The latest National Assessment of Education Progress (NAEP) results for 2013 have garnered a bit more attention than usual with nearly across the board gains in reading in math for all students.
The results for the 2013 National Assessment for Educational Progress (NAEP), also known as the “Nation’s report card,” which measures fourth and eighth grade student performance in reading and math have been released. While the results show some progress, roughly two thirds of American fourth and eighth graders still are not performing at or above grade level in these critical subjects. Specifically, just 42 percent of fourth graders and 35 percent of eighth graders scored at or above proficient in math and only 35 percent of fourth graders and 36 percent of eighth graders can read at or above grade level.
While most eyes are focused on the lackluster implementation of the Affordable Care Act, the Administration has quietly embarked on a massive campaign to attract students to its income-based repayment program for student loans. Should the Department’s effort prove successful, it will have massive implications for taxpayers, who will end up footing a tremendous bill for these loans.
"The reality is that the government isn't actually making money on student loans. It never was, despite Congressional Budget Office findings to the contrary."
Breaking this morning: The Washington Examiner reports that AAF is out with a new study today finding that "A broad range of student borrowers would have saved significant amounts of money over the past few years if the government had allowed market-based rates for student loans."
In 2010 the Affordable Care Act (ACA) eliminated private providers from the federal student loan program and replaced them with fixed-rate, direct government loans. The force driving the switch to direct loans and the interest rates chosen was the fictitious budgetary savings needed to balance the costs of health care legislation. The changes ensured that the Treasury, rather than private sector lenders, would hold billions of dollars of outstanding student loan debt and the associated risk, all of which would be financed by taxes and deficit borrowing.
Over the last 40 years, collective bargaining by teacher unions has had an enormous impact on public education. And while there continues to be debate whether teachers are fairly compensated, salaries and benefits for teachers have increased over the last four decades while student academic achievement remains flat. Historically, teacher unions have been successful in their vehement opposition to placing weight on student academic performance in teacher evaluations. Yet students in right to work states, where collective bargaining is not required, are out performing their union-educated peers. Additionally, teacher unions have been successful in maintaining tenure policies, which allow poorly qualified teachers to remain in the classroom, affecting student performance not only while in school but also after they graduate.
First and foremost our thoughts and prayers are with all those in the Capitol Hill and Philadelphia communities.