financial aid
March 22, 2016
New OPB Brief on Income Share Agreements (ISAs)
Over the past few months, income share agreements (ISAs) have received significant attention from political candidates, higher education advocates, and news sources. A new OPB brief takes a closer look at ISAs by: Exploring differences between and the history of privately funded ISAs and publicly funded ISAs (such as Pay It Forward). Comparing ISAs to federal…
March 14, 2016
Special Session and Senate Second Supplemental Budget Offer
The House and Senate did not come to an agreement on a 2016 supplemental budget by the end of the 60-day regular session, which was slated to end March 10. Several news outlets reported the tense ending, which featured Governor Inslee vetoing 27 bills (see an example here). The Governor convened a 30-day special session,…
February 25, 2016
2016 Supplemental Budget Proposals
This week, leadership in the House and Senate released their respective supplemental operating and capital budget proposals for the current biennium (FY16 & FY17), which follow the December release of Governor Jay Inslee’s proposals. As a reminder, the House and Senate proposals will be amended before they pass their respective chambers. Please see the OPB…
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…
January 25, 2016
New York expands student loan forgiveness program to include lower earners
New York state has recently instituted the “Get on Your Feet” loan forgiveness program in an effort to keep young college graduates living and working in the state. The program, originally introduced as a part of Governor Cuomo’s 2015 Opportunity Agenda, is designed to help struggling recent graduates in the state pay back their student…
December 30, 2015
Higher Ed News Roundup
United States continues slide in global education rankings: A recent report released by the Organization for Economic Cooperation and Development (OECD) reveals that the United States continues to fall behind in educating its populace. The study shows that the US has dropped to fifth in the percentage of young adults, defined as those between age…
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,…
Governor Inslee’s 2016 Supplemental Operating and Capital Budgets
Governor Jay Inslee released his supplemental operating and capital budget proposals on Thursday, both of which include technical corrections and minor appropriation changes to the current 2015-17 biennial budgets (fiscal years 2016 and 2017). This budget release marks the first step of the 2016 legislative session – set to begin on Monday, January 11, 2016….
November 19, 2015
DOJ reaches largest-ever settlement with for-profit higher education provider
U.S. Attorney General Loretta Lynch announced on Monday that the Department of Justice (DOJ) has reached a settlement in its false claims case against the Education Management Corporation (EDMC), an operator of for-profit colleges and universities. The $95.5 million settlement is the largest ever in a higher education false claims case. EDMC will also forgive…
November 13, 2015
UC Plans to Expand Resident Undergraduate Enrollment
A recent story in the LA Times, “UC seeks to boost Californians’ enrollment by 10,000 by 2018,” outlined the University of California’s plan to expand resident undergraduate enrollment at their nine undergraduate campuses. Like many U.S. public universities that have faced significant state divestment during the recession, the UC system has enrolled more nonresident students…
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