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  • Federal Financial Aid

    June 28, 2013

    Subsidized Student Loan Rates Double July 1

    Students applying for new federally subsidized student loans will see the interest rate double from 3.4 percent to 6.8 percent Monday after Congress failed to pass legislation preventing the automatic hike.

  • Federal Financial Aid

    May 27, 2013

    House Passes Student Loan Bill

    The House of Representatives voted 221-198 May 23 to approve the Smarter Solutions for Students Act (H.R. 1911), legislation intended to address the upcoming interest rate increase for subsidized student loans.

  • Pending Legislation

    May 23, 2013

    ACE Statement on Student Loan Interest Rate Bills

    Today, the U.S. House of Representatives took the first step toward preventing the scheduled July 1 doubling of the interest rates that students will be charged to take out federal student loans. We are pleased that H.R.1911 creates momentum for...

  • Federal Financial Aid

    May 20, 2013

    Student Loan Bill Moves Forward in House

    Action heated up in the House and Senate last week on the looming interest rate increase for subsidized student loans, which is slated to double from 3.4 percent to 6.8 percent July 1.

  • Federal Financial Aid

    May 15, 2013

    ACE, Higher Education Groups Offer Guiding Principles on Student Loan Reform

    ACE and 14 higher education associations release a statement of principles for lawmakers to consider as they craft legislation to address the looming interest rate increase for subsidized student loans.

  • Student Financial Aid

    May 13, 2013

    Paper Argues There Is Scant Evidence Proving Federal Aid Drives Up College Prices

    In a new monograph written for ACE, Donald E. Heller argues there is scant evidence of a relationship between changes in federal student aid and tuition increases.

  • Federal Financial Aid

    May 10, 2013

    FRIDAY BUZZ: Student Loan Interest Rate Proposals Emerge From Congress

    A range of legislative choices to revamp the federal student loan system emerged in Congress this week, as the interest rate on subsidized student loans is poised to double from 3.4 percent to 6.8 percent July 1.

  • Federal Financial Aid

    April 17, 2013

    ACE’s Hartle Testifies to House Panel Preparing for Higher Education Act Reauthorization

    ACE Senior Vice President Terry Hartle spoke before the House Subcommittee on Higher Education and Workforce Training April 16 at the hearing “Keeping College Within Reach: The Role of Federal Student Aid Programs.”

  • Budget and Appropriations

    April 10, 2013

    Obama’s FY 2014 Budget Proposes Changes to Federal Student Loans, Increases Research Funding

    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...

  • Budget and Appropriations

    March 25, 2013

    Senate Approves FY 2014 Budget Proposal

    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.