Hello everyone, and welcome to the April 25th edition of the Daily Dose for Breakdrink.com!
Barack Obama: I Only Finished Paying Off My Student Debts Eight Years Ago & Senate Democrats Prepare Legislation That Would Block Increase in Student-Loan Interest Rate & Stafford Loan Interest Rate Increase: What’s at Stake for African-American Students? (#dontdoublemyrate)
In today’s news, President Barack Obama is in the midst of a swing state tour, visiting colleges and universities in the hopes of making the public aware of the end of previous legislation that would double the interest rates students are paying on their loans. He explains he did not just read about the struggles students are facing in a briefing; rather, he and his wife Michelle Obama were “poor together,” and graduated from college and law school with a mountain of debt, that they were unable to pay off until eight years ago. President Obama visited the University of North Carolina and the University of Colorado yesterday, and will be visiting the University of Iowa today to share this message.
Meanwhile, Democrats in the U.S. Senate announced plans to introduce new legislation that would prevent federally subsidized Stafford loan interest rates from doubling on July 1st. While details haven’t been revealed, speculation says the payroll taxes on some corporations may be increased to finance the extension. Another article in the Huffington Post points out the disparate effect this would have on African American students, as the 1.5 million African Americans benefiting from subsidized Stafford loans represent the single largest group of borrowers by ethnicity. Blacks disproportionately borrow more because they are more likely to attend private nonprofit or for-profit colleges.
Distance-Learning Survey Shows Growing Concern for Student Services (#distanceservices)
The Chronicle of Higher Education reported on a new survey by the Instructional Technology Council, where “adequate student services for distance-education students” ranked as the biggest challenge for college administrators providing online education. Many institutions are suffering budget cuts that are compounding hte problem of figuring out how to provide support in the virtual realm. Many regional accreditation programs require services provided are equivalent to their face-to-face counterparts, which may be adding concern for the administrators.
Finally, Oregon Attorney General John Kroger will leave his position early to become the Reed College President following the departure of Colin Diver. Kroger will focus on raising finances for scholarships to attract more student racial and class diversity. He completed a bachelors and masters degree in four years at Yale University and attended Harvard Law School. He taught criminal law as a tenured professor at Lewis and Clark Law School, and was elected Attorney General in 2008.
Thanks everyone! That’s it for today’s Daily Dose for Breakdrink.com!