Location: Home > Study in the United States > Study Policies > Higher Education

Higher Education




date:Mar 19,2013 source:互联网 editorial staff:linan clicks:

Earning a post-secondary degree or credential is no longer just a pathway to opportunity for a talented few; rather, it is a prerequisite for the growing jobs of the new economy. Over this decade, employment in jobs requiring education beyond a high school diploma will grow more rapidly than employment in jobs that do not; of the 30 fastest growing occupations, more than half require postsecondary education. With the average earnings of college graduates at a level that is twice as high as that of workers with only a high school diploma, higher education is now the clearest pathway into the middle class.

Earning a post-secondary degree or credential is no longer just a pathway to opportunity for a talented few; rather, it is a prerequisite for the growing jobs of the new economy. Over this decade, employment in jobs requiring education beyond a high school diploma will grow more rapidly than employment in jobs that do not; of the 30 fastest growing occupations, more than half require postsecondary education. With the average earnings of college graduates at a level that is twice as high as that of workers with only a high school diploma, higher education is now the clearest pathway into the middle class.

In higher education, the U.S.. has been outpaced internationally. While the United States ranks ninth in the world in the proportion of young adults enrolled in college, we’ve fallen to 16th in the world in our share of certificates and degrees awarded to adults ages 25-34 — lagging behind Korea, Canada, Japan and other nations. We also suffer from a college attainment gap, as high school graduates from the wealthiest families in our nation are almost certain to continue on to higher education, while just over half of our high school graduates in the poorest quarter of families attend college. And while more than half of college students graduate within six years, the completion rate for low-income students is around 25 percent.

Acknowledging these factors early in his Administration, President Obama challenged every American to commit to at least one year of higher education or post-secondary training. The President has also set a new goal for the country: that by 2020, America would once again have the highest proportion of college graduates in the world.

To achieve this bold goal for college completion, ensure that America’s students and workers receive the education and training needed for the jobs of today and tomorrow, and provide greater security for the middle class, President Obama and his Administration are working to make college more accessible, affordable, and attainable for all American families.

Helping Middle Class Families Afford College
America is home to the best colleges and universities in the world — and increasing college attainment has never been more important to our economic competitiveness — yet tuition and fees have skyrocketed over the past decade, making it more difficult for American families to invest in a higher education for their future. Today’s college students borrow and rack up more debt than ever before. In 2010, graduates who took out loans left college owing an average of more than $26,000. Student loan debt has now surpassed credit card debt for the first time ever.

Our nation’s commitment to placing a good education within reach of all who are willing to work for it helped build a strong American middle class over the past several generations. In keeping this promise alive, President Obama has expanded federal support to help more students afford college, while calling for a shared responsibility in tackling rising college costs. President Obama’s efforts of reform in higher education funding have produced the largest investment in student aid since the G.I. Bill, while resulting in a more efficient, reliable, and effective system for students to help them afford college and manage debt:

Doubling Investments in Pell Grants
The President has raised the maximum Pell Grant award to $5,635 for the 2013-14 award year — a $905 increase since 2008. Under the President’s leadership, the number of Pell Grant recipients has expanded by 50 percent over that same time, providing college access to millions of additional low-income and middle-class students across the country. The Obama Administration’s landmark investment in the Pell Grant was enacted in the Health Care and Education Reconciliation Act of 2010, which ended student loan subsidies for private financial institutions and banks and shifted over $60 billion in savings back to students.
Helping Students Manage Student Loan Debt
The Administration’s “Pay as You Earn” plan expands income-based repayment to enable 1.6 million students to take advantage of a new option to cap repayment of student loans at 10 percent of monthly income — an option that student borrowers can begin to use at the end of this year. These changes will reduce the burden of student loans in a fiscally responsible way. Additionally, millions of borrowers are now eligible to consolidate Direct Loans and FFEL Loans and save up to half a percentage point on their interest rate.
For more information: Everything you need to know about income-based repayment
Expanding Education Tax Credits
President Obama established the American Opportunity Tax Credit in 2009 to assist families with the costs of college, providing up to $10,000 for four years of college tuition for families earning up to $180,000. Over 9.4 million students and families benefit from the American Opportunity Tax Credit each year. President Obama has called on Congress to make this tax credit permanent and prevent it from expiring in 2012.
Keeping Student Loan Interest Rates Low
In his State of the Union address, the President called on Congress to keep interest rates low for the 7.4 million borrowers who take out subsidized Federal student loans for this school year. With President Obama’s leadership, rates on new subsidized Stafford loans remained at 3.4 percent — instead of doubling to 6.8 percent — this past summer. This bold action saved students an average of $1,000 on the life of their loans, and President Obama has committed to keeping interest rates low for student loans moving forward.
Keeping Costs Down
The President is calling on Congress to advance new reforms to give more hard working students a fair shot at pursuing higher education, because education is not a luxury: it is an economic imperative that every hard working and responsible student should be able to afford. President Obama has emphasized that the federal government, states, colleges, and universities all have a role to play in making higher education more affordable, by reining in college costs, providing value for American families, and preparing students with a solid education to succeed in their careers.

