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Down But Not Out | Inside Higher Ed

July 3, 2012 |

For example, the 35 percent loan repayment rate is an “embarrassingly low number,” wrote Kevin Carey, director of the education policy program at the New America Foundation, on one of the group’s blogs. “Could any credible person explain the public policy rationale for allowing programs to access federal financial aid when graduates are twice as likely to be in non-repayment as otherwise? I think not.”

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The new Cal Grant rules are an “interesting contrast," said Amy Laitinen, a deputy director for higher education at the New America Foundation, and a former department official. “California can be a good example.”