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Obama Budget Invests Heavily in Education
By Dana Chivvis - AOL NewsPresident Barack Obama unveiled his fiscal year 2012 budget today at Parkville Middle School and Center for Technology in Baltimore to underscore his commitment to investing in education. "This week, I'll be talking about the need to invest in education -- in places like Parkville -- so that every American is equipped to compete with any worker, anywhere in the world," Obama said. The White House plan allots $77.4 billion in funding for the Education Department -- significantly more money than most other federal agencies would receive if Congress approves the budget. The $48.8 billion in ...
Obama Wants to Trim Pell Grants, Official Says
By not in system - AOL NewsWASHINGTON -- President Barack Obama's budget plan would cut $100 billion from Pell Grants over a decade through belt-tightening but use the savings to keep the maximum college financial aid award at $5,550, an administration official said. Most of the projected savings, more than $90 billion, would be achieved through two changes, said the official, who spoke on condition of anonymity ahead of Monday's release of Obama's 2012 budget. The spending plan applies to the budget year that begins Oct. 1. Congress would have to approve both changes. The first proposal would end the "year-round ...
Obama Calls for a New 'Sputnik Moment' for America
By Mary C. Curtis - Politics DailyWINSTON-SALEM, North Carolina -- President Barack Obama couldn't escape the East Coast cold snap on his short trip south on Monday. ("What's snow doing on the ground in North Carolina?" he jokingly asked.) But his warm welcome at Forsyth Technical Community College was far different than the cold shoulder he's been getting from Republicans in Congress. The president came to a state whose economy has been transformed by the departure of the textile and furniture industries that once provided reliable employment for high school graduates. And he came to Forsyth to celebrate the 50th anniversary ...
For-Profit Colleges Brace for Drop in Enrollment
By Julia Edwards - Politics DailyAmericans who had their sights set on attending colleges with online classes, flexible hours and the promise of a job after graduation may be changing their plans come 2011. The nation's largest for-profit college, University of Phoenix, announced recently that it is expecting a possible 40 percent drop in enrollment in November. The decrease in demand has been triggered by increased competition, as well as the likelihood that the Department of Education will implement new regulations in January that could change school recruiting practices and reduce the availability of Pell Grants to ...
For-Profit Colleges' Graduation Rates at Center of Senate Panel Storm
By Julia Edwards - Politics DailyA Senate committee sent a clear message to for-profit colleges last week: With drop-out rates averaging 57 percent, too many career schools are are gambling with students' lives and American tax dollars. The hearing by the Committee on Health Labor Education and Pensions on Thursday was the third in a series to shed light on an industry accused of taking advantage of low-income applicants by turning out more unpaid loans than graduates. A study prepared by the committee reported 94.4 percent of students attending for-profit schools take out loans, compared to 16.6 percent attending community ...
Obama on Campus: Cramming to Reclaim the College Vote by Midterms
By Alex Wagner - Politics DailyFor a few minutes on Monday afternoon, President Barack Obama slipped back into his former self. On the phone with a group of student journalists, he had already made the case for his administration's accomplishments -- the ways in which his White House had tackled concerns relating to education, health care and the economy. But he wanted his young audience to be very clear about what's at stake. And so, adopting the gently authoritarian tone of a college professor, the president announced: "You can't sit it out. You can't suddenly just check in once every 10 years or so -- on an exciting ...
Obama in Texas: Making America No. 1 in Education
By Alex Wagner - Politics DailyCalling education "the economic issue of our time," President Obama on Monday laid out a national strategy to lift graduation rates, make college more affordable and prepare America's graduates to succeed in the 21st century. In a speech at the University of Texas at Austin, Obama spoke to a crowd of orange-clad Longhorns to make the case for improving American education, saying it was "a prerequisite for prosperity." Highlighting the country's decline from first to 12th-place in college-graduation rates for young adults, Obama called for the United States to produce "8 million more college ...
Opinion: Making College Affordable Again
By not in system - AOL News(Dec. 24) – Over the next few weeks, high school seniors will start sending off their college applications, hoping in return to get fat envelopes offering admission. But for many, getting admitted to the college of their dreams might prove bittersweet. With states slashing their higher-education budgets and jacking up tuition, families are finding it increasingly difficult to pay for college, and a growing number of students now must take out massive amounts of debt in order to graduate. One study released this month finds that the average debt for the class of 2008 topped $23,200, up ...
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