Student Loans

Roundup: Week of July 16 - July 20

July 19, 2007 - 8:00pm

Senate Passes Bill to Cut Lender Subsidies

By a vote of 78 to 18, the Senate approved a budget reconciliation bill in the wee hours of Friday morning that would slash $18.3 billion from the subsidies that…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Banking on Ben (Nelson) and (Richard) Burr

July 18, 2007 - 8:00pm

Congress is inching closer to slashing overly generous subsidies the government provides student loan banks and increasing need-based student aid by a concomitant amount. Last week, the House approved a budget reconciliation bill that would reduce bank subsidies by $19-billion over five years and redirect the savings to expanded grant aid…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of July 9 - July 13

July 12, 2007 - 8:00pm

House Passes Bill to Cut Lender Subsidies and Help Students

Amid cheering, jeering and impassioned speeches, the House of Representatives approved legislation on Wednesday that would reduce lender subsidies by about $19 billion over five years and…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

A Turnkey Program

June 27, 2007 - 8:00pm

Supporters of a program that allows colleges to turn a profit from the Federal Family Education Loan (FFEL) program are understandably upset that the Senate is considering legislation that would phase it out.

After all, universities participating…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Pushing Back

June 26, 2007 - 8:00pm

The student loan industry is getting desperate. With Congress poised to significantly reduce the subsidies that private lenders receive for issuing government-backed loans, industry officials are making a last ditch attempt to persuade lawmakers that all of the corruption that has been uncovered over the last…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Let's Not Change the Subject

June 25, 2007 - 8:00pm

[This column, which is adapted from an op-ed appearing in the St. Louis Post-Dispatch, was written as a solicited response to a piece by Leslie Carbone of the Lexington Institute]

Student loan banks and their allies are trying to spin away the public's outrage over the discovery that private lenders have…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of June 18 - June 22

June 21, 2007 - 8:00pm

Senate Moves to Slash Loan Subsidies

The Senate Health, Education, Labor and Pensions Committee easily passed legislation on Wednesday that would reduce lender subsidies by over $18 billion over five years and use the savings to…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Congress Embraces New America's Loan Auction Proposal

June 20, 2007 - 8:00pm

The education committees in the House of Representatives and the Senate have now both embraced a proposal by the New America Foundation and Higher Ed Watch to use an auction mechanism to set the subsidy levels that the government provides private lenders to make federal student loans.

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of June 11 - June 15

June 14, 2007 - 8:00pm

House Committee Embraces New America's Loan Auction Proposal

The House Education and Labor Committee has embraced the New America Foundation's proposal to use an auction mechanism to set student loan subsidies. The Committee unanimously adopted…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Scare Tactics

June 13, 2007 - 8:00pm

Now that Congress is taking action to make college more affordable for students and their parents, the loan industry is once again doing what it does best: spreading fear to try to protect the overly-generous subsidies that lenders get from the federal government to…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

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