...Federal student loans remain readily
available -- with some funding even increased recently by Congress.
But the prospect that grants and scholarships may be cut at many
schools, combined with the shrinking availability of private loans,
has fueled widespread angst at a time when more people than ever
are seeking help. Applications for federal aid for the current academic
year already are running 10% above last year's record pace, according
to the Department of Education...
"Priming the pump," Editorial, Washington Post, Jan. 25.
...Much of the stimulus bill does not really claim to deliver a short-term boost to the economy. Provisions to develop a "smart grid" for electricity and to enhance scientific research, alternative energy development and education seek to boost the economy's long-term efficiency, and, hence, its capacity to grow. We are sympathetic to the objective, and there might be much to recommend each of the various proposals. But given their cost, and the inherent difficulty of forecasting their impact, Congress should vet them through the normal legislative process, weigh them against other priorities and pay for them...
College leaders confident that the federal
government's economic stimulus package would pour billions of dollars
into higher education should probably take a deep breath. A version
of the legislation introduced in the Senate Friday would be somewhat
less generous to colleges and students than the financial package
unveiled by the House the week before, and while President Obama
emphasized science and student aid in laying out his own plan Saturday,
Republicans are balking at many of the spending proposals that would
most benefit higher education...
The number of applicants for freshman and transfer admission to the University of California for fall 2009 has hit record highs, even as UC prepares to reduce freshmen enrollment, officials announced today...
Although lawmakers continue to argue over how to resolve the state's fiscal crisis, they already have endorsed $6 billion in spending cuts that provide a painful preview of what is likely to be in store for Californians. The proposed cuts would mean that money for the state's university systems would decrease...
..."Time and compassion" are two of the most important things a financial-aid office can offer right now, said Joseph A. Russo, director of student financial strategies at the University of Notre Dame. And one of the best ways to do that is by extending deadlines for tuition payments, he said. Colleges could also consider giving their students no-interest or low-interest institutional loans, Mr. Russo said. In fact, they are essentially doing so if they extend tuition-payment deadlines... (paid subscription required)