Armand Biroonak

Recently the Secretary of Education, Arne Duncan, advised college financial administrators that with the likely passage of the Student Aid and Fiscal Responsibility Act (SAFRA) in the Senate, universit

Recent data from the Department of Labor shows the national unemployment rate has climbed over 10 percent. But that number does not paint the whole picture when taking a closer look at jobless figures by age demographic. For young adults in their late teens and early twenties, unemployment figures indicate truly dismal times.

The Chronicle of Higher Education released a survey of chief financial officers at four-year universities across the country and it is no treat; their outlook for this budget year (FY 2010) was gloomy, by next year? Even scarier.

Just when you thought that the dust had settled from the scandals of Wall Street (at least temporarily), details come out of another Ponzi scheme by the titans of banking, this time with student loans.

Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt.

I congratulate the House passing the Student Aid and Fiscal Responsibility Act (SAFRA) —see description of the bill here. This historic legislation commits billions to student aid and higher education investments, while ending wasteful bank subsidies that total $87 billion.

The Student Aid and Fiscal Responsibility Act (SAFRA) is expected to be introduced in the House today. A historic bill, it will invest billions in student aid and higher education, while ending subsidies to banks (See Bob Brandon’s post outlining the bill here).

As today marks the eighth anniversary of the tragic September 11th attacks, it is also a reminder of the calamitous road of foreign policy that the Bush administration took us down shortly after. The Iraq War was of course an outright disaster, but Obama’s recent troop escalation into Afghanistan should worry progressives equally.

Recently the Secretary of Education, Arne Duncan, advised college financial administrators that with the likely passage of the Student Aid and Fiscal Responsibility Act (SAFRA) in the Senate, universit

Recent data from the Department of Labor shows the national unemployment rate has climbed over 10 percent. But that number does not paint the whole picture when taking a closer look at jobless figures by age demographic. For young adults in their late teens and early twenties, unemployment figures indicate truly dismal times.

The Chronicle of Higher Education released a survey of chief financial officers at four-year universities across the country and it is no treat; their outlook for this budget year (FY 2010) was gloomy, by next year? Even scarier.

Just when you thought that the dust had settled from the scandals of Wall Street (at least temporarily), details come out of another Ponzi scheme by the titans of banking, this time with student loans.

Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt.

I congratulate the House passing the Student Aid and Fiscal Responsibility Act (SAFRA) —see description of the bill here. This historic legislation commits billions to student aid and higher education investments, while ending wasteful bank subsidies that total $87 billion.

The Student Aid and Fiscal Responsibility Act (SAFRA) is expected to be introduced in the House today. A historic bill, it will invest billions in student aid and higher education, while ending subsidies to banks (See Bob Brandon’s post outlining the bill here).

As today marks the eighth anniversary of the tragic September 11th attacks, it is also a reminder of the calamitous road of foreign policy that the Bush administration took us down shortly after. The Iraq War was of course an outright disaster, but Obama’s recent troop escalation into Afghanistan should worry progressives equally.