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As the major coordinating body for all the nation's higher education institutions, the American Council on Education welcomes many of the proposals included in the president’s Fiscal Year 2014 Budget Request. In particular, by restoring the arbitrary and destructive cuts imposed by sequestration, the president has demonstrated that he recognizes that education and research are the building blocks of a stronger economy.
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The Army, Air Force and Marines have reopened their Tuition Assistance (TA) programs to service members following a congressional mandate in last month’s FY 2013 continuing resolution.
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President Obama released his budget proposal for FY 2014 today, which includes among the higher education provisions a proposal to move to a market-based interest rate on all federal student loans. This includes the interest rate on subsidized Stafford student loans, which are set to double to 6.8 percent July 1 if no action is taken.
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The Senate passed its first formal budget proposal in four years early Saturday, a plan which would fully fund Pell Grants and eliminate future shortfalls from the program, among other provisions of interest to higher education.
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The Senate voted 73-26 today to approve its version of the FY 2013 spending package (HR. 993) needed to fund the federal government through the end of the fiscal year on Sept. 30.
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ACE and 12 other higher education associations sent a letter to Defense Secretary Chuck Hagel today, requesting that he reconsider recent decisions by most branches of the military to suspend their Tuition Assistance (TA) programs.
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The Army and Marine Corps have announced they are suspending new enrollments in the their Tuition Assistance (TA) programs due to sequestration, the massive cuts to federal discretionary spending that took effect March 1.
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The members of the Business-Higher Education Forum (BHEF) have appealed to President Obama and congressional leaders to avert sequestration, the across-the-board federal spending cuts set to take effect March 1.