Bipartisan Student Loan Certainty Act Of 2013
The Bipartisan Student Loan Certainty Act of 2013 was a bill signed into law by President Barack Obama on August 9, 2013, which, after more than a month of contentious debate between both parties about higher education and how the government should distribute loans, sets federal student loan rates to financial markets on all DIRECT student loans disbursed on or after July 1, 2013. There are maximum rate caps for Undergrad, Graduate PLUS and Parent PLUS loans. Democrats had originally planned to extend the low 3.4% rate for another 1–2 years but the bill, sponsored by Sen. Jack Reed (D-RI), was filibustered. Republicans in the House created a market-based approach, and the two sides eventually reconciled, after Sen. Joe Manchin (D-WV) and Sen. Angus King Angus Stanley King Jr. (born March 31, 1944) is an American lawyer and politician serving as the junior United States senator from Maine since 2013. A political independent since 1993, he previously served as the 72nd govern ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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John Kline (politician)
John Paul Kline Jr. (born September 6, 1947) is an American politician who served as a member of the United States House of Representatives from from 2003 to 2017. The district included most of the southern suburbs of the Twin Cities. A member of the Republican Party, Kline served as the Chairman of the House Committee on Education and the Workforce from 2011 until 2017. Kline retired from Congress at the end of his term in January of 2017. Early life and education Kline was born in Allentown, Pennsylvania, the son of Litta Belle (née Rodman) and John Paul Kline, Sr. He is a 1965 graduate of W. B. Ray High School in Corpus Christi, Texas. He earned a B.A. in biology at Rice University in 1969 and a Master of Public Administration from Shippensburg University of Pennsylvania in 1988. Career Before his election to Congress, Kline was a 25-year career commissioned officer in the U.S. Marine Corpos, where he was a senior military aide to Presidents Carter and Reagan and was re ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Higher Education Act Of 1965
The Higher Education Act of 1965 (HEA) () was legislation signed into Law of the United States, United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda. Johnson chose Texas State University (then called "Texas State University#Name changes, Southwest Texas State College"), his alma mater, as the signing site. The law was intended "to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education". It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been e ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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United States House Committee On Education And The Workforce
The Committee on Education and Labor is a standing committee of the United States House of Representatives. There are 50 members in this committee. Since 2019, the chair of the Education and Labor committee is Robert Cortez Scott of Virginia. History of the committee Attempts were made to create a congressional committee on education and labor starting with the early congresses but issues over Congress's constitutional ability to oversee such issues delayed the committee's formation. Finally, on March 21, 1867, the Committee on Education and Labor was founded following the end of the Civil War and during the rapid industrialization of America. On December 19, 1883, the committee was divided into two, the Committee on Education and the Committee on Labor. The committees again merged on January 2, 1947, after the passage of the Legislative Reorganization Act of 1946, becoming the Committee on Education and Labor again. On January 4, 1995, when the Republicans took over the House, ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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United States House Committee On The Budget
The United States House Committee on the Budget, commonly known as the House Budget Committee, is a standing committee of the United States House of Representatives. Its responsibilities include legislative oversight of the federal budget process, reviewing all bills and resolutions on the budget, and monitoring agencies and programs funded outside of the budgetary process. The committee briefly operated as a select committee in 1919 and 1921, during the 66th and 67th United States Congresses, before being made a standing committee in 1974. Role of the committee The primary responsibility of the Budget Committee is the drafting and preparation of the Concurrent Resolution on the Budget, commonly referred to as the "budget resolution". This resolution sets the aggregate levels of revenue and spending that is expected to occur in a given fiscal year. A budget resolution by law must be enacted by Congress by April 15. This target date is rarely met, and in at least four years (FY19 ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the '' Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he