affordability
December 21, 2015
Perkins Loan Program Temporarily Revived
Last week, Congress passed a bipartisan bill to extend the Federal Perkins Loan Program, which had expired in September. The bill authorizes new undergraduate applicants to join the program through September 2017, but only if they have exhausted all other federal borrowing options first. New graduate students will not be able to join the program,…
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…
June 22, 2015
Third House Committee Operating Budget Released Today
Leadership in the House Appropriations Committee released a third operating budget proposal today in the form of 2P2SHB 1106 and PSHB 2269. This proposal still differs from the Senate budget proposal SB 6050 and varies from the previous House operating budget P2SHB 1106. All of higher education (including financial aid) would receive nearly $3.348 billion…
May 29, 2015
Special Session 2015-17 Senate Chair Operating Budget
Leadership in the Senate Ways and Means Committee released a new Operating budget proposal on May 28th 2015 in the form of Senate Bill 6050. This proposal makes significant changes to the engrossed Senate operating budget, ESSB 5077 and continues to differ from the engrossed House operating budget, ESHB 1106. Though the 2015 legislature is…
May 5, 2015
Report Affirms State Divestment, Not Administrative Bloat, Largely Responsible Tuition Increases
A report released today by Demos, a New York public policy think tank, attempts to identify the reasons why tuition prices at public four-year institutions have increased over the last decade. The findings reinforce the understanding that declining state support, rather than “administrative bloat,” is the primary cause of tuition increases. Although administrative spending did increase…
April 1, 2015
2015-17 Senate Chair Operating Budget
On Tuesday, Leadership in the Senate Ways & Means Committee released its operating budget proposal, Proposed Substitute Senate Bill 5077 which makes significant changes to the Governor’s proposal and differs significantly from the House proposal. Under the Senate proposal, the UW would receive $674.39 million of Near General Fund State across the biennium. Here are some…
January 6, 2015
A Growing Student Loan Crisis? Maybe Not
A new report from the Brookings Institution concludes that student loan borrowers may not be in such a dire situation as media reports commonly suggest. The report, Is a Student Loan Crisis on the Horizon?, finds that while student debt levels have risen along with college tuition over the past two decades, college graduates’ incomes…
November 24, 2014
Average Debt for Graduates Continues to Rise
Overall student debt levels of recent bachelor’s degree recipients continue to rise according to Student Debt and the Class of 2013, a new report from the Project on Student Debt at The Institute for College Access & Success (TICAS). The report includes 2013 state- and college-level debt data for graduates from colleges that opt to…
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