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In the administration and on the Hill, there are lots of moving parts on teacher education. Congress is currently working on the reauthorization of the Elementary and Secondary Education Act. Across town, the Department of Education is trying to promulgate regulations on teacher quality. And now out of the White House comes the President's FY 2013 budget, which proposes to reform teacher preparation through billions of dollars in K-12 and higher education funds.
The tentative deal between House and Senate leaders to extend the payroll tax break is getting major media coverage. Less often mentioned, however, is that the anticipated bill doesn't appear to roll in the extension of a set of expired tax breaks important to higher education - including the IRA charitable rollover and tuition deduction. The best guess is that addressing the already expired 2011 tax benefits will be shelved until late this year, to be considered when Congress looks at a larger list of expiring 2012 provisions.
After the roll-out of the administration's college affordability proposal on January 27, there were no big surprises in the President's FY 2013 budget, released February 13. In general, the President's budget slightly increases or level funds the core student aid programs. At the same time, it lays out some broader reform ideas for higher education that are more likely to be addressed in the next reauthorization of the Higher Education Act - rather than be implemented in an election year by a Congress in virtual stalemate.
An early-February hearing on college affordability offered an opportunity for Davidson College's president to take Senate Health, Education, Labor, and Pensions members under the hood of The Davidson Trust, which offers "no-loans" financial aid packages in meeting students' demonstrated need.
Once again, federal policymakers are searching for a simple consumer information tool to assist students and parents in selecting a college. This time it's a "College Scorecard" with information on a college's costs, graduation rate, student loan repayment and debt, and graduates' earnings potential - as well as comparative graphs on how the college compares to its peers in each area. A page on the White House website displays a preliminary prototype for the scorecard, and invites comments and suggestions.
NAICU is working with NAFSA: Association of International Educators, to spread the word about the importance of knowing the details of the bi-annual recertification process each college and university must complete to protect the international students enrolled at your institution. We encourage you to review products offered by NAFSA like the NAFSA Adviser's Manual that describes and explains the immigration rules and procedures that affect your ability to enroll international students, faculty, and researchers at your institution.
Some of President Obama's talking points were affirming news for higher education, while others were a stern lecture. While he highlighted the administration's commitment to student aid funding, and praised the affordability efforts of some institutions, he also offered an ominous warning: "If you can't stop tuition from going up, the funding you get from taxpayers will go down." Exactly how the rhetoric will translate into action is anyone's guess. But there are clues.
January 17 certain Federal Student Loan servicers began contacting borrowers eligible to consolidate their loans under a Special Direct Consolidation Loan program. This new, short-term opportunity is part of President Obama's initiative to reduce borrowers' cost of repaying student loans. The program is available to borrowers who meet certain conditions, and they must apply by June 30.
The Department of Education has now published the 2012-13 Federal Pell Grant Payment and Disbursement Schedules. The maximum Pell Grant for the 2012-13 award year remains $5,550, and in most cases, a student's Expected Family Contribution will be unchanged. However, modification of the way minimum Pell Grants are determined will mean that students with eligibility below 10 percent of the maximum grant will now receive no award at all.
A number of tax extenders - some of major importance to higher education - were considered during negotiations on the year-end bill extending the payroll tax cut, but ultimately weren't added to the final agreement. Now in the new session of Congress, the provisions - which include the IRA charitable rollover and deduction for higher education expenses - could be added to the next extension of the payroll tax cut, if Congress is able to agree to a one year extension, and if both the House and Senate agree on expanding the scope of the bill.
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