House would cut
student aid more than budget blueprint reveals
Turns out the budget outlook for student aid is even bleaker than it
seemed. On Tuesday, Republican leaders in the U.S. House of
Representatives released a spending blueprint that would freeze the
maximum Pell Grant for 10 years and roll back some recent expansions
of the program. On Wednesday they revealed that their plan would also
abolish the in-school interest subsidy on Stafford loans, reverse a recent
expansion of income-based repayment, and end public-sector loan
forgiveness. Those cuts in the federal student-loan programs don’t
appear in a budget document that the House Budget Committee released on
Tuesday. But when Rep. Mark Pocan, Democrat of Wisconsin, asked during a
markup session on Wednesday if such changes were assumed in the measure, a
committee aide confirmed that they were. Taken together, the three
changes would save taxpayers more than $61 billion over 10 years, according
to budget estimates. But they would also make student loans more expensive
for borrowers.
The Chronicle of Higher Education, March 19, 2015
7 arrested
protesting higher ed cuts at Senate hearing
A group of demonstrators interrupted a U.S. Senate Budget Committee hearing
Wednesday, decrying proposed reductions in higher education spending in the
budget blueprints released this week by Congressional
Republicans. United States Capitol Police escorted the demonstrators from
the hearing room as they chanted, “No cuts, no fees, education should
be free.” Seven individuals were arrested, according to public information
officer Shennell Antrobus, who said they would each be charged with
"crowding, obstructing or incommoding," a misdemeanor under
District of Columbia law.
Inside Higher Ed, March 19, 2015
GOP would
freeze Pell
Kicking off what will likely be months of contentious budget battles,
Republicans in the U.S. House of Representatives on Tuesday released a 2016
funding blueprint that calls for freezing the maximum Pell Grant award.
The proposal, which was spearheaded by the House budget committee chairman,
Representative Tom Price of Georgia, would keep the maximum Pell award at
the current $5,775 for the next 10 years. It is part of an overall plan
that seeks deep cuts in domestic spending in order to bring the federal
government’s expenditures into balance with its revenue over the next
decade.
Inside Higher Ed, March 18, 2015
Opinion: A
welcome ‘Bill of Rights’ for student loans
I’m a glass-half-empty person by nature. It’s not that I’m overly
pessimistic, but when I focus on the negative, it serves to make me work
harder to fix or change something. So with that mindset, after reading
President Barack Obama’s “Student Aid Bill of Rights” memorandum last week,
I first saw what it doesn’t do. It doesn’t adequately address the problem
of the rising student loan debt that is now an astounding $1.3 trillion. It
swipes at the issue, but there aren’t any concrete solutions to the rising
costs in higher education that have already indebted so many.
Everett Herald Business Journal, March 17, 2015
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