"In his State of the Union address Tuesday, President Obama promised to make college more affordable for low- and middle-income families. But one way he would pay for that would be to make college more expensive for millions of upper-income Americans," Time's Money reports.
One of the goals of the proposed federal college ratings system is to serve as a resource for students as they make decisions on where to apply and enroll. But what would those constituents consider useful? Chegg, a “connected learning platform” possibly best known for textbook rentals, has asked.
"A small group of immigrant advocates gathered Wednesday to watch Gov. Andrew M. Cuomo's State of the State speech at a restaurant in Deer Park, following a months-long push to get Cuomo to include funding for tuition aid to 'Dreamers' -- immigrant students in the country illegally or whose deportations have been deferred," Newsday reports.
"President Barack Obama’s proposal to scale back the tax benefits of college savings accounts is running into opposition from Republicans in Congress who say they have no intention of raising taxes on families trying to save money for their children’s education," The Associated Press reports.
"The words zero and cost stood out in President Obama’s State of the Union address last night, but many higher education experts feel uneasy about a proposal to make community college more affordable," Newsweek reports.
"Sixty-billion dollars for free community-college tuition will undoubtedly be a tough sell to a Republican-controlled Congress. But in statehouses and city halls around the country, advocates for free tuition are hoping that the national discussion the president’s proposal has unleashed will help them make the case that government-funded education should extend beyond 12th grade to include two years of college," The Chronicle of Higher Education reports.
"President Obama is pitching his new tax plan as a way to help the middle class at the expense of the rich. But middle-class savers are bound to notice if he achieves two of the White House’s stated goals—to 'roll back' tax benefits of 529 college savings plans and 'repeal tax incentives going forward' for Coverdell Education Savings Accounts," according to a Wall Street Journal editorial.
"If you were listening for new higher-ed ideas in the State of the Union last night, you probably felt like it was 2009 all over again," Andrew Kelly, director of the American Enterprise Institute's Center on Higher Education Reform, writes in the National Review Online's The Corner.
The updated poverty guidelines, released Thursday by the U.S. Department of Health and Human Services (HHS), reflect increases in the Consumer Price Index for All Urban Consumers (CPI-U) for 2015. The poverty guidelines are developed using the same data that is collected and used by the U.S. Census Bureau in preparing its poverty thresholds, or estimates of the number of individuals and families in poverty. These guidelines are used as financial eligibility criterion by many federal programs, including income-driven repayment plans such as Income-Based Repayment (IBR) and Pay As You Earn (PAYE).
In an effort to better inform the discussions of the Servicing Issues Task Force, NASFAA conducted a membership survey on the pervasiveness of problems related to loan servicing in the following areas: application of payments and prepayments, options and processes related to deferment, forbearance, consolidation, and income-driven repayment plans. Read on for some key findings from this survey and keep an eye on Today's News in early February for a report containing the policy recommendations that have been approved by the NASFAA Board of Directors.