In his State of the Union address, President Obama emphasized this shared responsibility of states and higher education institutions — working with the federal government — to promote access, affordability and attainment in higher education by reining in college costs, providing value for American families, and preparing students with a high quality education to succeed in their careers. It is not enough to increase federal student aid alone — state policymakers and individual colleges and universities bear a shared responsibility to take action against rising college tuition and costs.

Providing greater pathways for students to enter into and succeed in higher education is in the interest of all Americans, and is critical to developing a highly educated, highly skilled economy and workforce that will attract business and lead to lower unemployment. The Administration has taken several steps and advanced several proposals to put higher education greater within reach for more Americans:

Reforming student aid to promote affordability and value
To keep tuition from spiraling too high and drive greater value, the President has proposed reforms to federal campus-based aid programs to shift aid away from colleges that fail to keep net tuition down, and toward those colleges and universities that do their fair share to keep tuition affordable, provide good value, and serve needy students well. These changes in federal aid to campuses will leverage $10 billion annually to help keep tuition down.
Creating a Race to the Top for college affordability and completion
The President has proposed incentives for states to maintain their commitments to higher education through a new $1 billion investment. The Race to the Top: College Affordability and Completion challenge aims to increase the number of college graduates and contain the cost of tuition by rewarding states that are willing to systematically change their higher education policies and practices.
Kicking off a First in the World competition
The President is proposing an investment of $55 million in a new First in the World competition, to support public and private colleges and non-profit organizations as they work to develop and test the next breakthrough strategy that will boost higher education attainment and student outcome, while leading to reduced costs.
Strengthening Community Colleges
The President has placed a strong emphasis on making America’s community colleges stronger, ensuring that they are gateways to economic prosperity and educational opportunities for millions of Americans each year. Each year, over 1,100 community colleges provide students and workers with critical skills to succeed in a 21st century economy. To help reach the President’s college attainment goal, the Obama Administration has called for an additional 5 million graduates from community colleges by 2020. Working in partnership with states and communities, community colleges are well suited to promote the dual goal of academic and on-the-job preparedness for the next generation of American workers.

Many community colleges are already working with businesses to develop programs and classes — ranging from degree-granting curricula to certified courses for retraining — that will enhance skills for workers. The President has demonstrated his commitment to deepening and expanding that work:

