September 23, 2006
Final Report of the Commission on the Future of Higher Education
From the U.S. Department of Education:
- Student academic preparation should be improved and financial aid made available so that more students are able to access and afford a quality higher education.
- The entire student financial aid system should be simplified, restructured and provided with incentives to better manage costs and measure performance.
- A “robust culture of accountability and transparency” should be cultivated throughout the higher education system, aided by new systems of data measurement and a publicly available information database with comparable college information. There should also be a greater focus on student learning and development of a more outcome-focused accreditation system.
- Colleges and universities should embrace continuous innovation and quality improvement.
- Federal investments should be targeted to areas critical to America’s global competitiveness, such as math, science, and foreign languages.
- A strategy for lifelong learning should be developed to increase awareness and understanding of the importance of a college education to every American’s future.
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I recently published an article on the dangers and benefits of student loans and other forms of college financial aid – here is a quote from it, in case you are interested:
Student loans repayment can be a real nightmare without adopting some strategies that would help the new graduates to organize their social and financial life. Here are some strategies they can use to do this:
- An additional part-time job;
- Freelancing is another option (meaning that they can do particular pieces of work for different organisations, without working all the time for a single organisation);
- They should try to keep their living expenses as low as possible (live in a smaller apartment, live with a roommate to share some of the expenses, find an apartment that is closer to the job, to eliminate the extra-expenses for transport etc.);
- To apply for forbearance (this is an immediate solution for hard times when the new graduate is in impossibility to re-pay the amount of money and the need for student loan consolidation becomes apparent; it is a temporary period, when the graduate can postpone or delay his or her re-payments until a later time on a federal or direct loan after the beginning of the re-payment, and when the student doesn’t qualify for deferral). The forbearance must be applied through the lenders of the loans.
- To consolidate the payments.
If you feel this help, please drop by my website for additional information, such as federal student loans information or additional resources on private student loans .
Posted by: Mike | Nov 4, 2006 7:42:56 AM