The Education Department's proposal to start charging a variable interest rate instead of a fixed, low rate to borrowers who combine multiple federal student loans into one is a "viable option for reducing federal costs" in student loan programs, the U.S. Government Accountability Office said in a February letter to Republican lawmakers, who had requested the review.
Rep. John Boehner told a group of college presidents Tuesday that members of Congress are tired of hearing from constituents who can't figure out why their children can't transfer credit from one institution to another.
"We hear about it nonstop," Boehner (R-Ohio) said. He said that both of his daughters were "caught up" in the issue, thinking that they were taking courses that would transfer -- only to find out that wasn't the case.
Margaret Spellings gave her first address to a college audience Monday, telling college presidents that they should work to provide better information about their institutions, and that they should back President Bush's budget plans.
For much of the last year, community colleges and the Bush administration have, symbolically, been dancing cheek to cheek. Given what's in the Bush administration's 2006 budget proposal, they may spend the next few months fighting toe to toe.
Regulating diploma mills is a little like herding cats.
The institutions, which offer fraudulent degrees in exchange for cash and little or no academic work, crop up overnight and disappear nearly as fast, when consumer complaints rise or law enforcement officials catch the scent. State and federal lawmakers yearn to crack down on these "colleges," but because they're hard to define and hard to nail down, there's often little they can do.