Obama can't just pull jobs out of his ass.....
The stimulus has been working all along, and it was the first thing
that he tackled, if you don't recall.
I know that at many University, tons of Grant money have been received
for research, since it is at university sites that much research is done.
Also, there will be a revamp in student loans and how they are doled out,
and so forth. Sorry he couldn't just snap his fingers and get her done! :eyes:
Latest from WashingtonDecember 11, 2009
House passes bill overhauling financial regulations, which includes language requiring certification of private student loans by colleges. AASCU has signed-on to a letter supporting this provision.
http://www.congressweb.com/aascu/federalpolicyadvocacy.htmObama’s Higher Education Agenda May Lead to Expanded Federal Roleby Ronald Roach , December 21, 2009
Scholars, academic administrators and higher education policy officials have largely interpreted the administration's pronouncements, more than $100 billion in education stimulus funding and the community college-focused American Graduation Initiative, as markers of a significant shift in federal higher education policy and the making of a credible push for an expanded federal role in American higher education. It's also significant that the "Race to the Top" initiative, the administration's K-12 education reform effort, focuses on school districts getting more students prepared for college, experts note.
"The federal role has been traditionally to support economic access through need-based student aid, through loans and grants, and through some categorical programs. But it's not had a policy role, particularly around the agenda of (college) completion and increasing overall attainment," says Jane Wellman, executive director of the Delta Project on Postsecondary Education Costs, Productivity, and Accountability.
"They're talking about more access, more degree completion. It's a tremendously important extension of where the federal government has been historically."
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One early test for the Obama administration will be whether it can persuade Congress to pass the Student Assistance and Fiscal Responsibility Act (SAFRA). Major funding for Obama proposals would be made available through SAFRA, which has passed the House and was pending before the Senate earlier this month. SAFRA includes $3 billion for a college access and completion fund along with $2.5 billion for community college facilities and $630 million in other grants to community colleges.
Other measures include $2.5 billion for minority-serving institutions and a $1,350 increase in the maximum Pell Grant over the next decade. To finance these investments, SAFRA would do away with bank-generated student loans in favor of less expensive, government-backed Direct Loans. Officials have estimated the federal government can save $9 billion annually by eliminating loan subsidies for private banks.
SAFRA's passage will be critical, but the administration's long-term success in higher education policy will depend on how well it builds a consensus with states on making college completion a high priority, Wellman says.
http://diverseeducation.com/article/13280/obama-s-higher-education-agenda-may-lead-to-expanded-federal-role.htmlThe bank-based federal student loan program that President Obama has proposed eliminating in the 2010 federal budget. Voices from both sides of the debate chimed in, with one clear theme emerging: in 2010, student loans are definitely going to change. The questions at this point are to what extent federal student lending will change and whether the banks currently involved in FFEL will still have a place in the new system.
The Obama administration proposes switching all federal Stafford and PLUS loans to the federal Direct Loans program, then using the savings from eliminating lender subsidies to increase Federal Pell Grants and make funding mandatory, while also greatly expanding the federal Perkins Loan program and spending more on college completion. Opponents of this plan, primarily consisting of FFEL lenders and representatives of schools that participate in FFEL, have suggested alternatives that would restructure student lending, but still leave a place for lenders to service the loans. Not one witness at the hearing advocated keeping the system as it is, though, and it seems that a shakeup in student lending is inevitable. Hopefully, this will result in more available financial aid for students. Inside Higher Ed has more information on the hearing.
http://blog.scholarships.com/tag/president-obama/