Obama takes tougher stance on higher education

Obama urges more transparency about the cost of an education and the success of graduates.

Access to college has been the driving force in federal higher education policy for decades. But the Obama administration is pushing a fundamental agenda shift that aggressively brings a new question into the debate: What are people getting for their money?

Students with loans are graduating on average with more than $25,000 in debt. The federal government pours $140 billion annually into federal grants and loans.

Unemployment remains high, yet there are projected shortages in many industries with some high-tech companies already complaining about a lack of highly trained workers.…Read More

Duncan pushes back against private lenders

Duncan said he has "a lot of confidence in the Senate leadership to step up" and pass the direct lending bill.
Duncan said he has "a lot of confidence in the Senate leadership to step up" and pass the direct lending bill.

Responding to private lenders’ lobbying efforts against White House plans for direct federal loans, Education Secretary Arne Duncan said Feb. 17 that he trusts the U.S. Senate will pass the Student Aid and Fiscal Responsibility Act (SAFRA) and “end this boondoggle for banks.”

Five months after the U.S. House of Representatives passed SAFRA, senators have not voted on the bill, while private lending companies have organized town-hall style meetings and aired television ads opposing the bill in several states.

In an afternoon conference call with reporters on Feb. 17, Duncan emphasized that there isn’t a “drop dead date” for passage of the direct-lending legislation, and he promised that education officials are “in this for the long haul.”…Read More