Updated at 8:12 p.m. ET on 8/22
Binghamton, New York (CNN) - President Barack Obama kicked off a two day bus tour in upstate New York Thursday, unveiling plans to change the way the federal government will award federal student aid to colleges and universities.
Complaining that "college has never been more expensive," the president said to students at the University at Buffalo that "a higher education is the single best investment you can make in your future."
Washington (CNNMoney) – Federal spending cuts are hitting 57,000 children who would have started preschool in the next few weeks.
The Administration for Children and Families reported Monday that 51,299 fewer children will begin Head Start preschool programs and 5,966 fewer toddlers will enter Early Head Start programs due to the $85 billion in federal budget cuts called sequester.FULL STORY
Boston (CNN) - Members of the Republican National Committee backed a resolution Friday calling on state legislatures to pass legislation "supporting the changing and teaching" of American history to put a greater emphasis on the country's "founding principles."
"School children of the United States of America should understand the sacrifice that has been made for the God-given liberty so that a strong Constitutional Republic in the United States may be secured for future generations," reads the resolution, which passed by a voice vote at Friday's general session of the RNC.
Washington (CNN) – President Barack Obama signed bipartisan legislation into law Friday that will temporarily reduce rates people pay on their student loans from the government.
In the immediate, interest rates will go down to 3.86% for undergraduate students and 5.41% for graduate students.
Washington (CNNMoney) - The House on Wednesday approved a bipartisan that ensures lower interest rates on loans for students heading to college this fall.
Members of the House voted 392 to 31 to lower rates for undergraduates taking out government loans this school year to 3.86% - cheaper than the 6.8% interest rate that kicked in on July 1. The new rates would be retroactive and apply to loans taken out after July 1.FULL STORY
Washington (CNNMoney) - The Senate on Wednesday approved a bipartisan deal that ensures lower interest rates on loans for students heading to college this fall.
Senators voted 81 to 18 to lower interest rates for undergraduates taking out government loans this school year to 3.86% - cheaper than the 6.8% interest rate that kicked in on July 1. The new rates would be retroactive and apply to loans taken out after July 1.FULL STORY
Washington (CNN) – A Republican-backed attempt to give local and state governments greater power over their school systems, while reducing federal education funding, passed the U.S. House on Friday, though it was expected to face Democratic resistance in the Senate and President Barack Obama has vowed to reject it.
The measure was the first major attempt to replace the “No Child Left Behind” law that was signed by President George W. Bush in 2002, but later expired and has not been renewed.
Washington (CNNMoney) - A bipartisan deal on student loans announced by a group of senators Thursday will help students, but only in the short-term.
According to the deal, undergraduates taking out loans this fall will pay just 3.86% in interest on new loans for this school year - cheaper than the 6.8% interest rate that kicked in on July 1. The new rates would apply for loans taken out after July 1.FULL STORY
Washington (CNN) - A bipartisan group of senators reached a tentative agreement on a student loans package Wednesday night, multiple aides from each party said.
Sen. Tom Harkin, Democratic chairman of the committee that oversees federal education programs, agreed to the deal, one of those sources close to the negotiations told CNN.FULL STORY
Washington (CNNMoney) – A bipartisan group of senators has reached a tentative deal to help students facing a doubling of interest rates to 6.8% on government-backed student loans.
The deal, which would have to pass a Senate vote, calls for interest rates on all government Stafford loans for students to be pegged to rates on the 10-year U.S. Treasury note, according to multiple sources close to the negotiations.FULL STORY