"The head of New Mexico’s Higher Education Department urged state lawmakers Tuesday to come up with a balanced plan for shoring up the state’s lottery scholarship program, but said his agency will not bring forward its own proposal," the Albuquerque Journal reports.
"Haverford College officials are backing away from a pledge to ensure no students are forced to borrow money to attend the private liberal arts college," Inside Higher Ed reports.
"A full 13 percent of programs subject to the Education Department's latest 'gainful employment' proposal would fail its two-part test, putting them at risk of losing access to federal student aid, according to an analysis released by the department late Wednesday," The Chronicle of Higher Education reports.
"Grambling State University will continue to have access to federal financial aid programs and is working to fix oversight issues cited this week by the state legislative auditor, a school official said Tuesday," the Associated Press reports.
"Competency-based education appears to be higher education’s "next big thing." Yet many academics aren’t sure what it is. And that goes double for lawmakers and journalists," Inside Higher Ed reports.
"Caribbean medical schools would have a harder time accessing federal loans for their U.S. students under a bill U.S. Senator Richard Durbin plans to propose today," Bloomberg reports.
"Enrollments at American colleges slid slightly this fall as institutions faced a shrinking pool of high-school graduates at the same time that a slowly expanding economy was luring older students back to work, the National Student Clearinghouse Research Center reported on Thursday," The Chronicle of Higher Education reports.
"For nearly a decade, the university’s neediest students, who make up about 9 percent of U.Va. undergraduates, received enough funding so they could graduate without debt. Future students, however, will be required to take out loans, which they’ll have to repay. More than three months later, that rollback continues to generate resistance from higher-education advocates; U.Va.’s student government; past and current AccessUVa recipients, who say they have gathered 9,000 signatures on a petition asking to restore funding; and former rector and current board member Helen Dragas of Virginia Beach," The Virginian-Pilot reports.
"During this school year, the Monitor – in partnership with The Hechninger Report – will follow five New Rochelle seniors as they figure out what college they’ll attend and wrestle with an even more difficult question: How they’re going to pay for it," the Christian Science Monitor reports.
"Last month, Johns Hopkins [University] released a 'draft' of its Strategic Planning Final Report for the Krieger School of Arts and Sciences to graduate students, many of whom met it with immediate criticism. The plan proposes increasing funding packages for students to $30,000 a year for five years, including a summer stipend, from about $22,000, to 'compete against our wealthier rivals,'" Inside Higher Ed reports.
"Jeffrey T. Leeds co-authored a recent Journal op-ed opposing the Obama Administration's plan to measure the performance of colleges and then restrict federal aid to those schools the government claims are not providing adequate value. Mr. Leeds is participating in an online debate with Ben Miller of the New America Foundation," for The Wall Street Journal.
"We asked members of the Class of 2013 to tell us about the student debt they face, as well as their strategies for paying it down. Here’s a sampling of what they shared with us," The Wall Street Journal's Real Time Economics blog reports.
"Many aid officials believe they should have more discretion in restricting loans, and their national association has offered examples of how that could work," The Chronicle of Higher Education's Head Count reports.
Legislation introduced yesterday by Rep. Elijah Cummings (D-MD) seeks to improve existing net price calculators (NPC) and permits the Department of Education (ED) to develop a consumer-tested universal NPC. The Net Price Calculator Improvement Act seeks to correct some perceived shortcomings of NPCs by implementing a number of provisions-- several of which are recommended best practices by ED, but are not currently specified in the statute. Institutions who are already complying with these provisions would not be required to make any changes to their NPC.
Yesterday evening congressional leaders Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.) announced a budget deal for fiscal year (FY) 2014 (award year 2014-15) that would set spending at $1.012 trillion and partially replace scheduled sequestration cuts. Last year, sequestration impacted FWS, SEOG, TRIO, GEAR UP and origination fees. The deal, which would prevent another government shutdown, is expected to be voted on as early as Friday in the House.