and another thing ...

President Obama is announcing Friday morning a new proposal to limit federal student loans for students going to schools not making an effort to curb costs. There will be more details when he speaks at the University of Michigan in Ann Arbor.

If enacted, the pool for Perkins loans would increase from $1 billion to $8 billion, increasing the number of participating schools from 1,700 to 4,000. But the law would bar the loans from going to schools who fail to meet three criteria: keeping net tuition down, provide “good value” and serve needy students well.

“If that does not happen,” Secretary of Education Arne Duncan told CNN. “We’re going to invest less in those states or those local universities where they don’t have the best interest of the student at heart.”

— Obama to Announce Proposal to Push Colleges to Lower Tuition (via kileyrae)


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    Yup, he’s running for re-election

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    YAAAAAAS! Now can we do something to help those of us who were already railroaded by for-profit universities?

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