Promoting Industry Partnerships to Foster Career Readiness
Building on President Obama’s American Graduation Initiative, the Trade Adjustment Assistance Community College and Career Training program invests in community college and industry partnerships that will provide more Americans with the skills they need to enter and succeed in the work force. The Obama Administration has already committed $500 million to develop programs that provide pathways for individuals to secure quality jobs in high-wage, high-skilled fields including advanced manufacturing, transportation, health care, and Science, Technology, Engineering and Mathematics (STEM) — and another $500 million in grant awards will go out in September. The Administration will invest an additional $1 billion in this initiative over the next two years.
Additionally, the Skills for America’s Future initiative brings together companies and community colleges to help workers gain new skills and will make America more competitive in the global economy. Born out of the first-ever White House Summit on Community Colleges hosted by President Obama in October 2010, and in collaboration with businesses and other partners nationwide, Skills for America’s Future has created and strengthened partnerships between industry, business, and community colleges, providing 500,000 Americans the skills they need to succeed while equipping businesses with talented and skilled employees to help them thrive.
2 Million Jobs for Trained Workers
In his 2013 budget request, President Obama proposed the Community College to Career Fund, an $8 billion investment in community colleges and states over three years to partner with businesses to train workers in a range of high-growth and in-demand areas, such as health care, logistics, transportation, and advanced manufacturing. The Obama Administration is committed to working with Congress to enact this initiative and provide more community colleges with the resources they need to become community career centers, where people learn crucial skills and earn industry-recognized credentials to build strong careers.
Improving Transparency and Accountability
President Obama has consistently strived to lead the most open, efficient and accountable government in history. Over the last two years, new initiatives have increased public participation in government, opened up new information to Americans on a variety of topics, and improved citizens' everyday lives. In the vein of transparency and accountability, the President tasked his Administration with giving students and families new tools and relevant information that will help them make sound financial decisions in pursuing their higher education goals.

Creating a Financial Aid Shopping Sheet
The Department of Education and the Consumer Financial Protection Bureau have launched the “Know Before You Owe” campaign to create a model financial aid disclosure form — the Financial Aid Shopping Sheet — to help students better understand the type and amount of aid they qualify for and easily compare aid packages offered by different colleges and universities. The Financial Aid Shopping Sheet is an individualized standard financial aid award letter that will help students and families understand the costs of college before making the final decision on where to enroll. The Shopping Sheet is being voluntarily adopted by colleges and universities across the country for the 2013-14 academic year to provide students and families with critical information about their financial decision to attend college in a clear, concise, and standardized format that facilitates easy comparisons across institutions.
Launching the College Scorecard
As part of the President’s commitment to holding colleges accountable for cost, value and quality, the Administration has launched a College Scorecard to help empower students and families with more transparent information about college costs and outcomes, so that they can choose a school that is affordable, best-suited to meet their needs, and consistent with their educational and career goals. The Scorecard provides clear, concise information on cost, graduation rate, loan default rate, amount borrowed, and employment for every degree-granting institution in the country. By making these key pieces of information available in an interactive and easy-to-read format, the College Scorecard enables students and families to compare colleges and make the best decision for their future.
Protecting Our Veterans, Military Spouses, and their Families




Ei Study www.eistudy.com professional overseas education service provider with years of experiences and highest rates of services and success in recommending world's best education institutions to fulfill your dreams in seeking knowledge and target your future. Zero agent fee! Local please contact: +65 6737 9958

Follow Us:
Hotline China:0086-4007160816 Hotline Singapore:0065-67379958
Copyright and Disclaimer
1.We welcome all kind of reproduction of our original articles, please indicate the source for reproduction purpose as followed: Singapore Eistudy en.eistudy.com;
2. All contents within this web site aims to disseminate useful information for the users, it does not fully represent the opinion of our web site and we do not assume tort liability or copyright of the published contents;
3. User should assume all responsibility for the opinions published in our blog / forum.
Zoe Cheng
咨询Zoe Cheng
Top Weekly News
Top Courses

Toll-free China Hotline:

Singapore Hotline:

more>>ENLIGHTEN Events
Visit by Mr Martin Boyce - La Trobe Melbourne
Visit by Mr Martin Boyce - La Trobe Melbourne

This October 2013 has been a busy month for Ei Holdings On 21st October 2013, we hosted our third international visitor - Mr Martin Boyce, Marketing Director, for La Trobe Melbourne This was his maiden visit to our office Together with Joanne and Glenn, the visitor was given an insight of our company s profile, strategy, directions and future development

Encore visit by Mr Steven Wong
Encore visit by Mr Steven Wong

It was our pleasure to host Mr Steven Wong who is Marketing Manager for Eynesbury College, on 17th October 2013 This was his maiden visit to our company Upon his arrival, Mr Steven was given a brief introduction of the company s growth, developments and strategy for the last quarter of 2013 He was pleasantly surprised by the significant developments within such as a span of time and was truly impressed with the tremendous growth and milestones that Ei Holdings had achieved over the years