Higher Ed News
January 26, 2016
Obama administration announces plan to expand Pell Grant program
The Obama administration has introduced a plan to bring back year-round Pell Grants and to create a $300 bonus for Pell recipients taking at least 15 credits a semester. Both elements of the plan are designed to incentivize students to graduate faster and accrue less debt in school. The plan would cost $2 billion over…
January 25, 2016
New York expands student loan forgiveness program to include lower earners
New York state has recently instituted the “Get on Your Feet” loan forgiveness program in an effort to keep young college graduates living and working in the state. The program, originally introduced as a part of Governor Cuomo’s 2015 Opportunity Agenda, is designed to help struggling recent graduates in the state pay back their student…
December 30, 2015
Higher Ed News Roundup
United States continues slide in global education rankings: A recent report released by the Organization for Economic Cooperation and Development (OECD) reveals that the United States continues to fall behind in educating its populace. The study shows that the US has dropped to fifth in the percentage of young adults, defined as those between age…
November 19, 2015
DOJ reaches largest-ever settlement with for-profit higher education provider
U.S. Attorney General Loretta Lynch announced on Monday that the Department of Justice (DOJ) has reached a settlement in its false claims case against the Education Management Corporation (EDMC), an operator of for-profit colleges and universities. The $95.5 million settlement is the largest ever in a higher education false claims case. EDMC will also forgive…
November 13, 2015
UC Plans to Expand Resident Undergraduate Enrollment
A recent story in the LA Times, “UC seeks to boost Californians’ enrollment by 10,000 by 2018,” outlined the University of California’s plan to expand resident undergraduate enrollment at their nine undergraduate campuses. Like many U.S. public universities that have faced significant state divestment during the recession, the UC system has enrolled more nonresident students…
November 5, 2015
Average National Undergraduate Loan Debt Continues To Rise
Undergraduates who graduated with student loan debt from four-year colleges in 2014 owed an average of $28,950, according to a recently released report by The Institute for College Access and Success (TICAS).[1][2] 69 percent of graduates have loan debt, the same figure as last year and slightly higher than it was in 2004 (65 percent). The average amount of…
November 3, 2015
National 3-Year Cohort Default Rate Drops For Third Consecutive Year: UW Continues to Excel
The Department of Education recently released their annual report detailing the 3-year cohort default rate (CDR)—a metric that measures what percentage of postsecondary students default on their loan payments within the first three years of entering repayment—and the data are encouraging: the 3-year CDR for FY 2012 is 11.8 percent, almost two percent lower than…
September 18, 2015
UW is Most Innovative Public University in the World and “Best Bang for the Buck” Among Western Schools
Reuters recently ranked the UW as the fourth most innovative university in the world among public and private institutions, surpassed only by Stanford, MIT and Harvard. When looking at public institutions alone, however, the UW topped the list. As the Seattle Times noted, “The ranking takes into account academic papers, which indicate basic research performed…
April 13, 2015
Report confirms continuing economic recovery and restoration of state funding for higher education
State Higher education Executive Officer (SHEEO) announced its annual release of State Higher Education Finance (SHEF) report for FY14, which provides a comprehensive review of state and local funding, tuition revenue, and enrollment trends for public higher education. National trends and Current status of state funding for higher education On average, state and local support…
November 12, 2014
New OPB Brief on Graduates’ Earnings Report
Washington State’s Education Research & Data Center (ERDC) recently published the Earnings for Graduates Report, which provides earnings information for graduates from the state’s public institutions. OPB’s latest brief describes where the data for the report came from, discusses some of its limitations, and warns against relying on the report in choosing a program of…
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