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Financial Aid in the News

Key Senator Criticizes Education Dept. on Loan Plan (Inside Higher Ed)

"[Sen. Lamar] Alexander, a Tennessee Republican who headed the [U.S. Department of Education] during the first Bush administration, won the eternal gratitude of many college leaders by stopping Education Secretary Margaret Spellings dead in her tracks two years ago when she tried to use the federal regulatory process to bring about major changes in higher education accreditation (Alexander argued that Spellings was trying to work around Congress, and helped pass legislation to make sure she couldn't; the secretary wasn't pleased.)," Inside Higher Ed reports. "On Wednesday, he took to the Senate floor to criticize Spellings' successor, Arne Duncan, on roughly similar grounds. He was unhappy that Duncan had sent a letter this week urging college presidents to get their campuses ready for a possible switch to the government's direct student loan program, even though Congress has yet to pass -- and the Senate has yet to consider -- legislation that would mandate such a switch, by ending lending through the bank-based Federal Family Education Loan Program."

You can read the complete Oct. 29, 2009 Inside Higher Ed article on-line.

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