Originally Posted By kileyrae

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)
114 notes
Notes
  1. skystroll reblogged this from alwaysdream
  2. smilefortyeight reblogged this from liberalsarecool
  3. vinylsticker reblogged this from reagan-was-a-horrible-president
  4. andreagoldston reblogged this from kileyrae
  5. agirlcalledchris reblogged this from reagan-was-a-horrible-president
  6. rawrevolutionepidemic reblogged this from randomactsofchaos and added:
    Yup, he’s running for re-election
  7. shannonsunrise reblogged this from kileyrae
  8. weian-fu reblogged this from reagan-was-a-horrible-president and added:
    YAAAAAAS! Now can we do something to help those of us who were already railroaded by for-profit universities?
  9. dividedkingdom reblogged this from reagan-was-a-horrible-president
  10. reagan-was-a-horrible-president reblogged this from kileyrae
  11. weavingwebb reblogged this from reagan-was-a-horrible-president
  12. tumbledoresbeard reblogged this from reagan-was-a-horrible-president
  13. ohsohetero reblogged this from reagan-was-a-horrible-president
  14. whysogrimm reblogged this from reagan-was-a-horrible-president
  15. onmyojisrambles reblogged this from reagan-was-a-horrible-president
  16. andasfortakingitinstride reblogged this from reagan-was-a-horrible-president
  17. withfistsfullofsteel reblogged this from reagan-was-a-horrible-president
  18. reagan-was-a-horrible-president reblogged this from kileyrae
  19. mrgrafix reblogged this from liberalsarecool
  20. constant-blur reblogged this from liberalsarecool
  21. theprettiestwreckyoulleversee reblogged this from liberalsarecool

other news is designed by manasto jones, powered by tumblr and best viewed with safari.