Weekly Roundup

Senate Prepares to Fight Bush on Labor, HHS, Ed BillThe Senate set up a potential showdown with President Bush over spending following the passage Tuesday of the 2008 appropriations bill that finances the Departments…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.

MOHELA Audit Uncovers Untamed Spending

Lavish Christmas gifts, expensive board retreats, and inflated severance packages were just a few instances of profligate spending uncovered during an audit of Missouri's student loan agency. According to the audit, the…

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Hillary Clinton Includes Two New America Policy Proposals in Her Education Plan

Two New America policy proposals: required multi-year tuition levels and greater use of endowments to

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Wealthy College Endowments Keep Increasing

The endowments of the nation's wealthiest universities continue to soar. Stanford University reported this week that its endowment grew by 23 percent to a staggering $17.2 billion in the 2007 fiscal…

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OECD Report Finds Other Countries Catching Up to U.S. in Higher Ed

Though the United States continues to lead the world in its proportion of college-educated citizens, other countries are quickly catching up, according to a report released…

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Consolidation, Katrina Help Loan Default Rates Fall

The rate at which students default on their federal student loans has fallen to 4.6 percent, the Department of Education announced Monday. The new rate, for the 2005 fiscal…

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Bush to Sign Reconciliation Bill

As Higher Ed Watch predicted, President Bush has dropped his threat to veto legislation Congressional Democrats finalized this week that would slash lender subsidies, cut the interest rate on federally subsidized student…

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College Board Provided Gifts to Get on Preferred Lender Lists, Settlement with Connecticut AG Reveals

A week after the College Board announced it was leaving the student loan business, three colleges reached settlements with

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9.5% Program Cost Taxpayers $3.5 Billion Since 2001

From 2001 to 2006 the Department of Education paid out $3.5 billion under a subsidy program designed to guarantee nonprofit student loan providers a 9.5 percent rate of return, the

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Study Abroad Becomes Next Target of Cuomo Probe

Many of the same improprieties that have been uncovered in the student loan industry are also occurring between colleges and companies that offer study abroad programs, according to The New…

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