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Posted: July 29th, 2010, 11:15pm MDT
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Posted: July 26th, 2010, 5:22pm MDT by admin
The now-President Barack Obama campaigned on a platform of change amidst a difficult economy with a struggling job market and education system. While he and his opponent, Sen. John McCain, wooed voters of all types, Obama had a distinct edge in one key group: college students.
President Obama’s Higher Education Agenda in a Nutshell
According to MSNBC, post-election polling conducted by the non-partisan group CIRCLE showed that college age voters preferred Obama over McCain 68 percent to 30 percent, the widest margin since this type of polling began. While experts cite a number of reasons the President ranked so well among college voters, perhaps his emphasis on higher education reform struck a major chord.According to his White House statement on education, President Obama believes our nation’s economic competitiveness depends on the quality of our education, pledging to help the United States have the “highest proportion of students graduating from college in the world by 2020.”
According to the American Association of State Colleges and Universities, President Obama hopes to accomplish this goal through legislative reform addressing the following:- College Affordability
- Access to Higher Education
- Fiscal Sustainability for Public Colleges and Universities
- College-Based Research Funding
- Support for Two-Year College Programs
Setting an ambitious goal is one thing; achieving it quite another. What has President Obama actually done to reform higher education to date?
Key Obama Legislation Affecting College StudentsThough less than 2 years into his term, President Obama has enacted a number of changes to higher education. Here are the most significant.
1. The American Recovery and Reinvestment Act (ARRA) of 2009Passed in February, 2009, this $787 billion stimulus package was designed to create jobs and boost consumer spending. It included the following provisions addressing President Obama’s overall goals for higher education reform:
Focus: College AffordabilityThe ARRA established The American Opportunity Tax Credit, a national tax credit allowing up to $2500 of college expenses, including tuition, fees, and course materials. Up to $1000 is refundable, so those who do not owe taxes will receive a rebate. This credit set through 2011, but is expected to become permanent. In his 2010 State of the Union address, President Obama also pledged to extend application of the credit from 2 years of college to 4 years, though legislation has not yet been proposed.
Focus: Fiscal Sustainability for Public Colleges and UniversitiesThe ARRA also established State Fiscal Stabilization Fund, which provides funds to states in order to counteract education cuts tied to the poor economy.
Focus: College-Based Research FundingThe ARRA provided colleges and universities with billions in research funding, including:
- $10 billion for the National Institutes of Health
- $3 billion for the National Science Foundation
- $2 billion for the Department of Energy
- $580 million for the National Institute of Standards and Technology
- $280 million for the National Oceanic and Atmospheric Administration.
Signed into law by in March, 2010, the Student Aid and Fiscal Responsibility Act (SAFRA) was a key part of the Health Care and Education Reconciliation Act of 2010. The SAFRA included a number of major provisions related to President Obama’s education goals.
Focus: College AffordabilityThe SAFRA eliminated the Federal Family Education Loan Program (FFELP), a program which allowed private banks to service student loans backed by the US government. These loans will now be serviced by government’s Direct Loan Program, a change the National Association for College Admission Counseling notes will save $61 billion over the next 10 years.
These funds will be redirected to students by increasing the Federal Pell Grant Award from $5550 to $5975 by 2017. Starting in 2013, the award will also be indexed at the Consumer Price index and increase with cost-of-living. The SAFRA also expands the Federal Perkins Loan Program to include more colleges and universities.
Focus: Access to Higher EducationThe SAFRA provides $3 billion over 5 years to the College Access and Completion Initiative Program, which focuses on retraining and graduating more college and university students. An additional $750 million is slated to provide additional college access and completion support to students, including additional funds to the College Access Grant Program.
Focus: Supporting 2-Year College ProgramsThe SAFRA founded what’s known as the American Graduation Initiative, authorizing the program to assist low income and non-traditional college students in completing 2-year college degree programs. The Act also creates a grant program designed to expand online learning opportunities for students preparing for postsecondary education.
SAFRA also includes $2.5 billion in grant funds to states for the construction, modernization, renovation, or repair of community college facilities.
Budget Proposals for Fiscal Years 2010 and 2011According to USA Today, President Obama dedicates a sizable portion of his national budget to higher education, distinguishing him from predecessors who focused primarily on K-12 education. Highlights include:
- Increasing the maximum Federal Perkins Loan award each year and a proposed $6 billion Perkins fund in 2011
- A 5-year, $2.5 billion fund to improve college success and completion among disadvantaged students; States could use a portion of the funds for college outreach programs.
It’s no secret that higher education or career training improves salary and advancement. President Obama’s higher education reforms to date improve college accessibility and affordability overall, an important note in a sluggish job market. While more than two years remain in his first term, the ongoing economic recession may limit future education initiatives, so consider investing in your education now rather than later.
Aimee Hosler
Aimee Hosler is a freelance journalist specializing in career- and education-focused topics. The self-described political junkie minored in political science and media law while studying journalism at California State Polytechnic University in San Luis Obispo.
Sources:
Youth vote may have been key in Obama’s win
Education | The White House
The Recovery Act
Obama aims high for higher education – USATODAY.com • Feb 26, 2009
President’s Budget – Overview -
Posted: July 26th, 2010, 1:51pm MDT by admin
It’s one of the most popular of the American dreams. Graduate from high school, spend four years in college pursuing a career you are passionate about, earn a bachelor’s degree and go on to work for a respected company while collecting a decent salary. However, since the country’s most recent recession took hold of the economy, and our pocketbooks, many students find it difficult to make this dream a reality – partially because of their parents’ inability to finance the growing costs of higher education and the decreasing likelihood they will find a job after graduation that will offer a paycheck large enough to help them repay a hefty student loan debt. So rather than carry a four-year financial burden, the trend in higher education has been an increase in enrollment in community colleges.
Community College – A Benefit to the Brain and Bank AccountConsidering the average cost for a student to attend a private four-year college is $26,273 (up 4.4 percent from last year) and $7,020 annually to attend a public institution (up 6.5 percent from last year), it’s no wonder college trends show potential students and families are opting to take the two-year route to a degree. In fact, 31 percent of all full-time college students in the United States attend community colleges, and enrollment across the county has increased 24 percent for full-time participants and 17 percent in the part-time arena. With the average annual cost at about $2,544 (up 7.3%), the potential financial savings is astronomical, even when students opt to continue their education at a four-year university after completion of the two-year program.
Expanding DemographicsIt’s not just the traditional recent high-school graduate signing up for courses. With the national unemployment rate hovering close to 10 percent, many out-of-work adults are contributing to college trends and heading to admission offices across the country to take advantage of opportunities at two-year community colleges. They are hoping to garner new skills or prepare to switch career paths and make themselves more marketable. Most cite affordability, a faster time to program completion versus the four-year approach, and minimal commuting time as reasons for their choice.
The White House Weighs InPresident Obama has contributed to pushing college trends toward two-year programs even further. Last year he announced a $12 billion community college initiative to assist facilities in making physical plant improvements, expanding online curriculum offerings and developing programs to increase graduation rates and better prepare students to move into the workforce or to a four-year institution. The President also put a call out to community colleges to increase its number of graduates by an additional five million students by the year 2020 – an accomplishment that would help him achieve his goal of the United States being home to the highest proportion of college graduates in the world by 2020.
Lisa Tortorello
Lisa Tortorello has been a Director of Public Relations and Marketing within a large East Coast health care system for more than 11 years. She has an associate’s degree in Liberal Arts and a bachelor’s degree in Public Communication.
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