represented the 13th district in the Illinois Senate from 1997 until 2004, when he ran for the U ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States. Founded in 1828, it was predominantly built by Martin Van Buren, who assembled a wide cadre of politicians in every state behind war hero Andrew Jackson, making it the world's oldest active political party.M. Philip Lucas, "Martin Van Buren as Party Leader and at Andrew Jackson's Right Hand." in ''A Companion to the Antebellum Presidents 1837–1861'' (2014): 107–129."The Democratic Party, founded in 1828, is the world's oldest political party" states Its main political rival has been the Republican Party since the 1850s. The party is a big tent, and though it is often described as liberal, it is less ideologically uniform than the Republican Party (with major individuals within it frequently holding widely different political views) due to the broader list of unique voting blocs that compose it. The historical predecessor of the Democratic Party is considered to be th ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Jack Reed (Rhode Island Politician)
John Francis Reed (born November 12, 1949) is an American lawyer and politician serving as the Seniority in the United States Senate, senior United States Senate, United States senator from Rhode Island, a seat he was first elected to in United States Senate election in Rhode Island, 1996, 1996. A member of the Democratic Party (United States), Democratic Party, he was the United States House of Representatives, U.S. representative for from 1991 to 1997. Reed graduated from the United States Military Academy and Harvard University, serving in the United States Army, U.S. Army as an active officer from 1971 to 1979. He is the dean of United States congressional delegations from Rhode Island, Rhode Island's congressional delegation. Early life, education and career Reed was born in Cranston, Rhode Island, the son of Mary Louise ( Monahan) and Joseph Anthony Reed. Reed graduated from La Salle Academy, Providence, La Salle Academy and the United States Military Academy at West Poi ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Joe Manchin
Joseph Manchin III (born August 24, 1947) is an American politician and businessman serving as the senior United States senator from West Virginia, a seat he has held since 2010. A member of the Democratic Party, Manchin was the 34th governor of West Virginia from 2005 to 2010 and the 27th secretary of state of West Virginia from 2001 to 2005. After becoming a senator in 2010, he became the state's senior U.S. senator when Jay Rockefeller retired in 2015. Before entering politics, Manchin helped found and was the president of Enersystems, a coal brokerage company his family owns and operates. Manchin won the 2004 West Virginia gubernatorial election by a large margin and was reelected by an even larger margin in 2008. He won the 2010 special election to fill the Senate seat vacated by incumbent Democrat Robert Byrd's death with 53% of the vote, and in 2012 was elected to a full term with 61% of the vote. Manchin won a second term in 2018 with just under 50% of the vote. In both ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Angus King
Angus Stanley King Jr. (born March 31, 1944) is an American lawyer and politician serving as the junior United States senator from Maine since 2013. A political independent since 1993, he previously served as the 72nd governor of Maine from 1995 to 2003. King won Maine's 2012 Senate election to replace the retiring Republican Olympia Snowe and took office on January 3, 2013. He was reelected to a second term in 2018, following the state's inaugural instant-runoff voting elections. For committee assignment purposes, he caucuses with the Democratic Party. He is one of three independents currently serving in the Senate; the other two are Bernie Sanders of Vermont and Kyrsten Sinema of Arizona, who also caucus with the Democrats. Early life, education, and early career King was born in Alexandria, Virginia, the son of Ellen Archer (née Ticer) and Angus Stanley King, a lawyer. His father was a U.S. magistrate for the Eastern District of Virginia. He attended Dartmouth College, e ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Student Loans In The United States
Student loans in the United States are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships, which are not repaid, and grants, which rarely have to be repaid. Student loans may be discharged through bankruptcy, but this is difficult. Student loan debt has proliferated since 2006, totaling $1.73 trillion by July 2021. In 2019, students who borrowed to complete a bachelor's degree had about $30,000 of debt upon graduation. Almost half of all loans are for graduate school, typically in much higher amounts. Loan amounts vary widely based on race, social class, age, institution type, and degree sought. As of 2017, student debt constituted the largest non-mortgage liability for US households. Research indicates that increasing borrowing ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |