Yesterday morning the House passed the Smarter Solutions for Students Act (H.R. 1911) by a vote of 221 to 198, roughly along party lines. H.R. 1911 would tie the interest rates on student loans to market rates by using a formula based on the 10-year Treasury note plus an add-on of 2.5 percent for Stafford loans (with a cap of 8.5 percent), and an add-on of 4 […]
Late in March, a task force of 17 NASFAA members forwarded an initial list of 61 recommendations for changes to the Higher Education Act in the upcoming Reauthorization to the NASFAA Board of Directors. The Board accepted most of those recommendations, although it requested that some be further developed. This is the third in a series of articles that highli […]
"Community colleges have received a declining share of government spending on higher education over the last decade even as their student bodies have become poorer and more heavily African-American and Latino, according to a report to be released Thursday," The New York Times reports.
"Given the hard economic times, some students opt to keep college debt down by beginning their postsecondary education at a community college. But a recently released four-page report by the Texas Guaranteed Student Loan Corporation (TG) calls into question the notion that beginning at a community college and transferring to a four-year university will […]