Thursday, August 25, 2005

College Groups Say: Change HEA!

Seven groups representing colleges have issued a position paper asking the Senate to come up with a better version of HEA reauthorization than the House did. Their priorities are this:

The Ed Dept. is supposed to cut $13 billion. $11 billion of that is currently coming from programs that help kids pay for college. Only $2 billion is coming out of teachers' pensions; surely you can think of a more equitable distribution.

The House bill favors for-profit schools and includes a couple of sneaky changes that will make direct loans look more expensive vis-a-vis private loans. Who benefits from that? That's right, the lenders, higher education's biggest lobbyists.

I'll be interested to see what the Senate comes up with.

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