected due to UT Austin’s…
March 27, 2013
Supreme Court Takes Up Second Affirmative Action Case
The U.S. Supreme Court has agreed to consider whether a 2006 Michigan referendum to ban public colleges from using race or ethnicity in admissions is constitutional. This is the second affirmative-action case on the court’s docket —the first being Fisher v. University of Texas at Austin (discussed in a previous blog). If the Supreme Court…
February 26, 2013
Is All Merit Aid Meritorious?
Although there are many types of financial aid, it is typically awarded on the basis of either need or merit. Need-based aid is largely a result of a federal calculation and is somewhat predictable: to ensure access, students with more financial need receive more financial aid of various forms. And, although there is no universal definition of…
February 22, 2013
White Paper Focuses on Reforming Tax-based Aid
Many of the white papers sponsored by the Bill & Melinda Gates Foundation’s Reimagining Aid Design and Delivery project have focused on modifications to the Pell program and/or student loans and repayment (including the two I summarized previously, found here and here). However, the white paper released on Wednesday by the Center on Postsecondary and…
February 14, 2013
TICAS Paper Proposes New Approach to Federal Financial Aid
“Aligning the Means and the Ends: How to Improve Federal Student Aid and Increase College Access and Success” is the Institute for College Access & Success’s (TICAS) white paper for the Reimagining Aid Design and Delivery project, sponsored by the Bill & Melinda Gates Foundation (see our recent post for more information). Some of the report’s…
February 7, 2013
ACE Decides 5 MOOCs Deserve College Credit
Back in November, the American Council on Education (ACE) revealed a “wide-ranging” project to evaluate MOOCs’ academic potential and determine whether some MOOCs should be eligible for college credit. Our previous blog post provides additional background information. In the 11 weeks since that announcement, ACE reviewed five MOOCs offered by Coursera (one of the largest MOOC providers)…
February 4, 2013
New America Paper Recommends Major Overhaul of Financial Aid System
The Gates Foundation has joined the nation’s financial aid conversation and is attempting to rethink how policies and practices can not only help maintain access (in the face of flagging state support and rising tuition prices), but also help students succeed. In September of last year, the Gates Foundation launched its Reimagining Aid Design and…
January 8, 2013
Private-College Presidents Champion Need-Based Aid
Two years ago at the annual Council of Independent Colleges, a group of private-college presidents advocated for limiting the amount of financial aid awarded on criteria other than need—usually referred to as “merit-based” financial aid. Although the presidents received an enthusiastic response from the Council, little action followed. However, last Saturday at this year’s Council…
November 14, 2012
American Council on Education Will Review Whether Some MOOCs Deserve College Credit
Controversy has surrounded massive open online courses (MOOCs) since their inception. Some believe MOOCs will broaden access to higher education and bring down costs, while others fear the rush to embrace MOOCs may come at the expense of academic quality. To help settle this debate, the American Council on Education (ACE) revealed yesterday a “wide-ranging…
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