Notice: Undefined index: articledetail in /home/utils/securefiles/securecode/utl_article.cls.php on line 646
Commission Finalizes Report |
College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider

Commission Finalizes Report
by Amy Wong
Washington, D.C. - After 11 grueling months, eight meetings, and numerous emails, the Commission on the Future of Higher Education has finally agreed to send their final report to U.S. Education Secretary Margaret Spellings.

The Commission, formed by Spellings, is comprised of a diverse and influential membership. The final report provides recommendations to the White House and state government on how to make higher education more accessible, affordable, accountable, and globally competitive.

However, the report's influential power has been greatly weakened by the criticism surrounding it. After blaming educational ills on universities, the first draft drew heated responses from many higher education organizations. The final draft maintains, albeit with delicate wording, its original point: that universities' high spending is responsible for decreased college enrollment.

David Ward, president of the American Council on Education, was the sole dissenter among 18 proponents of the report. He argued that the report singled out expensive colleges as the culprit when, in actuality, there are many other contributing factors that explain the drop in college enrollment. The report took on a "one size fits all" approach to improving a highly diverse educational system.

Ward continued, "Change in higher education is needed, but we need to get it right and, above all, do no harm. I believe I can be more effective in this continuing dialogue if I am free to contest some aspects of this report."

Robert M. Zemsky, chairman of the Learning Alliance for Higher Education, voted in support of the bill but harbored similar concerns regarding the report. Concurring with Ward, Zemsky argued that the report should not focus on higher education's flaws. Rather, recommendations should build on its strengths.

Zemsky acknowledged a great number of "people who are hostile" and "no longer believe" in the Commission. Blaming colleges for educational problems has created great animosity, "so [that] we have more than heavy lifting to do. We have trust building as well."

By concentrating on the faults of educational institutions, the report neglected to address other pressing matters. While colleges hike up tuition prices, the government has decreased the amount of student financial aid.

Unable to afford college, many students are taking out large loans. The report did not recommend improvements to the student loan industry, thus allowing the burden of student debt increase further.

In an attempt to cut college administrative costs and reduce tuition, several organizations have suggested the removal of standardized testing, but the Commission has left this concern unaddressed.

The final report did, however, recommend a unit-record tracking system, which would gather information on individual students. Complaints have been filed to Commission Chairman, Charles Miller, citing student-privacy complications.

Other relevant issues that were not sufficiently addressed include grade inflation, faculty tenure, and improvements to graduate education.

Despite the many complaints revolving around the report, there are a few positive points worth highlighting. The report recommended that the federal government consolidate all its financial aid programs and increase Pell Grants to account for 70 percent of in-state tuition costs.

Also, in response to criticism, the final draft removed a recommendation that only allowed low-income students to obtain federally backed student loans, thus forcing some students to take out more expensive private loans.

It seems that Spellings has gotten the "national debate" she wanted. After the Commission had approved the final draft on Thursday, Spellings said, "I will review findings, determine appropriate actions, and continue this national dialogue."

Several Commission members noted that the hardest part will come in the next couple of months when they try to turn their recommendations into reality. Nonetheless, there are many who wonder whether these recommendations will be implemented.

Ward's prepared statement said, "Despite improvements with each successive draft, there remain several issues of serious concern to me-particularly as I look ahead to the challenges of implementing the report's recommendations, with which I will inevitably be directly involved."


Article Title : Commission Finalizes Report
Comment not found for this article.

Share this story:
  • BlinkList
  • blogmarks
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz

EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
I just finished up school and finances are a little tight for me right now. EdFed consolidated my loans and saved me over $200 on monthly payments. Now I have more money to put into opening up my own business and beginning a successful future. I would definitely recommend EdFed to any student looking to save money, get lower interest rates and get great customer service while doing it.
- Trent T.  Omaha, NE
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

read more
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Glossary of Terms
Loan Comparison Chart
Scholarship Search
Consolidation is a federal program that allows you to save thousands--but only if you take advantage of it!
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2020 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives