Student loan rates must stay low, Republicans say
June 22nd, 2013
06:00 AM ET
1 year ago

Student loan rates must stay low, Republicans say

(CNN) – With about a week to go before interest rates jump on certain types of student loans, Republicans are again calling on the White House and Senate Democrats to approve a plan that would avert the spike.

On July 1, rates will almost double on nonsubsidized Stafford loans given to college undergraduates unless Congress works to avoid the jump. Obama has applied pressure on Republicans to adopt his own plan to avoid the rate increase, but Republicans argue Obama basically agrees with their approach, which would tie the student loan rate to economic factors instead of leaving it up to Congress.
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Filed under: Education • House Republicans
GOP: Education system 'congested' with mandates
June 15th, 2013
06:00 AM ET
1 year ago

GOP: Education system 'congested' with mandates

(CNN) - A Senate committee voted this week to move forward with a Democratic-backed education plan, but Republicans argue the proposal forces the country's school systems to further rely on the federal government.

"Over the last decade, the United States Department of Education has become so congested with federal mandates that it has actually become, in effect, a national school board," Sen. Lamar Alexander, R-Tennessee, said Saturday in the GOP weekly address.
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Filed under: Education • Lamar Alexander • Republicans
Don't double the interest rate on my student loan
June 12th, 2013
08:48 AM ET
1 year ago

Don't double the interest rate on my student loan

Washington (CNNMoney) – Brandon Anderson's student loan will get costlier by $1,000, come July 1 - that's when interest rates on the loans are slated to double.

Anderson is among 7 million undergraduates with a personal stake in the debate in Washington over whether to hold down, or let the 3.4% interest rate to double for undergraduates borrowing subsidized federal student loans.

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Filed under: Education
Keep student loan rates low, Republicans say in address
June 8th, 2013
06:00 AM ET
1 year ago

Keep student loan rates low, Republicans say in address

(CNN) – With less than a month to go before rates jump on some student loans, Republicans are returning pressure from the White House on whose plan is better to avert the spike.

Rep. Luke Messer, R-Indiana, accused President Barack Obama in the weekly Republican address of rejecting a House Republican plan on political grounds, saying the president himself had proposed a similar measure in his annual budget.
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Filed under: Education • GOP
May 31st, 2013
01:00 PM ET
1 year ago

Obama repeats strategy in student loan fight

Washington (CNN) – If at first you succeed, then by all means, try, try again.

President Barack Obama returned to a successful strategy from last year's election campaign by calling Friday for college students and their families to mount pressure on congressional Republicans to prevent a jump in some student loan rates set to occur on July 1.

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Filed under: Education • President Obama
7 million students brace for surge in loan rates
May 28th, 2013
07:19 AM ET
1 year ago

7 million students brace for surge in loan rates

Washington (CNNMoney) - On July 1, the interest rates on student loans subsidized by Uncle Sam will most likely double to 6.8%.

Congress and the White House agree that something should be done to prevent that. They don't agree on what.

FULL STORY

Filed under: Education
May 9th, 2013
07:19 PM ET
1 year ago

Sen. Warren proposes deep discounts for federal student loans

(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.

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Filed under: Education • Elizabeth Warren
Federal financial aid form to recognize same-sex parents
May 1st, 2013
07:31 AM ET
1 year ago

Federal financial aid form to recognize same-sex parents

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.

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Filed under: Education
Jeb Bush: Students should have the choice of digital schools
January 31st, 2013
10:10 AM ET
1 year ago

Jeb Bush: Students should have the choice of digital schools

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.

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Filed under: Education • Jeb Bush
Young adults fear budget cuts will hit loans
January 4th, 2013
07:40 AM ET
2 years ago

Young adults fear budget cuts will hit loans

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.

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Filed under: Education • President Obama
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