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UPI.com

Study: Looming Student Loan Crisis Could Be Worse Than Anticipated

Study: Looming Student Loan Crisis Could Be Worse Than Anticipated

January 19, 2018

Nearly 40 percent of students who entered college in 2004 may default on their student loan debt within five years, according to a new report.  The report, released last week by the Brookings Institute, a non-partisan think tank, analyzed 20 years of loan repayment data and concluded that the United States' looming student loan default crisis could be worse than previously expected. Default rates for students who attended for-profit colleges were particularly high. 
Nearly 40 percent of students who entered college in 2004 may default on their student loan debt within five years, according to a new report.  The report, released last week by the Brookings Institute, a non-partisan think tank, analyzed 20 years of loan repayment data and concluded that the United States' looming student loan default crisis could be worse than previously expected. Default rates for students who attended for-profit colleges were particularly high. 

January 19, 2018

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Bloomberg

The U.S. Needs a New (and Improved) Higher Education Act - Editorial

The U.S. Needs a New (and Improved) Higher Education Act - Editorial

January 19, 2018

The Editorial Board writes:  There's little doubt that the Higher Education Act, which affects more than $120 billion in annual federal spending, needs an update. Less clear is whether Republicans' proposed reforms will do more harm than good. The law, last revised a decade ago, sets the conditions under which federal student financial aid is disbursed. 
The Editorial Board writes:  There's little doubt that the Higher Education Act, which affects more than $120 billion in annual federal spending, needs an update. Less clear is whether Republicans' proposed reforms will do more harm than good. The law, last revised a decade ago, sets the conditions under which federal student financial aid is disbursed. 

January 19, 2018

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TheConversation.com

If You Thought Colleges Making the SAT Optional Would Level the Playing Field, Think Again - Commentary

If You Thought Colleges Making the SAT Optional Would Level the Pla...

January 19, 2018

Kelly Ochs Rosinger, assistant professor of education, Pennsylvania State University, writes: When colleges and universities began to make the SAT an optional part of the admissions process, the hope was that it would expand access to the nation’s most selective institutions to groups that had historically been shut out. The reality is – at least at selective liberal arts colleges – the decision by a growing number of colleges to make the SAT optional does not appear to be the great equalizer that many hoped it would be.
Kelly Ochs Rosinger, assistant professor of education, Pennsylvania State University, writes: When colleges and universities began to make the SAT an optional part of the admissions process, the hope was that it would expand access to the nation’s most selective institutions to groups that had historically been shut out. The reality is – at least at selective liberal arts colleges – the decision by a growing number of colleges to make the SAT optional does not appear to be the great equalizer that many hoped it would be.

January 19, 2018

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Wall Street Journal

Which Colleges Will Have to Pay Taxes on Their Endowment? Your Guess Might Not Be Right

Which Colleges Will Have to Pay Taxes on Their Endowment? Your Gues...

January 18, 2018

The Juilliard School, New York’s magnet for aspiring artists, is bracing for a 1.4% tax on income from its $1 billion endowment. Three miles away, Columbia University and its $10 billion endowment will remain untouched for now.  A college-endowment tax, enacted in December in the Tax Cuts and Jobs Act signed by President Donald Trump,  is causing confusion and frustration at schools across the country, which rely on the previously tax free-earnings when setting their budgets. Small liberal arts colleges will likely be hit disproportionately because many have sizable endowments but limited enrollment. The tax applies only to private schools with at least 500 students and at least $500,000 of investments per student.
The Juilliard School, New York’s magnet for aspiring artists, is bracing for a 1.4% tax on income from its $1 billion endowment. Three miles away, Columbia University and its $10 billion endowment will remain untouched for now.  A college-endowment tax, enacted in December in the Tax Cuts and Jobs Act signed by President Donald Trump,  is causing confusion and frustration at schools across the country, which rely on the previously tax free-earnings when setting their budgets. Small liberal arts colleges will likely be hit disproportionately because many have sizable endowments but limited enrollment. The tax applies only to private schools with at least 500 students and at least $500,000 of investments per student.

January 18, 2018

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Politico

Senators to Hear Ways to Simplify Student Aid

Senators to Hear Ways to Simplify Student Aid

January 18, 2018

The Senate education committee is getting back to work on rewriting the federal law governing higher education with a hearing this morning on ways to simplify student aid. Senators will hear from a panel of experts about "proposals to simplify the federal financial aid system to make it easier and more transparent for students," per the hearing announcement. The Senate has yet to lay out its proposal to reauthorize the Higher Education Act, and this morning's hearing could offer some clues as to what senators may end up pushing.
The Senate education committee is getting back to work on rewriting the federal law governing higher education with a hearing this morning on ways to simplify student aid. Senators will hear from a panel of experts about "proposals to simplify the federal financial aid system to make it easier and more transparent for students," per the hearing announcement. The Senate has yet to lay out its proposal to reauthorize the Higher Education Act, and this morning's hearing could offer some clues as to what senators may end up pushing.

January 18, 2018

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