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	<title>New England Board of Higher Education &#187; Financing</title>
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		<title>State Budgets Slowly Recovering, Reports NEBHE as it Updates Figures on Higher Ed Finance</title>
		<link>http://www.nebhe.org/newslink/state-budgets-slowly-recovering-reports-nebhe-as-it-updates-figures-on-higher-ed-finance/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=state-budgets-slowly-recovering-reports-nebhe-as-it-updates-figures-on-higher-ed-finance</link>
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		<pubDate>Thu, 18 Jul 2013 18:14:06 +0000</pubDate>
		<dc:creator>John O. Harney</dc:creator>
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		<guid isPermaLink="false">http://www.nebhe.org/?post_type=newslink&#038;p=19201</guid>
		<description><![CDATA[<p>While some economists see the national economy poised to come back, state budgets and economies aren’t yet in the clear, according to the National Association of State Budget Officers (NASBO) and National Governors Association (NGA) 2013 Fiscal Survey of States.</p>
<p>As it is, New Englanders pay just $179 per capita toward higher education, compared with $230 ...]]></description>
				<content:encoded><![CDATA[<div class="pf-content"><p>While some economists see the national economy poised to come back, state budgets and economies aren’t yet in the clear, according to the National Association of State Budget Officers (NASBO) and National Governors Association (NGA) <a href="http://www.nga.org/files/live/sites/NGA/files/pdf/2013/FSS1306.PDF" target="_blank">2013 Fiscal Survey of States.</a></p>
<p>As it is, New Englanders pay just $179 per capita toward higher education, compared with $230 per capita nationally.</p>
<p>The NASBO and NGA survey projects some tough state budget decisions in FY 2014 and beyond. Continued high unemployment and slow expected revenue growth—combined with spending pressures in healthcare, education, and other areas put on hold during the recession—mean that there’s a lot of catching up to do.</p>
<p>How will this impact students and families?  It’s hard to tell if the affordability crisis in higher education will be solved anytime soon.  Certainly, tuition and fees in the near future may <a href="http://trends.collegeboard.org/sites/default/files/college-pricing-2012-full-report-121203.pdf">continue to rise</a> at a rate that outpaces growth in student aid programs, meaning that over time, students and families pay more even when financial aid is taken into account.</p>
<p>For a snapshot of New England postsecondary tuition and fees, financial aid, and state appropriation levels, check out the recently updated <a href="http://www.nebhe.org/trends/financing/">Trends &amp; Indicators Finance Figures</a>.</p>
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		<title>DC Shuttle: Maximum Pell Grant Increased; Education Dept. Updates Lists of College Costs</title>
		<link>http://www.nebhe.org/newslink/dc-shuttle-max-pell-grant-award-level-increased-us-dept-of-eds-updated-lists-of-college-costs/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=dc-shuttle-max-pell-grant-award-level-increased-us-dept-of-eds-updated-lists-of-college-costs</link>
		<comments>http://www.nebhe.org/newslink/dc-shuttle-max-pell-grant-award-level-increased-us-dept-of-eds-updated-lists-of-college-costs/#comments</comments>
		<pubDate>Mon, 18 Jun 2012 17:26:57 +0000</pubDate>
		<dc:creator>Erica Pritchard</dc:creator>
				<category><![CDATA[Financing]]></category>
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		<category><![CDATA[Student Aid]]></category>
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		<category><![CDATA[DC Shuttle]]></category>
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		<category><![CDATA[Pell Grant]]></category>
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		<guid isPermaLink="false">http://www.nebhe.org/?post_type=newslink&#038;p=13693</guid>
		<description><![CDATA[<p>On Thursday, the Senate Appropriations Committee voted along party lines to approve FY2013 authorization for Labor-HHS-Education programs, including $68.5 billion for the Department of Education. This includes an $85 increase in the maximum Pell Grant award level, from $5,550 to $5,635, beginning in the 2013-14 school year. Funding for most other student financial aid programs ...]]></description>
				<content:encoded><![CDATA[<div class="pf-content"><p><img class="alignleft size-full wp-image-9051" title="US-capitol-horiz_s-167x178" src="http://www.nebhe.org/wp-content/uploads/US-capitol-horiz_s-167x1781.jpg" alt="" width="167" height="178" />On Thursday, the Senate Appropriations Committee voted along party lines to approve FY2013 authorization for Labor-HHS-Education programs, including $68.5 billion for the Department of Education. This includes an $85 increase in the maximum <a href="http://www2.ed.gov/programs/fpg/index.html">Pell Grant</a> award level, from $5,550 to $5,635, beginning in the 2013-14 school year. Funding for most other student financial aid programs would remain at current levels. Lawmakers approved an amendment which would allow students who lack high school diplomas or GEDs to qualify for federal financial aid by passing an "ability to benefit" test. These students had been ruled ineligible for federal aid in FY2012's spending bill, as a cost-saving measure to help preserve funding for Pell Grants.</p>
<p>Under the Senate Appropriations bill, the <a href="http://www2.ed.gov/programs/racetothetop/index.html">Race to the Top</a> competitive grant program for K-12 education reform would receive level funding with 2012 at $549 million, with a $51 million increase included at the subcommittee level being shifted to the Math and Science Partnerships program. Sen. Richard Shelby (R-AL) submitted the amendment to redirect the funding to the math and science program and bring its total funding up to $150 million in order to ensure that the funding continue to be distributed as a formula grant, rather than as a competitive grant, as required by the Elementary and Secondary Education Act when funding falls below $100 million. The college-level Race to the Top grant program aimed at containing rising college costs, for which the administration had requested $1 billion, would receive no funding from the legislation.</p>
<p>The "First in the World" program, which encourages colleges to develop innovative approaches to education, would receive $40 million. The 2013 spending bill would also increase funding for the National Institutes of Health (NIH) by $100 million: from $30.6 billion to $30.7 billion. Sen. Tom Harkin (D-IA), chair of the Appropriations Subcommittee on Labor-HHS-Education, said that the increased NIH funding will "promote our nation's long-term economic prosperity" and "help the United States remain the world leader in biomedical research."</p>
<p>In accordance with the Higher Education Opportunity Act of 2008, the Education Department released an updated snapshot of tuition and college costs around the country through its College Affordability and Transparency Center on Tuesday. The lists include institutions with the highest and lowest tuition, net cost to students, fees, and those whose costs are most rapidly increasing and decreasing. <a href="http://collegecost.ed.gov/catc/Default.aspx">See the lists</a>.</p>
<p><span style="color: #800000;"><strong>As a member of New England Council, we publish the <em>DC Shuttle</em> each week featuring higher ed news from Washington. This edition is drawn from the Council's <em>Weekly Washington Report</em> Higher Education Update, of June 18, 2012. </strong></span></p>
<p><span style="color: #800000;"><strong>Founded in 1925, the New England Council is a nonpartisan alliance of businesses, academic and health institutions, and public and private organizations throughout New England formed to promote economic growth and a high quality of life in the New England region. The Council's mission is to identify and support federal public policies and articulate the voice of its membership regionally and nationally on important issues facing New England. For more information, please visit: <a href="http://www.newenglandcouncil.com/">www.newenglandcouncil.com</a>.</strong></span></p>
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