federal funding
January 26, 2016
Obama administration announces plan to expand Pell Grant program
The Obama administration has introduced a plan to bring back year-round Pell Grants and to create a $300 bonus for Pell recipients taking at least 15 credits a semester. Both elements of the plan are designed to incentivize students to graduate faster and accrue less debt in school. The plan would cost $2 billion over…
December 21, 2015
Perkins Loan Program Temporarily Revived
Last week, Congress passed a bipartisan bill to extend the Federal Perkins Loan Program, which had expired in September. The bill authorizes new undergraduate applicants to join the program through September 2017, but only if they have exhausted all other federal borrowing options first. New graduate students will not be able to join the program,…
October 31, 2014
Final Gainful Employment Rule Removes Default Rate Metric
The Education Department’s (ED) final “gainful employment rule,” which was released yesterday, will hold vocational programs accountable to just one of the two outcome metrics that were proposed in the March draft rule. Cohort default rates (CDRs) were eliminated from the legislation, meaning that debt-to-earnings ratios will be the only criteria upon which individual career education…
October 9, 2014
UW Cohort Default Rate Remains Very Low Relative to National Average
The U.S. Department of Education (ED) recently released its annual update on federal student loan cohort default rates (CDRs), which measure the frequency with which student borrowers at all levels (undergraduate, graduate, etc.) default on their federal loans. Although the UW’s CDR rose while the national CDR declined, the UW’s rate still remains well below…
April 2, 2014
Ryan Budget Would Hurt Pell Grants and Student Loans
Representative Paul Ryan, the House Budget Chairman, released his FY15 budget proposal on Tuesday. The proposal would remove the in-school interest subsidy for all subsidized undergraduate student loans, eliminate mandatory funding for Pell Grants, and freeze the maximum Pell Grant award at $5,730 for the next 10 years. As Office of Federal Relations put it…
March 5, 2014
President Obama Releases His FY2015 Budget
Yesterday, March 4th, President Obama submitted his fiscal year 2015 budget request to Congress. The Institute for College Access & Success (TICAS) has published their analysis of the budget as has the Education Policy Program at New America. TICAS states that the President’s proposal “takes important steps towards making college affordable for Americans by reducing the need to…
September 9, 2013
ED Begins Negotiating New Gainful Employment Rule
On Monday, the U.S. Education Department (ED) began formal negotiationson the draft language of a proposed new “gainful employment” rule. The rule, originally published in 2011, was designed to enforce a requirement of the Higher Education Act that states career education programs—non-degree programs at all colleges and most degree programs at for-profit colleges—must “prepare students…
April 25, 2013
UW Ranks 1st among Public Schools and 2nd Overall for Federal R&D Funding
Of the nearly 900 schools that received federal money for research and development (R&D) in FY 2011, the UW ranks first among public institutions and second overall in terms of federal research funding. According to a study by the National Science Foundation (NSF), approximately 20 percent of all federal R&D support went to just 10…
March 21, 2013
March Washington State Revenue Forecast Remains Relatively Stable
On Wednesday, March 20, the Washington State Economic & Revenue Forecast Council (ERFC) released its quarterly update of State General Fund Revenues. Revenue from an anticipated increase in Washington housing permits and real estate excise tax receipts is expected to offset higher federal tax rates and spending cuts than were previously assumed. Overall, revenue projections for…
March 1, 2013
Sequestration Goes Into Effect at Midnight
Sequestration will take effect tonight at midnight. While the cuts will be smaller than originally mandated ($85 billion instead of $109 billion), the impact in federal FY13 will be higher since the cuts must now be applied to only seven months instead of nine. Immediate and long-term impacts on the UW and Washington State are…
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