Division of Government and Public Affairs ♦ Telephone: 202 939 9355 ♦ FAX: 202 833 4762 May 17, 2013 Senator Harry Reid Senator Tom Harkin United States Senate United States Senate 522 Hart Senate Office Building 731 Hart Senate Office Building Washington, D.C. 20510 Washington, D.C. 20510 Senator Jack Reed Senator Pat
Division of Government and Public Affairs ♦ Telephone: 202 939 9355 ♦ FAX: 202 833 4762 May 15, 2013 Chairman John Kline Representative Virginia Foxx Committee on Education and the Workforce Committee on Education and the Workforce United States House of Representatives United States House of Representatives 2181 Raybu
AAU report shows that students at AAU institutions are less likely to graduate with debt than those at other nonprofit, four-year universities and their default rates are significantly lower.
I write on behalf of the higher education associations listed below to express our strong support for enacting legislation to maintain the subsidized Stafford student loan interest rate at 3.4 percent. Allowing this rate to double, as it is scheduled to do on July 1st, would impose significant additional costs on more than 7.4 million students and their families.
H.R. 3221 contains a number of provisions that will benefit students, such as setting aside mandatory funding to supplement the Pell Grant maximum grant award over the next 10 years, streamlining the Free Application for Federal Student Aid, broadening access to Perkins Loans, and keeping subsidized student loans affordable in future years by modifying the interest rate increase scheduled to take effect in 2012..
I am writing on behalf of the National Association of College and University Business Officers (NACUBO), the National Association of Student Financial Aid Administrators (NASFAA), and the Association of American Universities (AAU) to provide comments on the notice of proposed rulemaking published on December 23, 2008, implementing the Post 9/11 Veterans Educational Assistance Act...We strongly support the new GI Bill and appreciate the opportunity to provide comments on these proposed regulations..
The first priority in institutional dealings with student loan providers should be the best interests of student borrowers. Institutions should exercise sound judgment in their application of these principles to particular situations that arise..
The Association of American Universities (www.aau.edu) today issued to its member universities a statement of principles on the relationships among universities, their financial aid offices, and the companies that provide loans to students and their families to finance college. The purpose of the principles, said AAU President Robert M. Berdahl, is "to help guide campus leaders as they review these relationships in the wake of recent developments.."
On behalf of the undersigned higher education associations, I am pleased to write this letter in support of H.R. 5, the College Student Relief Act of 2007. If enacted into law, H.R. 5 would cut in half the rate on subsidized Stafford Loans for undergraduates over the next five years from the current rate of 6.8 percent to 3.4 percent..
Slideshow by Nancy Coolidge, University of California, April 6, 2005
No related links for this section.
View more articles about this topic in our archives
1200 New York Ave, NW, Suite 550 | Washington, DC 20005Phone: 202.408.7500 | Fax: 202.408.8184
Home | About AAU | University Research & Graduate Education | News Room | Budget & Appropriations
Policy Issues | AAU Publications | Members Services | Sitemap | RSS Feeds | Contact | All Content © AAU 2013