Sep 27, 2007
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Thursday, September 27 , 2007
Bill May Increase Federal Financial Aid
By Gitanjali Hazarika Print this Page
Legislators from Wisconsin are hoping that President Bush will sign a bill to decrease student loan interest rates and increase student grant eligibility this week.

If passed, this piece of legislation, the College Cost Reduction Act of 2007 (H.R. 2669), will provide the single largest investment in higher education since the 1944 GI Bill. If the bill is signed into law, nearly 70,000 Wisconsin college students will benefit from a boost to their share of federal financial aid. Almost 68,000 of the 76,000 Wisconsin students who take out loans to attend college each year receive Pell Grants.

Introduced by U.S. Rep. Steve Kagen (D-WI), the College Cost Reduction Act was overwhelmingly approved in both the House and the Senate and is expected to go into effect next month. The bill aims to increase Pell Grants without burdening taxpayers by reducing interest rates on student loans by half over the next four years.

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College Board Study: The Benefits of Higher Education

By Roshan Tolani

The College Board recently released a report on a study it conducted regarding the rewards higher education offers to individuals, their families, and society.

The report, titled "Education Pays: The Benefits of Higher Education for Individuals and Society," was released during a panel discussion on Capitol Hill. It reveals that citizens who complete higher education receive more monetary and non-monetary benefits. It also says that college graduates help other individuals in their communities.

The first part of the College Board report highlights several positives associated with higher education, while the second part focuses on statistics. The report also sheds light on prevailing demographic disparities in postsecondary education.

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Carson to introduce bill targeting textbook costs

Publishers and universities will be required to disclose their hidden textbook costs if Rep. Julia Carson (D-IN) has her way. Carson is expected to table a bill shortly that will create "an open discourse on the costs of higher education and eventually ensure that students will be able to access affordable study materials." The escalating costs of textbooks are making acquiring a college education difficult for many students, says a report published by the Government Accountability Office. The average price students at four-year institutions have to pay for their textbooks—approximately $898—is calculated to be equal to almost 27% of their tuition costs.
Stanford develops International Outreach Program

A new International Outreach Program (IOP) at Stanford University headed by Reinhold Steinbeck is reinventing methods for helping students learn. In a joint effort by Stanford University and several African and Latin American universities, researchers are looking for new ways to prepare "students for work in the borderless world of the future." The IOP, which is based at the Freeman Spogli Institute for International Studies (FSI), is supporting the pilot project under the guidance of political science professor Coit Blacker.

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