A Federal Anti-education Plan

Leeds Nov. 19, 2013 7:30 p.m. ET Virtually all middle-class jobs now require postsecondary skills and credentials. Yet as many middle- and lower-income families and students adjust to the reality that college has become a necessity rather than a luxury, the luxury price tag that college commands is less and less affordable. Many students need to take on large amounts of debt, and these loans often are a real burden, particularly in a troubled economy with too few well-paying jobs. In his desire to make college more affordable, Secretary of Education Arne… <br>For the original version including any supplementary images or video, visit http://online.wsj.com/news/articles/SB10001424052702303531204579204212758620396

Federal Student Loan Profits Help Duncan Cut Education Spending To Lowest Level Since 2001

To the extent that theres a lot of student debt held by people who are not working, it's obviously yet another drag on recovery. The Education Departments profits off student loans may be fueling what Richard Cordray, the head of the Consumer Financial Protection Bureau, this month referred to as the domino effect of student debt on the broader U.S. economy. Cordray said that student debt is affecting the housing market, for example, since overly indebted borrowers are less able to purchase houses or secure home mortgages. Federal student loan profits are largely the result of big payments, due to relatively high interest rates and under-utilized debt-relief programs, meaning that after borrowers pay their student loan bills, they have less cash to devote to other financial activities. Rohit Chopra, the CFPBs top student loan official, said in a speech last year that excessive student debt can slow the recovery of the housing market [because] student loan borrowers are sending big payments every month to their loan servicers, rather than becoming first-time homebuyers. The profit figures have previously been disputed by the Education Department. <br>For the original version including any supplementary images or video, visit http://www.huffingtonpost.com/2013/11/18/federal-student-loan-profits_n_4283765.html

NYC education officials hurry to close city’s worst-performing charter school

1. De Blasio has promised to end school shutdowns. By Ben Chapman / NEW YORK DAILY NEWS Monday, November 18, 2013, 10:53 PM Robert Sabo/New York Daily News New York City Mayor-elect Bill de Blasiohas promised to end school shutdowns. Related Stories Readers sound off on teacher evaluations, carriage horses and the FDNY City education officials are trying to close a troubled Brooklyn charter school before Mayor-elect Bill de Blasio takes office Jan. 1 and fulfills his campaign promise to impose a moratorium on school shutdowns. <br>For the original version including any supplementary images or video, visit http://www.nydailynews.com/new-york/education/nyc-hurries-close-worst-performing-charter-school-article-1.1521376

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