(CNN) - On average, student loan borrowers end up carrying debt loads of $27,000. The interest rate on federal student loans is set to double this summer if Congress does not do anything about it. Sen. Elizabeth Warren, D-Massachusetts, has introduced her first piece of legislation – a bill that would give a steep, temporary discount, taking the interest rate from 3.4% to less than 1%.
The U.S. government has been lending money at a rate of about 0.75% to financial institutions for years, said Warren.FULL STORY
New York (CNNMoney) - Even though the federal government doesn't recognize same-sex marriage, the Department of Education won't let this stance impact its financial aid decisions any longer.
Starting with the 2014-2015 Free Application for Federal Student Aid (FAFSA), the form college students use to apply for federal financial aid, the department will use income and financial information from both same-sex parents to determine aid eligibility.FULL STORY
Editor's note: Jeb Bush was governor of Florida from 1999 to 2007 and is chairman of the Foundation for Excellence in Education.
(CNN) – Kaleigh Fair had to make it work.
The Las Vegas teenager suffers from two different illnesses – one an excruciating immunodeficiency, the other a rare brain condition called Chiari malformation where portions of the brain protrude into the spinal cord.FULL STORY
New York (CNNMoney) - Young adults in America have reason to like the fiscal cliff deal, but they aren't celebrating yet.
The bill, which was signed into law by President Obama on Wednesday, kept a number of tax breaks for education and low wage earners that many young adults rely on. However, the deal merely put off budget cuts that could hurt key programs like education grants and job training programs.FULL STORY
(CNN) – Mitt Romney joked Tuesday about being "terribly partisan" during a question and answer session devoted to the subject of education.
Romney said as president, he wouldn't prevent teachers from going on strike, as they recently did in Chicago. But the GOP presidential nominee said he thought the influence of teachers' unions on the Democratic Party was bad for policy.
(CNN) – President Barack Obama, who was largely quiet on the recent teachers strike in Chicago, said in an interview that aired Tuesday he was glad the issue had been resolved and took aim at Mitt Romney's approach to the situation.
"Governor Romney and a number of folks try to politicize the issue and do a lot of teacher-bashing. When I meet teachers all across the country, so devoted and dedicated to their kids, and what we've tried to do is actually break through this left-right, conservative – liberal gridlock," Obama said on NBC's "Today."
Washington (CNNMoney) – In his re-election campaign, President Obama says he wants to cut the growth of college tuition in half over the next decade.
But he faces hurdles toward that goal over which he has little control, even if he wins Nov. 6: dire state budgets and a gridlocked Congress.FULL STORY
(CNN) – Mitt Romney implicated President Barack Obama Monday in the ongoing strike of teachers in Chicago, portraying his Democratic rival as bending to powerful teachers' unions at the expense of parents and students.
Romney's statement put him in the unlikely position of supporting Chicago Mayor Rahm Emanuel, a Democrat who previously served as Obama's chief of staff. Emanuel has been harshly criticized by union officials, who accuse the mayor of reneging on promises made to teachers, police officers and other civil servants.
Washington (CNN) - Class size and what it means to how kids learn has been a long and hotly contested issue. President Barack Obama and many educators believe smaller classes, with fewer students per teacher, are the way to go.
So his latest ad tries to school Mitt Romney on that subject.FULL STORY