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Banks Don't Belong in the Student Loan Business
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Arne Duncan says that one cannot in good conscience let $87 billion in subsidies to banks to make student loans go to these banks at atime when these resources are badly needed to give students access to colleges and educational opportunities. $87 billion will be saved by ending the troubled FFEL program. The Education Department plans to substantially increase the PELL grant program and other financial aid for low ncome students, and to raise college graduation rates, and strengthen community colleges. And $10 billion will be applied to reduce the deficit.
The new Secretary of Education, Arne Duncan, and his plans for improving U.S. education.
12/16/2008
Obama and Arne Duncan's plans for American education.
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U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
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Arne Duncan: Better education starts with honesty about achievement gaps - The Washington Post
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Obama Outlines Plan for Education Overhaul
New York Times 03/11/2009
Arne Duncan and the Education Department's plan to save $87 billion going to banks for subsidies to make student loans.
01/28/2009
Arne Duncan wants to use the funds to help low income students and community colleges.
Grouped Articles
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Escaping the constraints of ‘No Child Left Behind’ - The Washington Post
Washington Post 01/07/2012
Wall Street Journal 08/23/2015
Banks Don't Belong in the Student Loan Business
Wall Street Journal 12/18/2009
For-Profit College Grads Also Earn a Life of Debt
BusinessWeek 01/06/2011
President Obama and Arne Duncan's community college intiative.
01/28/2009
Obama's proposal will invest $12 billion in savings from the federal education lending programs into community colleges. The idea is to expand graduation rates by about 5 million with certificate progras of 6months to ayear that would train people especially the jobless for new jobs in growing fields. Its crucial to meeting the growing mismatch between job requirements of jobs going unfilled and the qualifications of jobless people.
Grouped Articles
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 01/18/2014
Arne Duncan: Better education starts with honesty about achievement gaps - The Washington Post
Washington Post 01/24/2014
Ending the ‘Race to the Bottom’
New York Times 03/12/2009
Big Gap in College Graduation Rates for Rich and Poor, Study Finds
Wall Street Journal 02/05/2015
Obama Attacks on Economy and Seeks Billions for Community Colleges
New York Times 07/15/2009
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