Rep. John Kline, who chairs the House Education and Workforce Committee, slammed President Obama’s plan for student loan relief Monday as a “mistake,” saying it will do nothing to help workers looking for jobs.
DENVER– As anticipated, President Barack Obama detailed his plan Wednesday to use an executive order to ease the burden of student loan debt for millions of Americans during a Wednesday address at the Auraria Higher Education Center.
Student loan defaults are on the rise, according to a new federal tracking system. For students who began repaying their loans in 2008, 13.8 percent have since defaulted. For profit institutions had 25 percent of their graduates defaulting after three years, and public four-year colleges had 10.8 percent of their More…
People with recently-acquired disabilities have been swimming through an endless sea of red tape to get the U.S. Department of Education to forgive their student loans. And in a joint investigation, ProPublica and the Center for Public Integrity uncovered evidence that the department has been repeatedly rejecting applications for More…
The North Carolina Independent News reported this week on the new chair of the U.S. House Subcommittee on Higher Education, Lifelong Learning, and Competitiveness, North Carolina Republican Rep. Virginia Foxx and her priorities for the new U.S. Congress. MSNBC’s Rachel Maddow took notice and included it
Today, there are two stories worth reading on the nexus of big finance and education. The first, in The Chronicle of Higher Education, reports that Nelnet — a Nebraska-based lending conglomerate — Sallie Mae, and other lenders will pay fines for defrauding taxpayers out of $1 billion:
President Obama this morning finalized (sort of) the Democrats’ sweeping health care reforms, signing into law the reconciliation bill that refines the larger reforms he enacted last week. Aside from tweaking the Senate’s version of the health care bill, the reconciliation measure also includes More…
For the second time this week, the House tonight passed a health care reform bill designed to complement the larger reform package that President Obama signed into law Tuesday.
The vote was a technicality. The House had passed the bill Sunday night, sending it over to the Senate. More…
David M. Herszenhorn at The New York Times points out a curious thing happening in the midst of the debate over student lending reform: Although the plan to eliminate billions of dollars in taxpayer subsidies to private lenders originated, by some accounts, with President Bill Clinton, it’s now More…
As Capitol Hill Democrats consider proposals to pull the country out of its huge deficit hole, they’re repeatedly running into a formidable impediment: themselves.
On issues as diverse as health care and student lending, provisions designed to rein in deficit spending have all run smack into the ubiquitous inclination of More…
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