higher education

Governor Gregoire signed HB 2483 today which will create a new cabinet level agency, the Student Achievement Council.

Passed by a bi-partisan effort, responsibilities for the Council will include developing policy and strategies to raise the percentage of Washingtonians with post-secondary education as well as administering state financial aid programs.

According to the Higher Education Coordinating Board’s blog, the new law (which becomes effective July 1st will have several goals:

a) To propose to the governor and the Legislature goals for increasing educational attainment in Washington, recommend the resources necessary to achieve the goals, and monitor progress toward meeting the goals;

b) To propose to the governor, the Legislature, and the state’s educational institutions, improvements and innovations needed to continually adapt the state’s educational institutions to evolving educational attainment needs; and

c) To advocate for higher education through various means, with the goal of educating the general public on the economic, social and civic benefits of post- secondary education, and the consequent need for increased financial support and civic commitment in the state.

More information about the new law can be found here.

Hooray!

Thanks to your hard work, the House of Representatives has passed the Student Aid and Fiscal Responsibility Act by a vote of 253-171!

Struggling to come up with the cash for college? House leadership, with the Obama administration’s support, wants to cut out the middle man from federal student loan programs and give students the chance to borrow directly from the federal government. Middlemen are ex$pensive – so the bill creates $92 BILLION in cost savings! Part of the savings would be spent on an Early Learning Challenge Fund to make sure all children have a quality education from the very start!

College student? Here’s how the SAFRA will help you:

For the past 35 years, the federal government has subsidized loans made by private banks to students through the Federal Family Education Loan program, guaranteeing loans up to 97 percent and allowing lenders to reap the profits. The Student Aid and Fiscal Responsibility Act – touted as the largest investment in higher education ever – shuts down that program, replacing it with a direct loan program run by the Education Department. The income-based payment plan eases the strain for graduates paying off loans.

Smartypants early learner (who can already read)? Here is how the SAFRA will help you:

Ensure young children enter kindergarten ready to succeed by creating an Early Learning Challenge Fund to provide states with $8 billion in competitive grants over 8 years. This investment would improve outcomes for all children and especially at-risk children-resulting in higher graduation rates, higher rates of college attendance, and higher earnings at work.

Everyone else?

This bill creates $92 billion in cost savings that will be spent on programs we know will save money and promote economic growth.  That’s a big hooray for everyone.

WASHINGTON, Sept. 17 /PRNewswire-USNewswire/ — Speaker Nancy Pelosi issued the following statement today after the House voted 253 to 171 this afternoon to pass the Student Aid and Fiscal Responsibility Act:

“Education is the best investment individuals can make in themselves, it is the best investment parents can make in their children, and it is the best investment a nation can make in their citizens. With that in mind, today the House passed the Student Aid and Fiscal Responsibility Act, the single largest investment in making college more affordable in the history of our nation.

“This legislation means that more students will enter college; that they will graduate with less debt; that the federal loan initiatives that they and their families depend upon are strengthened for decades to come; and that taxpayers will save money. It is fiscally responsible, following the strict standards of pay-as-you-go spending.

“This legislation seizes the opportunity to strengthen our nation by making a historic commitment to our students and a landmark investment in our future.”

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