Blogs: Quality Education

Representative John Kline (R-MN) and Senator Mike Enzi (R-WY) introduced legislation this week that keeps our broken student loan system in status quo, with corrupt private lenders and federal bank subsidies worth billions. read more »

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Recently the Secretary of Education, Arne Duncan, advised college financial administrators that with the likely passage of the Student Aid and Fiscal Responsibility Act (SAFRA) in the Senate, universit read more »

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The Chronicle of Higher Education released a survey of chief financial officers at four-year universities across the country and it is no treat; their outlook for this budget year (FY 2010) was gloomy, by next year? Even scarier. read more »

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Just when you thought that the dust had settled from the scandals of Wall Street (at least temporarily), details come out of another Ponzi scheme by the titans of banking, this time with student loans. read more »

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Wow. Break out the spatulas, and get ready to scrape the exploded brains of right-wingers off the ceiling, walls, etc. Apparently, President Obama has won the Nobel Peace Prize.

US President Barack Obama has been awarded the 2009 Nobel Peace Prize.

The Nobel Committee said he won it for "his extraordinary efforts to strengthen international diplomacy and co-operation between peoples".

The committee highlighted Mr Obama's efforts to support international bodies and promote nuclear disarmament.

Mr Obama's spokesman said the president was "humbled" to have won the prize. He said he woke Mr Obama up when he called with the news early on Friday.

There were a record 205 nominations for this year's peace prize. Zimbabwean Prime Minister Morgan Tsvangirai and Chinese dissident Hu Jia had been among the favourites.

The laureate - chosen by a five-member committee - wins a gold medal, a diploma and 10m Swedish kronor ($1.4m).

It's a surprise, but I think I understand why the committee made this choice: You create a lot more goodwill among people when your foreign policy message is something besides, "It's our world, and the rest of you are just livin' in it."

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Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt. read more »

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I congratulate the House passing the Student Aid and Fiscal Responsibility Act (SAFRA) —see description of the bill here. This historic legislation commits billions to student aid and higher education investments, while ending wasteful bank subsidies that total $87 billion. read more »

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The Student Aid and Fiscal Responsibility Act (SAFRA) is expected to be introduced in the House today. A historic bill, it will invest billions in student aid and higher education, while ending subsidies to banks (See Bob Brandon’s post outlining the bill here). read more »

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"You people," Mr. Harrison — my high school English teacher — said to our class, with a hint of pride, "already have your own ideas. I can't mold you. But people coming after you," he said as a note dismay crept into his voice, "come to my class and they sit here and wait for me to tell them what to think."

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Students are borrowing more than ever to pay for college. As reported in the Wall Street Journal, for the 2008-09 academic year, students borrowed nearly 25 percent more than the previous year to pay for school, borrowing a total of over $75 billion. read more »

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