| US: Student loan reform will improve funding | |
 While the passage in the House of Representatives of theHealth Care and Education Affordability Reconciliation Act last week will fundamentally reshape the US healthcare system, it will also improve the way students fund their post-secondary education.But the student aid legislation fell short of its earlier iteration in the Student Aid and Fiscal Responsibility Act. That legislation was passed, with nearly two-thirds' support in the House last September, but was then stalled in the Senate. Among the provisions not adopted in the latest bill were the Perkins loan program, the American graduation initiative and the college access and completion fund. These were all part of the Obama administration's highly touted attempt to increase accountability among institutions in exchange for funds and the number of college graduates by five million by 2020. Other sacrifices included drastically cutting the $12 billion promised to community colleges in September to $2 billion. Although disappointed, community colleges leaders also acknowledged that, in the current economic situation, any funding was good. Eduardo J MartÃ, President of Queensborough Community College, part of the City University of New York system, said: "This is the very firs |
Sunday, March 28, 2010
University World News - US: Student loan reform will improve funding
University World News - US: Student loan reform will improve funding
