Posts Tagged ‘Consumer Financial Protection Bureau’
DC Shuttle: To Hold Down Student Loan Interest Rates, Congress Weighs Cuts to Health Law, Closing Tax Benefits for Oil and Gas Cos.
by The New England Council
April 30, 2012
On Wednesday, Senate Democrats introduced a bill (S. 2343) to extend the current interest rate on subsidized student loans for one year beyond the July 1 expiration date. The Congressional Budget Office (CBO) estimated the cost of a one-year extension to be $6 billion, which the bill would pay for by ...
Read MoreTags: Consumer Financial Protection Bureau, DC Shuttle, federal education policy, John Tierney, New England Council, student loans, White House | No Comments
DC Shuttle: Obama Admin Cuts Pell Grant Overpayments, New Eye on Private Student Loans
by The New England Council
November 21, 2011
As part of the Campaign to Cut Waste, the Obama administration cut erroneous Pell Grant payments to 2.7% in 2011, the lowest it has been since 2005. White House officials estimate that reform measures saved $300 million in overpayment through the Pell Grant student aid program. The 2011 payment errors totaled $1 billion, approximately the ...
Read MoreTags: Consumer Financial Protection Bureau, DC Shuttle, federal education policy, New England Council, Pell Grants, private loans | No Comments
