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Federal Financial Aid
June 28, 2013
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.
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Federal Financial Aid
May 27, 2013
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.
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Pending Legislation
May 23, 2013
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...
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Federal Financial Aid
May 20, 2013
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.
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Federal Financial Aid
May 15, 2013
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.
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Student Financial Aid
May 13, 2013
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.
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Federal Financial Aid
May 10, 2013
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.
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Federal Financial Aid
April 17, 2013
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.”
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Budget and Appropriations
April 10, 2013
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...
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Budget and Appropriations
March 25, 2013
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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