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"Senate Banking Committee Chair Tim Johnson (D-S.D.) is concerned about the economic impact of student loans on borrowers and their families and has called several government agencies to take coordinated action to address those issues, especially loan servicing and debt collection," Credit Union Times reports.
"Mississippi’s College Board gave final approval Thursday to plans for the state’s eight public universities to raise tuition by an average of 3.2 percent this fall," The Associated Press reports.
State funding for public institutions declined by 12 percent from 2003 to 2012 while tuition costs increased, making it more difficult for students and families to afford college, according to a recent report from the Government Accountability Office (GAO).
"Senators say forgiving student loans, paying teacher mentors a stipend and boosting some teachers' salaries could be ways to recruit and keep good teachers in South Carolina," The Associated Press reports.
"U.S. News has used exclusive data to analyze how successful colleges and universities have been at graduating their low-income students compared with their overall student bodies," according to U.S. News & World Report's Morse Code blog.
Arriving on the final official day of fall, the much-anticipated framework of the Obama administration’s planned college rating system is long on ambition but short on details. Less a fully-formed rating system and more an outline of what a final product might eventually look like, the framework offers about a dozen potential metrics being considered by the Department of Education (ED) and asks for feedback from the higher education community by February 17.
"There has been a proliferation of consumer information meant to help prospective students choose a college," The Chronicle of Higher Education reports.
"Utah college students are taking longer to graduate from four-year institutions than their peers nationwide. For many students, this translates into more student debt, a higher likelihood of dropping out, and long-term economic hardship to families and communities," the Deseret News reports.
"More than a decade of efforts to propel low-income and underserved students through community college have fallen short because states and colleges haven’t made systemwide commitments to strategies like streamlining degree requirements, accelerating remediation, and financially rewarding colleges for raising graduation and persistence rates, according to a report being released on Thursday by Jobs for the Future," The Chronicle of Higher Education.
"The college-ratings plan that the Education Department is releasing on Friday can best be described as incremental," The Chronicle of Higher Education reports.
"A coalition of 46 student, consumer, veterans and civil rights groups on Wednesday wrote to the Obama Administration and U.S. Department of Education to oppose the proposed sale of 56 Corinthian Colleges' campuses to ECMC, a nonprofit student loan guarantee agency," Inside Higher Ed reports.
"In a report due out on Friday, the Obama administration will offer its first public glimpse of a planned system for rating how well colleges perform, saying it plans to group schools into just three broad categories — good, bad and somewhere between," The New York Times reports.
2014 was quite a year for higher education, especially for student aid! Here’s a look back at some of the biggest events, issues, and news stories in the financial aid community.
"Pushing public colleges and universities to increase graduation rates has become a key objective for President Obama and California Gov. Jerry Brown, among others, as they seek to hold higher education institutions more accountable," the Los Angeles Times reports.
"A new infographic from enterprise security and backup specialist SysCloud looks at the risks higher education bodies face and how they can improve their levels of protection," Beta News reports.
 
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