(CNN) - Budget cuts are forcing districts to scale back on teachers and staff, resulting in larger class sizes and fewer school days, according to a White House report released Saturday.
More than 300,000 education jobs have been lost since the end of the recession in June 2009, said the report, which was prepared by the White House Council of Economic Advisers, Domestic Policy Council and National Economic Council.FULL STORY
(CNN) - Mitt Romney's suggestion that students struggling to pay for higher education should ask their parents for help was met with a tough retort in an ad released Tuesday from President Barack Obama's campaign: 'Get real.'
In the 30-second spot that the campaign says will air in Colorado, Iowa, Nevada, Ohio and Virginia, Romney is shown saying: "Take a risk, get the education, borrow money if you have to from your parents."
Washington (CNNMoney) – Congress is expected to vote Friday to extend low 3.4% interest rates on federally subsidized student loans for another year, barely beating a July 1 deadline when the rates would double.
Both the Senate and House were expected to pass the measure.FULL STORY
(CNN) - The top Senate leaders from each party Tuesday indicated they had reached an agreement to extend a rate cut on student loans but were waiting to hear whether House Republicans would accept the deal.
House GOP leaders are expected to discuss the issue with their members at a meeting Wednesday morning.FULL STORY
Washington (CNN) – With time running out for Congress to prevent a doubling of interest rates on federal student loans, the White House and Republican leaders exchanged accusations Thursday on who was to blame for the lack of an agreement.
President Barack Obama chided Republicans for holding up a deal with unreasonable demands, and he urged college students to continue raising their voices on the issue.FULL STORY
Washington (CNNMoney) - The deadline for Congress to extend the low 3.2% interest rate on student loans is fast approaching. But the Obama administration, eager to make college debt a re-election issue, is looking for a way to lessen the burden on graduates.
Last week, the White House rolled out a plan to make it easier for graduates to enroll in a special program that caps loan repayment, based on income.FULL STORY
Las Vegas (CNN) - President Barack Obama is trying to use social media to push his proposal to prevent interest rates on student loans from doubling at the end of the month.
While speaking to a crowd of 2,500 on the campus of University of Nevada-Las Vegas, he urged students Thursday to put pressure on Congress by writing on members' Facebook walls, and tweeting with the hashtag #dontdoublemy rate.FULL STORY
Washington (CNN) – The political battle over legislation to reduce the costs of student loans ramped up Thursday.
Democrats accused Republicans of walking away from an issue critical to middle-class Americans just as Republicans proposed several specific options to offset the billions of dollars needed to extend lower interest rates for another year.
(CNN) – President Barack Obama's re-election campaign continued to hound Mitt Romney Friday over his position that smaller class sizes may not be a key component for quality education.
Democratic Mayor Michael Nutter of Philadelphia, where Romney stopped the day prior to talk with teachers at a charter school, leveled heavy charges at the candidate, saying his policies were "out of touch," "misguided" and "backwards."
(CNN) - Mitt Romney, who is spending this week promoting a plan for America's public school system, spent Thursday morning defending his stance that smaller class sizes don't necessarily equate with better learning in schools.
Romney participated in an education roundtable at a charter school in Philadelphia the day after laying out his education plan to Latino small business owners in Washington. Romney's plan emphasizes school choice over other factors, including efforts to reduce the number of students in classrooms.