Lawmakers eye reform as college costs soar
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The college tuition inflation express picked up more speed this year, said a report released on Monday, while Congress tries to find the brakes.
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The House of Representatives approved legislation that would base the amount of aid low-income college students receive as federal grants on their overall educational costs rather than just tuition.
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WASHINGTON - Congressional tax writers are taking a hard look at elite US universities' multibillion-dollar endowment funds and considering steps to make them spend more of their riches to help students.
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The Senate passed a bill early Friday to increase aid to college students.
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An accounting change that could cost schools and libraries an estimated &#36;1 billion in aid drew fire Tuesday from senators who said they were blindsided by the move.
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WASHINGTON -- Congress is trying to end a practice that unintentionally has allowed banks to take in billions of dollars meant to help students pay for college.
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The relationship between colleges and students who work for them has long been a source of tax uncertainty. Congress has stepped in from time to time to clear up really important issues
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WASHINGTON -- President Bush on Thursday signed legislation designed to make college more affordable for students from poor and middle-class families, swallowing objections to a bill that enjoyed veto-proof majorities in Congress.
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Two Democratic members of Congress and New York Attorney General Andrew Cuomo have asked the biggest student lenders for information on criteria used to price college loans.
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Congress has taken the lead in bringing needed fiscal discipline to the economy, West Virginia's governor said Saturday. "By making college more affordable, passing the first minimum wage increase in a decade and cutting taxes for middle-class Americans, the Democratic-led Congress has already laid the groundwork to turn our economy around," Gov. Joe Manchin said in the Democrats' weekly radio address.
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US Senator Edward Kennedy has proposed cutting subsidies to college loan providers by $18.3 billion and using the savings to increase aid for low-income students, in legislation similar to a measure approved by a House panel.
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Lawmakers are gathering at their state capitols this week, with some new faces in the crowd and big decisions looming on taxes, schools, health care and crime &#151; not to mention a minefield of cultural disputes such as gay marriage and the moral beliefs of pharmacists.
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By Michael Sluss, The Roanoke Times, Va.  Dec. 13--RICHMOND -- Gov. Tim Kaine will ask state lawmakers to increase the pay of public school teachers by 3 percent next year and to fund pilot projects to expand access to pre-kindergarten programs when they amend Virginia's two-year budget.
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Students across the board are facing tuition fee increases of up to ten percent, which the University blames on a lack of Government funding.
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The bill approved Friday by the House and Senate would sharply cut subsidies to lenders and increase grants to needy students.
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Flood of applications, financial aid changes have roiled admissions process for students and colleges.
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New facilities and competition for top professors have costs soaring vastly higher than inflation.