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Colleges Turn to Donors to Meet Aid Pledge Wall Street Journal May 13, 2008 Dozens of colleges and universities have announced efforts to overhaul their aid programs, and now they're working on funding those grand plans. While scholarships have always been a popular earmark for higher education philanthropists -- more than a third of restricted donations go to financial aid -- such gifts are being sought even more as schools ensure they can afford their much-lauded magnanimity.

Opposing view: Reduce financial burdens USA Today May 13, 2008 Webb's bill is the right legislation at the right time. It would ease transition, reduce financial burdens, and introduce educated and highly motivated employees into the American workplace. It has strong bipartisan support in Congress and the endorsement of every major veterans' organization.

Our view: Vets deserve better benefits, but don’t drain the military USA Today May 13, 2008 The most popular approach, championed by Sen. James Webb, D-Va., and leading veterans' groups, would give vets about $2,000 for every month spent in college. This is an appealing package. There are only two problems with it: It's not affordable, and it would worsen the volunteer military's already serious problem with retention.

Emerging Higher Ed Act Compromise Inside Higher Ed May 13, 2008 A small group of senators, representatives and their staffs are working at breakneck speed on compromise legislation to renew the Higher Education Act. But if a draft of the bill circulated this week is any indication, major issues remain unresolved and the measure could be a nightmare for colleges and the Education Department to carry out.

Borrowers' Uncertainty Has Colleges in Quandary Chronicle of Higher Education May 13, 2008 To avert a crisis, some colleges are developing contingency plans to help students enroll even if bank loans fall through. And some financial-aid advisers are urging families to tap home-equity lines now, before it's too late.

Blunt Federal Letters Tell Students They’re Security Threats New York Times May 13, 2008 A German graduate student in oceanography at M.I.T. applied to the Transportation Security Administration for a new ID card allowing him to work around ships and docks.  What the student received in return was a letter that not only turned him down but added an ominous warning from a security administration official: "I have determined that you pose a security threat."

As California weighs increases, private schools offering breaks San Diego Union-Tribune May 13, 2008 Ivy League and other elite colleges may soon be cheaper for some of the state's top students than California's public universities.  The governing boards for the California State University and University of California systems will consider increasing fees tomorrow.  The proposed increases come as a growing number of prestigious private schools have announced plans to replace loans with grants, cut tuition and roll out other financial aid deals.  (Regional emphasis)

College credit crunch eases Baltimore Sun - Column May 13, 2008 Finding the money for college during this widening credit crunch just got easier, thanks to emergency legislation signed by the president last week.  The new law raises the amounts that undergraduates can borrow under the federal student loan program. It also loosens the rules so parents who are behind on mortgage payments can still qualify for federal parent loans. And it gives them more time to repay parent loans.

Washington Takes Steps to Avert Student Loan Crisis NAICU Washington Update May 13, 2008 Both Congress and the administration took significant steps in the past 10 days to help avert a credit crisis in the student loan programs. In stark contrast to progress on the Higher Education Act, Congress acted with unusual alacrity to pass legislation designed to avoid a potential breakdown of the student loan system.

Massachusetts Looks at Nation's First Endowment Tax NAICU Washington Update May 13, 2008 Desperate to fill a budget gap, the Massachusetts legislature is considering a college endowment tax. The proposal, believed to be unprecedented in the United States, would apply to institutions with endowments larger than $1 billion.

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